SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at 136.3-141.3 million VND/tael (buying - selling), down 2.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 5 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 136.5-141.5 million VND/tael (buying - selling), down 2.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 135-140 million VND/tael (buying - selling), down 3.8 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 5 million VND/tael.
9999 gold ring price
As of 9:20 am, DOJI Group listed the price of gold rings at 136.3-141.3 million VND/tael (buying - selling), down 2.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 136.5-141.5 million VND/tael (buying - selling), down 2.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 135-140 million VND/tael (buying - selling), down 3.8 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 5 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 5 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:07 AM, world gold prices were listed around the threshold of 4,180.6 USD/ounce, down 151 USD compared to the previous day.
Gold price forecast
World gold prices are under great pressure before the US announces the consumer price index (CPI) for May. This is considered an important data that can orient monetary policy expectations of the US Federal Reserve (Fed) in the coming time, thereby directly impacting the diễn biến of precious metals.
After setting a historical peak at the end of January, gold prices entered a strong correction phase. The main reason comes from the market reducing expectations that the Fed will cut interest rates soon, while the USD and real yields tend to recover.
With non-performing assets like gold, a prolonged high interest rate environment often increases the opportunity cost of holding, causing short-term investment demand to weaken.
According to analysts, if the US May CPI is higher than forecast, the market may continue to assess the possibility of the Fed maintaining a tough stance, even not excluding the scenario of raising interest rates. At that time, gold prices are at risk of undergoing further selling pressure, especially if important technical support levels are broken.
Conversely, if inflation data is lower than expected, the USD and yields may cool down, opening up opportunities for gold recovery in the short term.
Ms. Suki Cooper - Global Director of Commodity Research at Standard Chartered Bank - said that gold price movements in the short term may become more vulnerable due to unfavorable macroeconomic factors. According to her, gold is returning to be more clearly affected by real yields. Investment demand through gold ETFs is also showing signs of weakening, increasing risks if investors continue to withdraw capital from loss-making positions.
This expert believes that the 4,250 USD/ounce zone is a technical milestone to be monitored. If prices continue to fall deeply, selling pressure from gold investment products may increase, pulling prices back to lower support zones, including the area around 4,100 USD/ounce.
However, the downward trend of gold is somewhat limited by long-term buying power from central banks. China continued to increase gold reserves in May, extending its net buying streak for many consecutive months. This factor shows that the gold accumulation trend at the national level has not reversed, thereby creating a support for medium and long-term gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
