SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at 167-170.5 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 167-170.5 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 167-170.5 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed gold ring prices at 167-170 million VND/tael (buying - selling), down 1.5 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 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 166.5-170 million VND/tael (buying - selling), down 2 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 3.5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 167-170 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 2 million VND/tael on the selling side. 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 9:15 am, world gold prices were listed around the threshold of 4,788 USD/ounce, down 32.6 USD compared to the previous day.
Gold price forecast
In the forecast direction, world gold prices are likely to continue to fluctuate strongly when the market is simultaneously affected by US economic data, inflationary pressure and geopolitical developments in the Middle East.
Although gold still stands firm above the 4,800 USD/ounce zone, the buying force chasing prices is not really sustainable, showing that investor sentiment is still quite cautious in the face of mixed signals.
One factor holding back the upward momentum of precious metals is positive production data from the Philadelphia region (USA). The newly released report shows that manufacturing activity in April increased more strongly than forecast, with the business outlook index reaching 26.7 points, significantly higher than the 18.1 of the previous month.
New order indexes and delivery volume also simultaneously improved. This partly eases concerns about the recession and makes safe-haven demand for gold not explode as in the previous period.
However, the picture is not entirely positive. The report also shows that the labor market still shows signs of weakening as the job index turns negative. Along with that, input price pressure is increasing again, reflecting the risk of inflation not disappearing at all.
This is a factor that may continue to support gold prices in the medium term, especially when investors are still closely monitoring the interest rate management outlook of the US Federal Reserve (FED).
In another development, the expectation that US-Iran tensions will cool down is also clearly affecting the gold market. Information about the possibility of resuming negotiations, along with the hope that the conflict will soon subside, has pulled down energy prices and changed monetary policy expectations.
According to Mr. David Meger - Director of Metal Trading at High Ridge Futures - if US-Iran tensions actually cool down or the war ends, the possibility of the FED cutting interest rates in the near future will increase, thereby supporting the precious metal group.
In general, gold prices are currently standing between two opposing pulling forces: One is the weakening risk hedging demand due to more positive economic data, the other is the expectation of monetary easing and geopolitical instability has not completely disappeared.
In the short term, gold may still fluctuate, but the high price level is likely to be maintained if inflationary pressure persists and global risks have not really cooled down.
Gold price data is compared to the previous day.
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