SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. 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 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at the threshold of 168.3-171.3 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed the price of gold rings at the threshold of 168.3-171.3 million VND/tael (buying - selling), down 200,000 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 168-171 million VND/tael (buying - selling), down 500,000 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 gold ring prices at the threshold of 168-171 million VND/tael (buying - selling), down 500,000 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 9:13 am, the world gold price was listed around the threshold of 4,801.3 USD/ounce, down 28.1 USD compared to the previous day. In fact, at the opening of this morning's trading session, the world gold price fell very deeply, at one point down to 4,744.6 USD/ounce, but then the market quickly recovered before the buying force.
Gold price forecast
Gold prices enter the new week in a context where market sentiment is somewhat more stable after geopolitical tensions in the Middle East eased. This development makes cash flow less panicked, while creating conditions for the market to return to assess macroeconomic factors, especially the monetary policy outlook of the US Federal Reserve (Fed). According to analysts, this will be a group of information that has a significant impact on the short-term trend of precious metals this week.
Kitco's survey shows that most Wall Street experts still lean towards the possibility of gold prices going up this week. Individual investor sentiment is also quite positive as the majority continue to expect the precious metal to maintain its upward momentum. This is a signal that gold still receives certain support, although the market is no longer in a strong excitement state as during the previous volatile peak period.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold prices have a chance to increase this week as the market gradually returns to normal.
According to him, selling pressure from central banks may decrease, while buying demand is still maintained. This expert also noted that the important resistance zone for gold is around the 5,000 USD/ounce mark, but momentum indicators are still relatively positive.
Sharing the same optimistic view, Mr. Adam Button - Currency Strategy Director of Forexlive. com - said that gold may benefit as the market gradually absorbs all the shocks from conflict and energy prices cool down. According to him, the risk of some emerging economies having to sell gold reserves to stabilize their currencies has decreased, thereby helping gold regain its appeal.
He also believes that in the long term, geopolitical instability has not completely disappeared, so the demand for holding gold as a reserve asset still has room to increase.
However, the market this week still needs to be cautious with US economic data such as retail sales, unemployment claims, PMI and consumer confidence index. If this information changes interest rate expectations, gold prices may fluctuate sharply in the short term. In general, the main trend of gold this week is still positive, but the upward momentum may intertwine with strong fluctuations.
Gold price data is compared to the previous day.
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