SJC gold bar price
As of 9:00 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 9:00 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 the threshold of 179.6-182.6 million VND/tael (buying - selling), down 400,000 VND/tael in both 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 179.6-182.6 million VND/tael (buying - selling), an increase of 100,000 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 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:02 am, world gold prices were listed around the threshold of 5,025.5 USD/ounce, up 19.1 USD compared to the previous day.
Gold price forecast
World gold prices are under short-term adjustment pressure as many external factors simultaneously impact the market. In the most recent trading session, the precious metal weakened due to the drop in crude oil prices and the recovery of the US stock market, thereby reducing safe-haven demand.
In addition, risky sentiment in the market shows signs of improvement as oil supply is expected to increase. Information about the US deploying a large-scale strategic oil stockpile discharge plan, along with signals that oil tankers continue to circulate through the Strait of Hormuz, has contributed to pulling energy prices down. This partly eases concerns about inflation - a factor that usually supports gold prices.
From a technical perspective, gold prices are still fluctuating around the sensitive zone of 5,000 USD/ounce. The important support level is determined around 4,900 - 4,970 USD/ounce, while the near resistance zone is at 5,044 - 5,100 USD/ounce. If it surpasses the higher level, gold prices may head towards a stronger peak in the medium term.
However, many experts believe that the recent negative developments do not mean that the upward trend has ended. Mr. Christopher Vecchio - Futures and Foreign Exchange Strategy Director at Tastylive said that gold is being affected by the market's "liquidity priority" period.
According to him, in the early stages of the crisis, investors often turned to cash, especially the USD, instead of assets like gold.
In the early stages of major shocks, gold usually falls first due to increased liquidity demand. However, later the precious metal tends to recover strongly and overwhelmingly" - Mr. Vecchio said.
This expert also noted that risks related to the supply chain and energy market are still accumulating, which may create a foundation for the long-term upward trend of gold. However, in the short term, gold prices may continue to struggle or move sideways as the market has not escaped liquidity pressure.
In general, the long-term outlook for gold is still positively assessed, but investors need to be cautious with short-term fluctuations and macroeconomic factors dominating the market.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
