Updated SJC gold price
As of 9:30 a.m., DOJI Group listed the price of SJC gold bars at VND 141.6-143.6 million/tael (buy in - sell out), an increase of VND 800,000/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
The price of SJC gold bars was listed by Bao Tin Minh Chau at 141.6-143.6 million VND/tael (buy - sell), an increase of 800,000 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 140.8-143.6 million VND/tael (buy in - sell out), an increase of 800,000 VND/tael in both directions. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 round gold ring price
As of 9:30 a.m., DOJI Group listed the price of gold rings at 137.9-140.9 million VND/tael (buy - sell), an increase of 1.1 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 139.2-142.2 million VND/tael (buy - sell), an increase of 800,000 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 138.3-141.3 million VND/tael (buy in - sell out), an increase of 1 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
The buying-selling gap is pushed up 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 9:30 a.m., the world gold price was listed around 4,047.5 USD/ounce, up 31.1 USD.
Gold price forecast
A recent gold survey shows that after prices surpassed the $4,000/ounce mark, half of Wall Street analysts have cooled down their optimism, switching to a neutral stance, while individual investors have also been more cautious about the gold price outlook this week.
This week's survey recorded opinions from 17 analysts. Eight (47%) predict gold prices will continue to rise this week. 2 people (12%) see prices falling; the remaining 7 experts (41%) predict gold prices will move sideways.
On the other hand, 295 individual investors participated in the online vote. Of these, 202 people (69%) believe gold prices will continue to rise, 52 people (18%) expect prices to fall, and 41 people (14%) expect prices to fluctuate within a narrow range this week.
Rich Checkan - Chairman and CEO of Asset Strategies International believes that gold prices will continue to increase. Its not hard to see that the momentum is leaning towards buyers. Just look at today's recovery from yesterday's strong profit-taking in both gold and silver - one day later, everything seems unprecedented.
Intability in the Middle East, new drone and missile attacks in Ukraine, US government shutdowns, weakening USD, and another rate cut at the end of the month - all make the direction of gold too clear, Checkan added. "Just restore the old song".
Sharing the same view, Darin Newsom - senior market analyst at Barchart.com also predicted that gold prices will increase this week.
Ole Hansen - head of commodity strategy at Saxo Bank predicted that gold prices will decrease: "Simply because gold prices are unlikely to increase forever and maintain the increase for 9 consecutive weeks. Overall, the outlook remains positive, but the market is at risk of running out of momentum if there is no adjustment. At that time, we will know that part of the recent increase was due to FOMO psychology, and partly due to real long-term holding demand".
Adrian Day - Chairman of Adrian Day Asset Management believes that gold prices will move sideways. We will see gold hover around $4,000/ounce. The ceasefire in Gaza was an excuse for the correction, but in fact gold prices have risen too fast in the past month to reach that number.
He added that if the US government reopens, it could create downward pressure but the impact would not be large or lasting, "because Gaza or the government shutdowns are not the main reasons for gold's increase."
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
