SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 168.5-172.5 million VND/tael (buying - selling), down 4.5 million VND/tael on the buying side and down 3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.5-172.5 million VND/tael (buying - selling), down 4.5 million VND/tael on the buying side and down 3 million VND/tael on the selling side. 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 168.5-172.5 million VND/tael (buying - selling), down 4 million VND/tael on the buying side and down 3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed gold ring prices at 168.5-172.5 million VND/tael (buying - selling), down 4 million VND/tael on the buying side and down 3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.5-172.5 million VND/tael (buying - selling), down 3.5 million VND/tael on the buying side and down 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 168.5-172 million VND/tael (buying - selling), down 3.5 million VND/tael on the buying side and down 3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 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 9:20 am, world gold prices were listed around 4,820.6 USD/ounce, down 23.2 USD compared to the previous day.
Gold price forecast
World gold prices are undergoing a correction after jumping to a high in the past three weeks. The diễn biến in the session shows that the market is trading sideways, up and down in both directions as short-term investors tend to take profits, making the precious metal unable to break through more strongly even though the support base is still there.
One of the notable factors is that the USD is weakening again. According to international analysts, the improved prospects for negotiations and de-escalation of geopolitical tensions have reduced the demand to hold the greenback as a safe-haven asset.
As the USD gradually loses strength, gold will theoretically be supported. However, reality shows that the upward momentum of gold at this time is still not really convincing.
Mr. Michael Brown - senior market analyst at Pepperstone - said that the 4,800 USD/ounce zone is the first resistance level that gold prices need to conquer if they want to further strengthen confidence in price increases.
According to him, investors are still quite cautious, because the market may still have to absorb all the speculation that pushed gold prices to record levels in the previous period.
From a technical perspective, analysts believe that if gold surpasses the strong resistance zone, the price may head towards a higher level in the near future. Conversely, if selling pressure continues to prevail, the precious metal may retreat to lower support zones to find a new balance point.
This shows that the short-term trend of gold is still quite sensitive to macroeconomic information, especially the fluctuations of the USD, US bond yields and geopolitical developments.
In addition, many financial institutions still maintain a positive view of gold in the medium and long term. Ms. Ruth Crowell - Executive Director of the London Gold Market Association (LBMA) - believes that gold is still playing its right role in the period of instability, which is assets that can be converted into cash when the market needs liquidity.
According to her, the problem is not whether gold fluctuates or not, but whether this precious metal still maintains its reserve and shelter function during times of crisis.
In general, gold prices are forecast to still fluctuate strongly in the short term, but the support level has not been completely broken. If geopolitical tensions continue to cool down, gold may fluctuate due to profit-taking pressure. However, in the context of global economic risks still existing, this precious metal still has a basis to maintain a positive trend in the long term.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
