SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at 148-150.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 148-150.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 148-150.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 9:00 AM, DOJI Group listed the price of gold rings at 148.5-151 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions. 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 148-150.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 147.5-150.5 million VND/tael (buying - selling), unchanged in both 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 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:00 AM, world gold prices were listed around the threshold of 4,312.8 USD/ounce, up or down 7.3 USD compared to the previous day.
Gold price forecast
World gold prices are recording a more positive development in the context of global financial markets reacting to signs of cooling tensions in the Middle East. The preliminary agreement between the US and Iran to extend the ceasefire and reopen the Strait of Hormuz has caused crude oil prices to fall sharply, thereby partly easing concerns about inflationary pressure.
As oil prices fall, expectations that central banks must maintain a tough monetary policy stance also decrease. 10-year US Treasury bond yields slightly decreased, while the USD weakened, creating more support for the precious metal. These are favorable factors for gold, especially after a period of strong price pressure due to concerns about inflation and interest rates.
However, analysts believe that the current upward momentum of gold still needs to be viewed cautiously. The cooling of geopolitical tensions may reduce safe-haven demand, while the market is still waiting for further confirmation signals about technical trends.
The US-Iran agreement currently only helps investors reduce concerns about energy supply shocks, but has not resolved long-term issues, especially Tehran's nuclear program.
Technically, the 4,370-4,390 USD/ounce zone is considered a near resistance level for gold prices. If it sustainably crosses this zone, the precious metal may head towards higher levels around 4,580-4,600 USD/ounce.
Conversely, if the price falls below 4,300 USD/ounce, adjustment pressure may increase, with subsequent support zones around 4,200 USD/ounce and 4,180 USD/ounce.
Michele Schneider - MarketGauge's Market Strategy Director - believes that the recent strong correction may open up long-term buying opportunities, but investors should not rush to "catch bottom". According to her, the market needs more confirmation signals, such as buying force maintained after the recovery or the closing price exceeding the previous session's peak with good liquidity.
Ms. Schneider also noted that silver is an important indicator for the precious metal group. If silver continues to show relative strength compared to gold, this may reflect inflation expectations and industrial demand recovery.
Although cautious in the short term, this expert still maintains a positive view on gold and silver in the long term, thanks to factors such as geopolitical instability, increased public debt, persistent inflationary pressure and central bank buying demand.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
