SJC gold bar price
As of 9:24 am, SJC gold bar prices were listed by DOJI Group at the threshold of 161-164 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.
Bao Tin Minh Chau listed at the threshold of 161-165 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and keeping the selling side unchanged. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 161-164 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.
9999 gold ring price
As of 9:24 am, DOJI Group listed the price of gold rings at 161-164 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.
Bao Tin Minh Chau listed at the threshold of 161-164 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.
Phu Quy Gold and Gems Group listed the price of gold rings at 161-164 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 to 4 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:27 am, world gold prices were listed around 4,612.7 USD/ounce, down 73.5 USD compared to the previous day.
Gold price forecast
World gold prices are under pressure as geopolitical tensions in the Strait of Hormuz continue to escalate, US bond yields and the USD rise. Experts believe that the market is focusing more on the risk of the Fed maintaining interest rates at high levels for a long time.
Newly released data shows that US retail sales in April increased by 0.5%, in line with market expectations. Meanwhile, import and export prices increased the most since March 2022, mainly due to rising energy costs due to conflicts in the Middle East and disruptions to transportation through the Strait of Hormuz.
According to analysts, high oil prices are creating a paradox for gold. Usually, gold is considered a safe haven asset and an anti-inflation tool. However, current inflation mainly stems from energy shocks, forcing the Fed to maintain tight monetary policy, thereby increasing the opportunity cost of holding non-performing assets such as gold.
Mr. Jim Wyckoff - senior analyst at Kitco - said that rising US bond yields along with the strength of the USD are becoming the biggest drag on the precious metal, despite the existing safe-haven demand due to geopolitical tensions.
The meeting between US President Donald Trump and Chinese President Xi Jinping has also not brought positive signals as expected by the market. The two sides mainly made principled statements, without specific commitments related to trade or supply chains. This makes cautious sentiment continue to dominate the financial market.
In the short term, gold price movements will largely depend on the Fed's interest rate outlook, oil prices and the situation in the Middle East. If inflationary pressure continues to persist, the possibility of the Fed maintaining high interest rates for longer may cause gold to face more corrections.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
