SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at 163.4-16.64 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed at the threshold of 163.4-166.4 million VND/tael (buying - selling), down 1.1 million 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 163.4-16.64 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed the price of gold rings at 163.4-16.64 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed at the threshold of 163.4-166.4 million VND/tael (buying - selling), down 1.1 million 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 the price of gold rings at 163-166 million VND/tael (buying - selling), down 1.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
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 9:11 am, world gold prices were listed around the threshold of 4, 683.4 USD/ounce, down 30.3 USD compared to the previous day.
Gold price forecast
Although world gold prices are falling, this week's precious metals received quite positive forecasts as many international experts continue to maintain optimistic views.
Kitco News' weekly gold survey also shows that optimistic sentiment is returning. Among 11 Wall Street experts participating in the survey, 7 people, equivalent to 64%, predict that gold prices will increase this week. In the group of individual investors, 69% of opinions also expect the precious metal to continue to rise in the short term.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold has shown remarkable recovery after a period of strong correction in April. According to this expert, gold prices maintained a support zone around 4,500 USD/ounce before rebounding thanks to cooling bond yields, weakening the USD and falling oil prices.
Mr. Chandler said that data from the People's Bank of China (PBOC) shows that this agency continues to buy gold strongly in the recent correction. According to him, buying power from the central bank is still an important factor helping gold prices maintain a solid support base. This expert believes that the near future target for gold may be towards the 4,850 USD/ounce zone.
Meanwhile, Mr. Sean Lusk - Co-Director of Trade Remedies at Walsh Trading - assessed that the gold market is still supported by inflation risks and economic instability. He believes that the more positive US jobs report than expected will prevent the Fed from rushing to cut interest rates in the short term. However, risks related to energy prices and Middle East tensions are still factors that need to be closely monitored.
According to Mr. Lusk, if inflation rises sharply again, the market may have to consider the possibility that the Fed will continue to maintain a cautious monetary policy longer than expected. However, he still believes that gold and silver continue to be noteworthy investment channels in the current context.
This week, the market will be particularly interested in a series of US economic data such as CPI, PPI, retail sales and number of unemployment claims. These are considered data that may directly affect the Fed's monetary policy management expectations.
If inflation continues to remain high and economic data shows that the US economy remains stable, the possibility of the Fed maintaining high interest rates for longer may put short-term pressure on gold. Conversely, if the CPI and economic indicators cool down, the expectation that the Fed will soon cut interest rates will increase, thereby supporting gold prices to maintain their upward momentum.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
