SJC gold bar price
As of 9:50 am, SJC gold bar prices were listed by DOJI Group at the threshold of 160.5-163.5 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 SJC gold bar prices at 159.5-162.5 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 160.5-163.5 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 9:50 am, DOJI Group listed the price of gold rings at 160.5-163.5 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.
Bao Tin Minh Chau listed SJC gold bar prices at 159.5-162.5 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 160.5-163.5 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.
Currently, the buying - selling price difference of gold is at a very high level, around 3 to 4 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:50 am, world gold prices were listed around the threshold of 4, 535.9 USD/ounce, down 3.3 USD compared to the previous day.
Gold price forecast
World gold prices entered a new trading week in a context where cautious sentiment still dominates the market, after the precious metal experienced a sharp correction last weekend. Many experts believe that pressure from rising US bond yields and stronger USD continues to be factors putting pressure on gold.
Marc Chandler - Managing Director of Bannockburn Global Forex - said that the upward momentum of yields and the strength of the greenback pulled gold prices down sharply at the end of last week. According to him, gold once fluctuated in the range of 4,638-4,773 USD/ounce but lost an important support level before the weekend holiday.
This expert warned that if gold prices break through the 4,500 USD/ounce mark, the market may witness a deeper drop to the 4,350 USD/ounce zone.
Meanwhile, Adrian Day - Chairman of Adrian Day Asset Management - believes that gold prices this week may continue to fluctuate strongly due to short-term factors continuously changing market dominance.
He assessed that pressure from rising oil prices and the trend of maintaining tight monetary policy by many central banks are creating disadvantages for gold in the short term. However, in the long term, the demand for gold from central banks and the trend of reducing the role of the USD globally may still support the precious metal.
Daniel Pavilonis - senior commodity broker at RJO Futures - said that the market is currently particularly sensitive to the developments of US bond yields. According to him, the increase in long-term bond yields shows persistent concerns about inflation, causing expectations of the Fed maintaining high interest rates to continue to increase.
In addition to the interest rate factor, investors are also closely monitoring geopolitical developments in the Middle East, oil prices and US economic data released this week. Minutes of the Fed's most recent meeting, US production, housing and consumer sentiment data are assessed to potentially strongly affect short-term gold price trends.
The latest survey by Kitco News shows that pessimistic sentiment still prevails on Wall Street. Most experts predict that gold prices may continue to fall or move sideways this week, although a part of individual investors still expect the precious metal to recover after the recent strong correction.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
