SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 148.8-151.3 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 148.5-15.13 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 1.8 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 148.8-151.3 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed gold ring prices at 149-151.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at 148.5-15.13 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 1.8 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 148.5-15.13 million VND/tael (buying - selling), down 800,000 VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 1.8 million VND/tael.
World gold price
At 9:25 am, world gold prices were listed around the threshold of 4,324.4 USD/ounce, down 17 USD compared to the previous day.
Gold price forecast
World gold prices continue to face pressure after the US Federal Reserve (Fed) kept interest rates unchanged but signaled tougher monetary policy. The Fed's open possibility of at least one rate hike from now until the end of the year makes sentiment in the precious metals market more cautious.
After the policy meeting, gold prices lost most of the gains in the previous two sessions. Selling pressure increased as Fed Chairman Kevin Warsh emphasized prioritizing inflation control, considering price stability as a key goal in monetary policy management. When the press conference ended, gold prices fell to the lowest level of the session, at times falling more than 1%.
Entering the Asian session, precious metals are still struggling to find momentum for recovery. Spot gold prices fluctuated around 4,267.30 USD/ounce, slightly up 0.27% during the day, but the general trend is still dominated by prolonged high interest rate expectations. In an environment where real interest rates remain high, the attractiveness of gold - an asset that does not yield yields - is often reduced.
According to Mr. Bill Adams - US Chief Economist at Fifth Third Commercial Bank, signals from policy statements, interest rate forecast charts and press conferences show that the Fed's approach has changed significantly. If at the beginning of the year the market still questioned whether the Fed should cut interest rates, then by mid-year, the focus has shifted to whether the Fed needs to raise interest rates further or not.
Besides the message about interest rates, the market also paid attention to Mr. Kevin Warsh's announcement of the establishment of 5 working groups to review many areas in the monetary policy management process, including the Fed's communications, balance sheets, data sources, productivity - employment and inflation framework.
Mr. Chris Zaccarelli - Investment Director of Northlight Asset Management - said that these working groups could pave the way for profound changes in the future, especially related to the level of transparency of the Fed, inflation framework and balance sheet size.
In the short term, gold prices are likely to continue to fluctuate strongly according to the Fed's monetary policy expectations. If the USD and US bond yields remain high, gold's recovery momentum may be limited.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
