SJC gold bar price
As of 9:10 am, SJC gold bar prices were listed by DOJI Group at 147-149.5 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 2.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 146.5-149.5 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.
Phu Quy Jewelry Group listed SJC gold bar prices at 148-150.5 million VND/tael (buying - selling), an increase of 4 million VND/tael on the buying side and an increase of 3.5 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 9:10 am, DOJI Group listed the price of gold rings at 147-149.5 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 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 146.5-149.5 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.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 147.5-150.5 million VND/tael (buying - selling), an increase of 3.7 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 2.5 to 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:10 am, world gold prices were listed around the threshold of 4,320.1 USD/ounce, up 101.8 USD compared to the previous day.
Gold price forecast
World gold prices are showing clearer signs of recovery after holding the important support zone around 4,000 USD/ounce. After a period of sharp decline, the precious metal has rebounded, amid a weakening USD, cooling oil prices and less stressful US interest rate expectations.
According to records on the international market, spot gold prices increased by more than 2% at many times, exceeding 4,300 USD/ounce, the highest level in nearly a week. The main driving force came from information that the US and Iran reached a preliminary agreement to end the conflict and reopen the Strait of Hormuz. This development caused oil prices to fall sharply, thereby easing inflation concerns and reducing pressure on monetary policy.
Mr. Tim Waterer - chief market analyst at KCM Trade - said that lower oil prices and weaker USD are helping to cool down inflation expectations. According to him, this combination creates the most significant support for the precious metal in recent weeks. However, the ability to maintain gold's upward momentum will depend on the sustainability of the peace agreement.
Previously, gold prices had been under great pressure when geopolitical tensions caused oil prices to rise sharply, raising concerns about prolonged inflation and interest rates remaining high for longer. Although gold is often seen as an inflation hedging channel, a high interest rate environment reduces the attractiveness of non-performing assets like gold.
From a technical perspective, many experts believe that the $4,000/ounce zone is becoming an important support level. Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold prices once fell to nearly $4.024/ounce last week, the lowest level since November last year, before recovering again.
According to him, momentum indicators are being stretched but have not really reversed; if prices set a new bottom, he tends to increase gold holdings.
This week, the market continues to focus on the policy meeting of the US Federal Reserve (Fed), the diễn biến of the USD, oil prices and inflationary signals. If the Fed keeps interest rates unchanged, while geopolitical risks continue to cool down, gold prices may receive more support. However, analysts believe that investors still need to be cautious, because gold may fluctuate strongly when the market re-evaluates the interest rate outlook and the durability of the US-Iran agreement.
Gold price data is compared to the previous day.
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