SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 164-167 million VND/tael (buying - selling), an increase of 600,000 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 at the threshold of 164-167 million VND/tael (buying - selling), an increase of 600,000 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 164-167 million VND/tael (buying - selling), an increase of 600,000 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 gold ring prices at the threshold of 164-167 million VND/tael (buying - selling), an increase of 600,000 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 at the threshold of 164-167 million VND/tael (buying - selling), an increase of 600,000 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 163.6-166.6 million VND/tael (buying - selling), an increase of 600,000 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 9:15 am, world gold prices were listed around 4,730.1 USD/ounce, up 46.7 USD compared to the previous day.
Gold price forecast
Despite pressure from the strengthening USD and high US bond yields, world gold prices still maintained their upward momentum thanks to risk-prevention sentiment in the face of US-Iran tensions and a series of important US inflation data to be released soon.
Brent oil prices rose to around 104 USD/barrel, while US WTI oil fluctuated near 98 USD/barrel. The upward momentum of energy raised concerns about prolonged inflationary pressure, thereby boosting demand to hold gold as a safe haven asset.
Currently, gold prices cannot break through strongly due to the negative impact of US bond yields and the USD. The yield of 10-year US Treasury bonds is currently maintained around 4.4%, while the USD index increased slightly, increasing the opportunity cost for the non-genuine precious metal.
Investors are currently focusing on the US consumer price index (CPI) report for April released this week. According to many experts, if inflation is higher than expected, the US Federal Reserve (Fed) may maintain a longer-term high interest rate policy, putting pressure on gold prices in the short term. Conversely, cooling inflation data may support precious metals to regain momentum to increase.
In addition to inflation, the market also monitors the health of the US economy through real estate data. The US National Association of Realtors (NAR) said that existing home sales in April increased by 0.2%, reaching an annual rate of 4.02 million units, lower than analysts' forecast of 4.05 million units.
According to Mr. Lawrence Yun - Chief Economist of NAR, housing affordability has been somewhat improved thanks to income increasing faster than house prices and mortgage interest rates falling compared to the same period last year. However, buyers are still cautious about economic prospects and interest rates remain high.
Some experts believe that gold is still holding a defensive advantage against the risk of prolonged inflation and geopolitical instability. Technically, analysts believe that if it surpasses the 4,769 USD/ounce resistance zone, gold prices may head towards the 4,860 - 4,880 USD/ounce zone in the near future. Meanwhile, the support zone is close to 4,660 - 4,680 USD/ounce.
Gold price data is compared to the previous day.
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