SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 163-166 million VND/tael (buying - selling), unchanged 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 prices were listed by Bao Tin Minh Chau at the threshold of 163-166 million VND/tael (buying - selling), unchanged 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 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 9:00 AM, DOJI Group listed the price of gold rings at 162.5-165.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 162.5-165.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Domestic gold prices are going sideways due to holidays. 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 8:34 am, world gold prices were listed around 4,616.3 USD/ounce, up 37.8 USD compared to the previous day.
Gold price forecast
World gold prices are forecast to continue to fluctuate in a narrow range in the short term, as the market is also affected by US economic data, monetary policy and geopolitical tensions that have not cooled down.
New data shows that the US economy grew by 2% in the first quarter, improving compared to the previous quarter but still lower than expected. Meanwhile, core inflation remained above the target level of the US Federal Reserve (Fed), reflecting uncontrolled price pressure. The combination of slow growth and high inflation is raising concerns about the risk of "inflation stagnation", causing investors to remain cautious.
Mr. Adam Button - chief strategist at Forexlive. com - said that data is leaning towards a scenario close to an inflation stop, as inflation remains persistent in a context of not strong enough growth. This may cause the Fed to continue to maintain a cautious monetary policy, thereby limiting gold's upward momentum in the short term.
Besides economic factors, the market is also heavily influenced by geopolitical developments. Tensions in the Middle East pushed oil prices up sharply, increasing concerns about global inflation. This is both a supporting factor for gold with a shelter role, but also puts pressure when interest rates may remain at a higher level for longer.
According to Mr. Bart Melek - Commodity Strategy Director at TD Securities, the energy supply shock is making it difficult for central banks to ease policies. Maintaining high real interest rates increases the opportunity cost of holding gold, thereby weakening demand from large institutions in recent times.
However, gold still shows resilience when holding firmly above important support levels. In the long term, many experts still positively assess the prospects of precious metals, especially in the context of high public debt, the trend of dedollarization and increasing global financial risks.
Analysts believe that in the near future, gold prices may continue to struggle around the current zone, waiting for more clear signals from the Fed's policy as well as the developments of the energy market. If oil prices cool down and inflation is better controlled, gold may regain its upward momentum. Conversely, a prolonged inflation scenario may cause the market to fluctuate more strongly.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
