SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 181.8-184.8 million VND/tael (buying - selling), down 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 181.8-184.8 million VND/tael (buying - selling), down 1.2 million VND/tael on the buying side and down 1 million VND/tael on the selling side. 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 181.8-184.8 million VND/tael (buying - selling), down 1.2 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 9:00 AM, DOJI Group listed the price of gold rings at the threshold of 181.3-184.3 million VND/tael (buying - selling), down 1.5 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.
Bao Tin Minh Chau listed the price of gold rings at 181.8-184.8 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 181.8-184.8 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 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 9:10 am, world gold prices were listed around the threshold of 5,123 USD/ounce, down 47.8 USD compared to the previous day.
Gold price forecast
World gold prices weakened in recent trading sessions as they were under pressure from many macroeconomic factors. The recovery of the USD index along with the increase in US Treasury bond yields has made the precious metal lose some of its attractiveness to investors. In addition, concerns that increased global inflation could lead to the risk of economic growth decline also contribute to reducing demand for gold and silver.
According to market analysts, although geopolitical tensions in the Middle East, especially the conflict related to Iran, often promote safe haven demand, this time the impact is quite limited. Many traders believe that when a market cannot increase sharply even in the face of information considered supportive such as geopolitical conflicts, it shows that buying power is weakening and the upward momentum may temporarily slow down.
Another factor putting pressure on gold prices is the intervention of international organizations to stabilize the energy market. The International Energy Agency (IEA) has just announced a plan to discharge about 400 million barrels of oil from strategic reserves of more than 30 member countries - the largest reserve release in the organization's 50-year history. This move is aimed at reducing the supply shock when conflict in the Middle East disrupts oil transportation through the Strait of Hormuz. However, the initial reaction of the oil market shows that the risk is still high, as oil prices still maintain an upward trend.
From a technical perspective, experts believe that the important resistance zone of gold futures contracts is around 5,200 USD/ounce and higher at 5,248 USD/ounce. Meanwhile, the nearest support zone is defined around 5,100 USD/ounce, followed by the psychological level of 5,000 USD/ounce. Breaking these thresholds can shape the price trend in the short term.
Meanwhile, the World Gold Council (WGC) believes that global gold supply is unlikely to fall into scarcity in the near future. According to Mr. John Reade, senior market strategist at WGC, the total amount of gold on the ground is currently about 219,891 tons and most are still likely to return to the market through recycling activities as prices increase. This helps supply maintain stability.
Experts predict that in the near future, gold prices may fluctuate sharply as investors simultaneously monitor geopolitical developments, global energy policy and global economic growth prospects.
Gold price data is compared to the previous day.
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