SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at 167.2-169.7 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 1.8 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 167.2-169.7 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 1.8 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 167.2-169.7 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 1.8 million 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 the price of gold rings at 166.7-169.7 million VND/tael (buying - selling), down 1.6 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.
Bao Tin Minh Chau listed the price of gold rings at 166.7-169.7 million VND/tael (buying - selling), down 1.8 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 166.7-169.7 million VND/tael (buying - selling), down 1.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 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 4,751.4 USD/ounce, down 58 USD compared to the previous day.
Gold price forecast
Under pressure from the strong increase in the USD and rising US government bond yields, world gold prices are facing a fairly deep correction after a period of hot increase. In the trading session on Tuesday in the US, June gold futures at one point lost more than 100 USD/ounce.
This development takes place in the context of the US retail sales report for March increasing by 1.7%, exceeding the market's forecast of 1.4%. Although the precious metals market has not reacted too strongly to the above data, analysts believe that this is still a factor to monitor, especially when inflationary pressure is showing signs of heating up along with the upward momentum of energy prices. Nymex WTI crude oil prices are currently fluctuating around 93.5 USD/barrel, while the yield of 10-year US bonds is at 4.3%.
Some experts believe that gold is struggling between its safe-haven role and pressure from the prospect of tighter monetary policy. According to Trading Economics' analysis, gold prices are still anchored below the 4,800 USD/ounce mark as investors wait for signals from the next round of negotiations between the US and Iran.
Geopolitical risks once strongly supported gold, but now have increased concerns about inflation, thereby leading to the possibility that central banks will maintain high interest rates for longer.
From a technical perspective, Kitco analysts believe that gold buyers for June futures still need to bring the closing price above the strong resistance level of 5,000 USD/ounce to strengthen the upward trend.
In the opposite direction, if the support zone of 4,500 USD/ounce is lost, selling pressure may increase significantly. In the immediate future, the levels of 4,800 USD/ounce and 4,854.8 USD/ounce are near resistance, while support is at 4,700 USD/ounce and then 4,650 USD/ounce.
In the long term, the outlook for gold has not yet completely deteriorated. Many large organizations such as JPMorgan and Goldman Sachs still maintain a positive outlook, saying that gold prices may fluctuate in the range of 4,000-6,300 USD/ounce by the end of 2026 thanks to buying demand from central banks and geopolitical instability that has not cooled down.
However, in the short term, the market is likely to fluctuate strongly as the USD, interest rates and Middle East developments continue to dominate investor sentiment.
Gold price data is compared to the previous day.
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