SJC gold bar price
As of 9:30 am, Phu Quy Gold and Gems Group listed the price of SJC gold bars at 143.2-147 million VND/tael (buying - selling), an increase of 700,000 VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.8 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at 144-147 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 143.7-147.5 million VND/tael (buying - selling), an increase of 1.1 million VND/tael on the buying side and an increase of 900,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.8 million VND/tael.
9999 gold ring price
As of 9:30 am, Phu Quy Gold and Gems Group listed the price of gold rings at 142.7-14.62 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
DOJI Group listed gold ring prices at the threshold of 144.5-147.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 143.7-147.5 million VND/tael (buying - selling), an increase of 1.1 million VND/tael on the buying side and an increase of 900,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.8 million VND/tael.
World gold price
At 9:30 am, world gold prices were listed around the threshold of 4-123.4 USD/ounce, up 99.1 USD/ounce.
Gold price forecast
Gold prices are regaining momentum in the context of increased safe-haven demand amid US-Iran tensions continuing to strongly impact the global financial and energy markets.
However, gold's upward momentum still faces many resistance forces. US government bond yields for the 2-year term increased to 4.261%, while 10-year term yields approached 4.63%. The USD index remained around 101.22 points. The US dollar and bond yields both increased, often reducing the attractiveness of gold because the precious metal does not bring fixed yields.
The market is currently still cautious about the monetary policy outlook of the US Federal Reserve (Fed). The possibility of the Fed raising interest rates in September is valued by the market at about 63%, lower than nearly 90% before inflation reports were released, but still high enough to maintain pressure on gold.
In addition, developments in the Strait of Hormuz continue to be an unpredictable factor. Transportation through this important maritime route has not been completely closed but is seriously affected by military conflict.
Brent oil prices have risen to 91.01 USD/barrel, while WTI oil is at 84.91 USD/barrel. High oil prices may boost safe-haven demand for gold, but at the same time increase inflationary pressure and the risk of the Fed maintaining a tough monetary policy.
In the short term, if gold prices maintain firmly above 4,072.4 USD/ounce, the upward trend may be strengthened. Conversely, falling below 4,041.65 USD/ounce will show that bond yields and the USD are regaining their upper hand. Investors will continue to monitor ceasefire information, Fed officials' statements, preliminary PMI reports and the risk of transport disruptions in Hormuz, Red Sea.
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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