SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 144.2-147.2 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week's trading (June 14), the price of SJC gold bars at Saigon SJC Jewelry Company increased by 200,000 VND/tael in both buying and selling directions.
Meanwhile, DOJI listed SJC gold price at 144.2-147.2 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week's trading (June 14), SJC gold bar price at DOJI increased by 200,000 VND/tael in both buying and selling directions.
If buying SJC gold bars in the June 14 session and selling them in today's session (June 20), buyers at Saigon Jewelry Company SJC and DOJI will both lose 2.8 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at the threshold of 144.2-47.2 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 143-146.5 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 buying - selling difference is at 3.5 million VND/tael.
If buying gold rings on June 14 and selling them on today's session (June 20), buyers at DOJI will lose 2.8 million VND/tael, while the loss when buying at Phu Quy is 4 million VND/tael.
World gold price
Closing the weekly trading session, world gold prices were listed at 4,154.7 USD/ounce, down 63.6 USD compared to a week ago.
Gold price forecast
World gold prices closed the trading week in a state of clear pressure, as the US Federal Reserve (Fed)'s tougher stance continued to dominate market sentiment. Although the Fed kept interest rates unchanged at the recent meeting, signals leaning towards the possibility of monetary policy tightening made investors more cautious about precious metals.
In the context of US bond yields remaining around high levels and the USD strengthening, gold's attractiveness is narrowed. As the opportunity cost of holding gold increases, speculative cash flow tends to shift to other profitable assets. This is the reason why gold prices are difficult to maintain their recovery momentum, although safe-haven demand has not completely disappeared.
According to Mr. Laurence Booth - Global Market Director at CMC Markets, the current decline in gold is not like a panicked sell-off, but leans towards orderly risk reduction activities.
This expert noted that physical demand in some major markets, including China, is weakening as the price difference decreases. This makes gold lack a separate supporting momentum, unless macroeconomic prospects reverse in the direction of interest rate reductions or financial risk increases.
Kitco News' weekly gold survey also shows that Wall Street sentiment is leaning towards a negative trend. Among the 10 experts surveyed, 70% predict gold prices will decrease next week, only 10% believe prices will increase, and 20% predict the market will move sideways. In contrast, the group of individual investors still has a more positive view, with 54% expecting gold prices to increase.
Mr. Kevin Grady - Chairman of Phoenix Futures and Options - believes that the 4,000 USD/ounce zone is still an important psychological support threshold for gold. However, if buying pressure does not return soon, gold prices may retest the recent low. According to him, market liquidity is quite thin, weak trading volume shows that investors are not really ready to buy at the current price level.
In the coming week, the market will pay attention to a series of US economic data such as PMI, adjusted Q1 GDP, unemployment claims, durable goods orders and especially the PCE inflation index. These data may directly affect interest rate expectations, thereby strongly impacting gold price movements.
Gold price data is compared to a week earlier.
See more news related to gold prices HERE...
