Updated SJC gold price
As of 9:15 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.7 crore VND11.7 million/tael (buy in - sell out), an increase of VND900,000/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 117.5-119 seven million VND/tael (buy in - sell out), an increase of 900,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.5-119 seven million VND/tael (buy in - sell out), an increase of 900,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 117-119 7.5 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and an increase of 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.7 million VND/tael.
9999 round gold ring price
As of 9:15 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 114-116 million VND/tael (buy - sell), an increase of 500,000 VND/tael for buying and kept the same for selling. The difference between buying and selling prices is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 115-118 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 113-116 million VND/tael (buy - sell), an increase of 600,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 9:15 a.m., the world gold price was listed around 3,371.3 USD/ounce, up 39.4 USD compared to 1 day ago.
Gold price forecast
World gold prices skyrocketed amid economic instability, despite the progress of trade negotiations. Gold futures recorded an impressive increase on Wednesday, with the August delivery contract increasing by 31.2 USD, reaching 3,378 USD/ounce at 6:15 p.m. US Eastern time (ET).
This increase continued to spread to the Asian trading session, especially in the Australian market, when prices increased and raised the total increase to more than 33 USD, reflecting stable global demand for precious metals considered traditional safe-haven assets.
According to Mr. David Morrison from Trade Nation, gold's appeal is driven by concerns about the Trump administration's trade policies, especially the imposition of " let it go" tariffs that the court allows to continue maintaining while waiting for an appeal.
One of the main factors supporting gold's increase is the prolonged weakness of the USD. Mr. Morrison noted that the US dollar is overvalualized by many measures.
Notably, the gold rally comes amid trade diplomatic developments from the two major economies. US President Donald Trump has announced a preliminary trade deal with China after two days of talks in London, opening up prospects to ease prolonged tensions between the world's two largest economies.
In addition, the latest economic data shows signs of cooling US inflation. The US Bureau of Labor Statistics said the consumer Price Index (CPI) in May increased by only 0.1% compared to the previous month, down from 0.2% in April and below the forecast of 0.2%. The core CPI - which excludes food and energy prices - also rose just 0.1%, below the forecast of 0.3%.
Typically, falling inflation will make gold less attractive as a protective channel, but cash flow continues to flow into this precious metal.
Economic data to watch this week
Thursday: US producer price index, weekly jobless claims
Friday: University of Michigan Consumer Psychology Index
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
