SJC gold bar price
As of 9:45 am, SJC gold bar prices were listed by DOJI Group at the threshold of 156-159 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.
Bao Tin Minh Chau listed SJC gold bar prices at 156-159 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.
Phu Quy Jewelry Group listed SJC gold bar prices at 155.5-159 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 9:45 am, DOJI Group listed gold ring prices at 156-159 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.
Bao Tin Minh Chau listed gold ring prices at 156-159 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.
Phu Quy Gold and Gems Group listed the price of gold rings at 155.5-158.5 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.
Currently, the buying - selling price difference of gold is at a very high level, around 3 to 3.5 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:45 AM, world gold prices were listed around 4,524.1 USD/ounce, down 14.2 USD compared to the previous day.
Gold price forecast
World gold prices are entering a new trading week with many mixed signals. Although most Wall Street experts lean towards the possibility of price increase, some opinions suggest that the precious metal still faces the risk of correction if it does not maintain important technical support zones.
Kitco News' latest weekly gold survey shows that among 12 analysts participating in the forecast, 9 people, equivalent to 75%, believe that gold prices will increase this week. 2 other experts, accounting for 17%, predicted a price decrease, while 1 person, equivalent to 8%, predicted that gold prices would remain flat.
Meanwhile, individual investors are more cautious. Kitco's online poll recorded 39 participants, of which 17 traders, equivalent to 44%, predicted gold prices would increase; 10 people, accounting for 26%, said prices would decrease and the remaining 12 people, equivalent to 31%, predicted gold prices would remain flat.
Some experts believe that the technical outlook for gold has not deteriorated. Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold has recovered after being sold below the 200-day moving average at one point. According to him, the rapid rebound of prices shows that buying power still appears in low price zones. If gold prices exceed the 4.585 USD/ounce zone, technical signals may be improved more clearly.
Sharing the same view, Mr. Lukman Otunuga - Senior Director in charge of market analysis at FXTM - said that gold is being greatly affected by the USD, interest rate expectations and US economic data. According to this expert, if the US jobs report is weaker than forecast, expectations that the US Federal Reserve (Fed) will be less rigid with interest rates may increase, thereby supporting gold prices.
However, the risk of correction is still present. Some experts warn that if gold loses the support zone around 4,400-4,500 USD/ounce, selling pressure may increase again. In this scenario, gold prices may fall deeper before establishing a new trend.
In the short term, gold prices are forecast to continue to fluctuate strongly as the market waits for more US economic data, especially indicators on labor and inflation. Investors need to be cautious and avoid chasing buying when the buying-selling spread in the country is still high.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
