SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 158.5-161.5 million VND/tael (buying - selling), down 900,000 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 SJC gold bar prices at 158.5-161.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 158.5-161.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 9:07 am, DOJI Group listed gold ring prices at the threshold of 158.5-161.5 million VND/tael (buying - selling), down 900,000 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 SJC gold bar prices at 158.5-161.5 million VND/tael (buying - selling), down 900,000 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 158.5-161.5 million VND/tael (buying - selling), down 900,000 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 4,508.5 USD/ounce, down 15 USD compared to the previous day.
Gold price forecast
After two consecutive weeks of decline, world gold prices continue to face pressure as the USD strengthens, US bond yields remain high, and the US Federal Reserve (Fed) signals tough on inflation.
In the last session of the week, spot gold prices retreated to around 4,508.5 USD/ounce, down nearly 0.8%, while silver also lost more than 1.4%.
The precious metals market last week fluctuated sharply as safe-haven demand from geopolitical tensions in the Middle East continuously faced expectations that the Fed would maintain a tight monetary policy for longer. Developments around the Strait of Hormuz and US-Iran negotiations caused oil prices to rise sharply, thereby raising concerns about energy inflation returning.
US economic data continues to put pressure on gold. The Michigan University Consumer Confidence Index fell to 44.8 points in May, lower than the previous month. Meanwhile, short-term and long-term inflation expectations both increased. Fed Governor Christopher Waller said that the energy shock from the Middle East is making the Fed pay special attention to inflation risks, and even does not rule out the possibility of raising interest rates if inflation expectations are out of control.
According to many experts, this is a factor that prevents gold from maintaining its upward momentum even though geopolitical tensions are still present. Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold has repeatedly tested the support zone of 4,500 USD/ounce but has not shown clear breakthrough momentum.
According to him, the price needs to exceed the 4,600 USD/ounce mark to establish a new upward trend, otherwise the risk of falling to the 4,370 USD/ounce zone is still present.
Meanwhile, Adrian Day - Chairman of Adrian Day Asset Management - believes that the market is likely to continue to fluctuate strongly in a slight upward trend next week. In contrast, Rich Checkan - Chairman of Asset Strategies International - predicts that gold prices will still be under downward pressure as the risk of the Fed raising interest rates again is increasingly mentioned.
The latest survey by Kitco News shows that Wall Street analysts still lean towards a short-term downward scenario. Up to 62% of experts predict gold will go down next week, while individual investors still maintain a more optimistic sentiment with 56% expecting prices to recover.
Next week, the market will focus on monitoring a series of important US data such as consumer confidence Conference Board, Q1 GDP, PCE index and weekly unemployment claims. These are considered factors that can determine the next trend of gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
