SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 144-147 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (June 7), SJC gold bar price at Saigon SJC Jewelry Company decreased by 2.2 million VND/tael on the buying side and decreased by 3.2 million VND/tael on the selling side.
Meanwhile, DOJI listed SJC gold price at 144-147 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (June 7), SJC gold bar price at DOJI decreased by 2.2 million VND/tael on the buying side and decreased by 3.2 million VND/tael on the selling side.
If buying SJC gold bars in the June 7 session and selling them in today's session (June 14), buyers at Saigon Jewelry Company SJC and DOJI will both lose 6.2 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 144-147 million VND/tael (buying - selling), down 2.2 million VND/tael on the buying side and down 3.2 million VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 144-147 million VND/tael (buying - selling), down 2.2 million VND/tael on the buying side and down 2.6 million VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.
If buying gold rings on June 7 and selling them on today's session (June 14), buyers at DOJI will lose 6.2 million VND/tael, while the loss when buying at Phu Quy is 5.6 million VND/tael.
World gold price
Closing the week's trading session, world gold prices were listed at 4,218.3 USD/ounce, down 109.7 USD compared to a week ago.
Gold price forecast
World gold prices have just experienced another week of strong fluctuations. Safe haven demand appeared at the beginning of the week as investors watched US-Iran tensions and the risk of disruption in the Strait of Hormuz.
However, the upward momentum quickly weakened after geopolitical concerns cooled down somewhat, while US inflation data was hotter than forecast, increasing expectations that the US Federal Reserve (Fed) would maintain a tough stance.
During the week, gold prices at one point increased to the 4,362 USD/ounce zone but then suffered strong selling pressure, falling to near the support level of 4,000 USD/ounce.
The fact that the US consumer price index in May increased by 4.2% year-on-year, the highest level since 2023, makes the market worried that the Fed may maintain tight monetary policy for longer. In addition, rising oil prices due to conflicts in the Middle East also raises the risk of inflationary pressure from energy returning.
However, gold prices still recovered to above the 4,200 USD/ounce zone at the end of the week, amid the cooling down of US Treasury bond yields and the USD. This development shows that bottom-fishing buying power still appears as gold retreats to the low price zone, but the general psychology of the market is still quite cautious.
According to Kitco News' weekly gold survey, Wall Street analysts are clearly divided before the upcoming Fed policy meeting. Among the 17 experts surveyed, 4 predicted gold prices would rise, 2 thought prices would fall, while 11 chose to stand by and observe.
In the group of individual investors, pessimism prevailed when nearly half of participants predicted gold prices would continue to fall next week.
In the short term, gold is still under pressure from persistent inflation and high interest rate expectations. However, if inflation continues to rise faster than nominal interest rates, real yields may weaken. This is a factor that can support gold in the medium and long term, especially when investors look for channels to preserve value against increased monetary policy and public debt risks.
Next week, the market will focus on the Fed meeting, especially the message in Fed Chairman Kevin Warsh's first press conference after the FOMC meeting. In addition, data on retail sales, housing, manufacturing and the number of US jobless claims may also affect interest rate expectations.
Gold price data is compared to a week earlier.
See more news related to gold prices HERE...
