SJC gold bar price
As of 9:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 179.6-182.6 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 price is listed by Bao Tin Minh Chau at the threshold of 179.6-182.6 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 179.6-182.6 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 9:30 am, DOJI Group listed gold ring prices at the threshold of 179.6-182.6 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 the price of gold rings at 180-183 million VND/tael (buying - selling). 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 179.5-182.5 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 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:38 am, world gold prices were listed around the threshold of 5,006.4 USD/ounce, down 11.3 USD compared to the previous day.
Gold price forecast
After a volatile trading week, international analysts are still quite cautious about the short-term outlook for gold prices. The latest survey by Kitco News shows that Wall Street experts have not reached a clear consensus on the trend of precious metals this week.
Specifically, among the 15 experts participating in the survey, 6 people (40%) believe that gold prices may increase this week. However, there are also 6 other experts who made the opposite forecast, saying that the precious metal is likely to continue to decrease. The remaining three opinions believe that the market is in a balanced state, with risks increasing and decreasing almost equal.
In the group of individual investors, optimistic sentiment still prevailed. In an online survey with 270 participants, 169 investors (63%) believe that gold prices will increase this week. About 12% forecast prices to decrease, while 26% believe that the precious metal is likely to remain unchanged.
However, some experts warn that gold prices may face adjustment pressure as the market enters a week with many important economic events, especially the policy meeting of the US Federal Reserve (Fed).
Mr. Rich Checkan - Chairman and Chief Operating Officer of Asset Strategies International said that gold prices could weaken in the short term if the market reacts negatively to the Fed's decision. According to him, it is likely that the Fed will keep interest rates unchanged in this meeting.
In the current context, keeping interest rates unchanged is not an unexpected factor. However, the market may still see it as a disadvantageous signal for gold, thereby creating pressure to cause prices to adjust," Mr. Checkan said.
Sharing the same cautious view, Mr. Sean Lusk - Co-Director of Trade Protection at Walsh Trading said that the gold market is being greatly affected by the diễn biến of stocks and US bond yields. According to him, the precious metal has tended to fluctuate in the same direction as the stock market in recent times, instead of playing a clear shelter asset role.
Mr. Lusk believes that in the context that many investors are holding large buy positions, profit-taking potential may create additional downward pressure. According to this expert's forecast, gold may even fall below the 5,000 USD/ounce mark before finding a boost to recover.
This week, the market will also monitor a series of important economic data, including interest rate decisions of many major central banks, along with new information about inflation and manufacturing activity in the US. These factors are believed to potentially create more volatility for gold prices in the short term.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
