SJC gold bar price
As of 9:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 9:30 am, DOJI Group listed the price of gold rings at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 169.4-172.4 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 169.2-172.2 million VND/tael (buying - selling), down 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:00 AM, world gold prices were listed around the threshold of 4,747.2 USD/ounce, slightly up 4.2 USD compared to the previous day.
Gold price forecast
In the context of world gold prices experiencing a week of strong fluctuations, analysts are tending to lean towards the possibility of this precious metal recovering in the short term. Market sentiment has somewhat improved as tensions related to Iran temporarily cooled down, but caution is still present because investors are not completely convinced that risk factors have actually subsided.
A new survey with Wall Street experts shows that optimistic trends are prevailing. Among the 14 experts participating, 7 people predict that gold prices may increase next week, equivalent to 50% of the opinions. Only 2 experts predict prices will go down, while the remaining 5 people believe that the market is in a balanced state and needs more signals to establish a clearer trend. In the group of individual investors, the level of optimism is even clearer when 63% of Kitco's survey participants believe that gold prices will continue to rise next week.
However, the outlook for gold does not only depend on geopolitical factors. The market next week is expected to closely monitor a series of US economic data such as existing home sales, producer price index (PPI), Empire State manufacturing survey, weekly unemployment claims and the Philadelphia Fed index. These will be important information to help investors assess the health of the US economy, and predict the direction of interest rates - a factor that has a major impact on gold prices.
Notably, some views in the market suggest that the "safe haven" role of gold is gradually being questioned. Mr. Tai Hui - Chief Market Strategist for Asia-Pacific region of JP Morgan Asset Management - said that gold is not always effective as a hedging tool against geopolitical fluctuations. According to him, gold should be viewed more as an investment asset in the portfolio, rather than just a shelter when instability increases.
However, in the long term, gold still receives support from the buying demand of central banks, the trend of diversifying reserves and concerns about inflation and public debt. This shows that in the short term, gold prices may still fluctuate strongly, but the room for increase has not completely closed.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
