SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 171.3-144.3 million VND/tael (buying - selling), down 4.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 172.5-175.5 million VND/tael (buying - selling), down 2.9 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 171.9-174.9 million VND/tael (buying - selling), down 3.5 million VND/tael 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 9:00 AM, DOJI Group listed the price of gold rings at the threshold of 171.3-74.3 million VND/tael (buying - selling), down 4.1 million VND/tael 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 gold ring prices at the threshold of 172.8-175.8 million VND/tael (buying - selling), down 2.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 171.7-174.7 million VND/tael (buying - selling), down 3.7 million VND/tael in both buying and selling directions. 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 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:00 AM, world gold prices were listed around the threshold of 4,672.7 USD/ounce, a sharp decrease of 174.2 USD compared to the previous day. Thus, after only two trading sessions, world gold prices have decreased by more than 333 USD/ounce.
Gold price forecast
World gold prices are under strong adjustment pressure as a series of unfavorable macroeconomic factors appear at the same time, causing market sentiment to shift to caution.
The main reason comes from inflationary pressure still maintained at a high level, forcing major central banks to continue pursuing tight monetary policy. The US Federal Reserve (Fed) recently maintained interest rates and signaled not to relax in a hurry, while raising the inflation forecast in the near future. This may prolong the high interest rate environment beyond expectations, reducing the attractiveness of gold - which is an unprofitable asset.
In addition, more positive US economic data than expected also put more pressure on precious metals. The Philadelphia Fed's manufacturing index increased sharply, showing that the economy still maintains stable growth momentum. As economic prospects brighten, demand for gold as a safe haven channel tends to decline.
In addition, geopolitical tensions in the Middle East have caused energy prices to rise, thereby increasing the risk of global inflation. This factor indirectly reinforces the view that central banks will maintain cautious policies and continue to put pressure on gold prices.
Notably, after losing important support levels, especially the 5,000 USD/ounce zone, the market has activated many technical sell orders, making the decline stronger. According to analysts, the nearest support zone for gold is currently around 4,800 USD/ounce and deeper is the 4,670 USD/ounce area.
In the current context, analysts believe that gold still faces many risks in the short term. If interest rates remain high, the USD strengthens and bond yields continue to rise, cash flow may continue to leave gold.
However, in the long term, some experts still maintain a positive view on precious metals, especially if inflation cools down and central banks begin a policy easing cycle.
In the near future, gold prices may continue to fluctuate strongly and be under adjustment pressure, before finding a new balanced zone.
Gold price data is compared to the previous day.
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