SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 162-165 million VND/tael (buying - selling), down 2 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 at the threshold of 162-165 million VND/tael (buying - selling), down 2 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 the threshold of 162-165 million VND/tael (buying - selling), down 2 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.
9999 gold ring price
As of 9:15 am, DOJI Group listed gold ring prices at the threshold of 162-165 million VND/tael (buying - selling), down 2 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 at the threshold of 162-165 million VND/tael (buying - selling), down 2 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 the threshold of 162-165 million VND/tael (buying - selling), down 1.6 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.
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 10:00 AM, world gold prices were listed around the threshold of 4,691.8 USD/ounce, down 38.3 USD compared to the previous day.
Gold price forecast
World gold prices slightly decreased in the trading session on May 13 when US inflation data was hotter than expected, causing the USD and bond yields to rise again. However, tensions in the Middle East and energy supply risks still helped the precious metal maintain a high price range.
At the end of the session, spot gold prices fluctuated around the threshold of 4,714 USD/ounce, down 0.42%. Meanwhile, spot silver increased by 0.54% to 86.44 USD/ounce, showing that cash flow is still coming to the precious metal group in the context of economic and geopolitical instability.
The US consumer price index (CPI) report for April continues to put pressure on the market. CPI increased by 0.6% compared to the previous month, after an increase of 0.9% in March; inflation for the year increased to 3.8%, higher than analysts' forecasts. Core inflation also increased by 0.4% monthly and 2.8% annually, while energy prices increased sharply by 3.8%.
This development increases expectations that the Fed will continue to maintain high interest rates for a longer time. According to the CME FedWatch tool, the market has almost not considered the possibility of the Fed cutting interest rates before September. This is a disadvantage for gold, as a high interest rate environment often reduces the attractiveness of non-performing assets.
However, gold prices have not fallen deeply thanks to the existing safe-haven demand as negotiations between the US and Iran continue to be deadlocked. President Donald Trump said that the ceasefire process is in a "fragile" state after Tehran rejected the proposal from Washington. Concerns about prolonged conflict have pushed WTI oil prices above $102/barrel, increasing global inflationary pressure.
Some experts believe that the gold market is being affected in opposite directions. Ole Hansen - Commodity Strategy Director at Saxo Bank - said that rising US bond yields and a stronger USD are limiting gold's upward momentum in the short term. Meanwhile, many analysts still believe that geopolitical risks and persistent inflationary pressures will continue to support precious metals in high prices.
Technically, analysts assess that the 4,660-4,680 USD/ounce zone currently plays an important supporting role for gold. If this milestone is maintained, gold prices may return to test the 4,757 USD/ounce zone and further to the 4,860-4,880 USD/ounce area in the near future.
Gold price data is compared to the previous day.
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