SJC gold bar price
As of 9:10 am, SJC gold bar prices were listed by DOJI Group at 149.8-151.8 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 2 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 149.8-151.8 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 149.8-151.8 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 2 million VND/tael.
9999 gold ring price
As of 9:10 am, DOJI Group listed gold ring prices at 150-152 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 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 149.8-151.8 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 149.3-151.8 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
World gold price
At 9:10 am, world gold prices were listed around the threshold of 4, 341.4 USD/ounce, up 28.6 USD compared to the previous day.
Gold price forecast
World gold prices continued to maintain their upward momentum after testing the important support zone around 4,000 USD/ounce. However, analysts believe that the precious metal is still in a wide accumulation phase, as investors are waiting for more clear signals from US interest rate and inflation policies.
Talking to Kitco News, Mr. Tom Bruce - macro investment strategist at Tanglewood Total Wealth Management - said he maintains a relatively neutral stance on gold in the short term, but long-term prospects are still positive.
According to this expert, the strong increase in gold to record levels at the beginning of the year was driven by central bank buying power and speculative cash flow. However, part of that momentum weakened as investors shifted their attention to high-growth stock groups such as artificial intelligence and semiconductor.
Mr. Bruce believes that in the context of cooling geopolitical risks, gold is returning to being more influenced by traditional factors, especially real interest rate expectations.
The fact that gold prices maintained a support zone around 4,000 USD/ounce shows that the market has not fallen into a deep downward trend. "Currently, the market is mainly accumulating," he said.
According to Mr. Bruce, if central banks' gold buying power increases again after a period of stagnation, this may be the fastest way to help gold prices move towards historical peaks. In addition, concerns about the decline in purchasing power of currencies, the possibility of lower real interest rates and the need to diversify reserves are still long-term supporting factors for precious metals.
In the short term, the focus of the market is the monetary policy meeting of the US Federal Reserve (Fed). Investors have almost assessed the possibility of the Fed keeping interest rates unchanged, but updated economic forecasts and messages from new Fed Chairman Kevin Warsh are the factors that could create strong fluctuations.
Mr. John Murillo - Sales Director at B2BROKER - said that if the Fed sends tougher signals, US bond yields and the USD may increase, putting pressure on gold prices.
However, he believes that a correction due to the Fed is unlikely to reverse the long-term trend, because gold is still supported by central bank buying demand, geopolitical risks and concerns about the US fiscal deficit.
Technically, the 4,300 USD/ounce zone is being considered a near support for gold prices. If this level is maintained, the precious metal may head towards the resistance zone of 4,370-4,390 USD/ounce. Conversely, if it loses 4,300 USD/ounce, selling pressure may pull the price back to the 4,200 USD/ounce area.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
