SJC gold bar price
As of 9:40 am, Phu Quy listed SJC gold bar prices at the threshold of 143.6-146.6 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI at the threshold of 143.6-146.6 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling was at 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 143.9-147.9 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling is at 4 million VND/tael.
9999 gold ring price
As of 9:40 am, Phu Quy Gold and Gems Group listed the price of gold rings at 143.6-146.6 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
DOJI Group listed the price of gold rings at the threshold of 143.8-147.8 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
The price of gold rings is listed by Bao Tin Minh Chau at the threshold of 143.9-147.9 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling is at 4 million VND/tael.
World gold price
At 9:45 am, world gold prices were listed around the threshold of 4,533 USD/ounce, up 42.5 USD.
Gold price forecast
Gold price outlook is receiving many positive reviews after the precious metal surpassed the $4,500/ounce mark, despite market pressure from high US bond yields and relatively positive economic signals.
In the short term, gold price movements are forecast to continue to fluctuate strongly due to investors having to consider many factors at the same time, from US economic data, monetary policy of the US Federal Reserve (Fed), oil prices to geopolitical tensions.
The latest figures show that the US labor market and manufacturing activity still maintain resilience. This may make the Fed more cautious about easing monetary policy. The minutes of the most recent meeting also show that some officials are willing to consider raising interest rates if inflationary pressure does not cool down as expected.
However, the fact that gold prices quickly recovered and exceeded 4,500 USD/ounce shows that demand for safe-haven assets is still high. Geopolitical risks, rising energy prices and concerns about inflation continue to create support for the precious metal.
Technically, the 4,447 USD/ounce zone is an important support level. If this area is maintained, gold prices are likely to move towards the resistance zone near 4,595 USD/ounce. In case of sustainably exceeding this level, the 4,778 USD/ounce zone may become the next target. Conversely, if losing 4,447 USD/ounce, the market may retreat to support zones around 4,320 USD/ounce and 4,228 USD/ounce.
From a long-term perspective, Mr. Charlie Morris - Investment Director and founder of ByteTree - believes that gold still has room to increase in the context that US public debt has approached $40,000 billion and continues to grow faster than nominal GDP.
According to this expert, measures to reduce long-term bond yields and control US government borrowing costs may create a favorable environment for gold. Meanwhile, global gold supply is only increasing relatively slowly, making prices the main factor helping the market adjust in the face of the expansion of cash and debt volumes.
The gold buying demand of central banks is also seen as a noteworthy support. In the context that many countries want to diversify reserves and reduce dependence on US government bonds, Mr. Morris assesses that gold is increasingly playing an important role in the long-term asset portfolio.
Therefore, the gold price trend in the coming time is likely to still be supported, but strong corrections may appear when interest rate expectations, bond yields and US economic data change.
Gold price data is compared to the previous day.
The information in the article is for reference only, reflecting market developments at the time of recording and not an investment recommendation. Investors need to carefully consider their financial capacity, personal goals and related risks before making a decision to buy or sell gold.
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