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 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.5-172 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
Phu Quy Gold and Gems Group listed SJC gold bar prices at the threshold of 168.5-172 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed gold ring prices at the threshold of 168.5-171.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 168.5-171.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. 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 to 3.5 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:25 am, world gold prices were listed around 4,829.4 USD/ounce, up 41.4 USD compared to the previous day.
Gold price forecast
World gold prices are showing a very sensitive reaction to geopolitical developments in the Middle East, especially after information that Iran completely reopened the Strait of Hormuz for international maritime activities during the ceasefire period.
This move immediately affected the commodity market, pulling gold prices up sharply while crude oil turned down sharply. According to data compiled from Kitco, at one point spot gold prices jumped to near the 4,891 USD/ounce mark before cooling down slightly at the end of the session.
The above developments show that investors still consider gold as an important safe haven channel, but the short-term trend is no longer only dependent on conflict risk but also associated with expectations of the return to stability of the global financial market.
As pressure in the Strait of Hormuz eased, concerns about the energy supply chain also decreased, thereby causing cash flow in many markets to move faster.
However, not all assessments completely lean towards an upward trend. Mr. Darin Newsom - senior analyst at Barchart.com - believes that gold prices are approaching a sensitive technical zone, as the June futures contract approaches the 50-day moving average around the threshold of 4,938.5 USD/ounce.
According to him, the over-buying state on momentum indicators may put the precious metal at risk of short-term correction.
In the opposite direction, Mr. Adam Button - Currency Strategy Director of Forexlive. com - still maintains a positive view on gold. He said that even when the war temporarily cools down, fundamental risks on the geopolitical front have not disappeared.
According to this expert, emerging economies may continue to increase gold reserves after witnessing the fragility of the energy and currency markets in recent times. This is a factor that may support gold prices in the medium and long term, even opening up the possibility of reaching the 5,000 USD/ounce mark if cash flow returns more strongly.
In general, gold prices in the coming time are likely to continue to fluctuate strongly according to information from the Middle East, and are also affected by the expectations of US monetary policy. In the context of the market still having many variables, gold is still considered a noteworthy asset, but hot uptrends may also be accompanied by significant profit-taking pressure.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
