SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 173-175.5 million VND/tael (buying - selling), an increase of 3 million VND/tael on the buying side and an increase of 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 173-175.5 million VND/tael (buying - selling), an increase of 3 million VND/tael on the buying side and an increase of 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 172.5-175.5 million VND/tael (buying - selling), an increase of 2.5 million VND/tael 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 gold ring prices at the threshold of 172.5-175.5 million VND/tael (buying - selling), an increase of 2.5 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 172-175 million VND/tael (buying - selling), an increase of 2.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 172-175 million VND/tael (buying - selling), an increase of 2.3 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 8:55 AM, world gold prices were listed around 4,843.8 USD/ounce, up 82.7 USD compared to the previous day.
Gold price forecast
World gold prices are receiving significant support after rebounding sharply, with gold futures contracts at times increasing by nearly 100 USD/ounce in just one session. This development shows that market sentiment has changed significantly as investors re-evaluate geopolitical risks related to tensions between the US and Iran in the Strait of Hormuz.
A noteworthy point is that the increase in gold was not momentary but occurred quite persistently throughout the session, reflecting intentional buying power. This shows that large cash flow is still prioritizing holding precious metals in the context of the market still being uncertain. Besides gold, silver also increased sharply, further strengthening positive signals for the precious metal group.
However, the short-term trend of gold is still not completely one-sided. On the one hand, the precious metal benefits when the USD weakens and inflation expectations in the US cool down more than forecast. On the other hand, the possibility of gold prices breaking through strongly also depends on political developments in the Middle East as well as the monetary policy orientation of the US Federal Reserve (Fed).
Mr. Simon-Peter Massabni - Business Development Director at XS. com, said that the decline of the greenback is not simply a technical correction, but reflects a shift in market sentiment as risk appetite improves and the need to hold temporary safe-haven assets weakens.
According to this expert, in the short term, the USD may continue to be under pressure, thereby creating a support for gold prices. However, he also noted that gold is still in the accumulation phase, as the market must balance between safe-haven demand and pressure from the still high interest rate level.
From another perspective, Mr. Carsten Fritsch - commodity analyst at Commerzbank, said that the potential for gold to fall deeply is currently not large. According to him, as long as the market does not really consider the possibility of the Fed raising interest rates again, gold prices are unlikely to fall sharply. This is considered an important factor helping the precious metal maintain a relatively solid support zone.
In addition, physical demand and investment in China continue to be a noteworthy support for the gold market. Capital flows into gold ETF funds in this country increased sharply, while the People's Bank of China continued to supplement gold reserves. These factors may help gold prices maintain a high foundation in the coming time, although short-term fluctuations may still appear.
Gold price data is compared to the previous day.
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