SJC gold bar price
As of 9:50 am, Phu Quy Gold and Gems Group listed SJC gold bar prices at the threshold of 144.7-148 million VND/tael (buying - selling), down 300,000 VND/tael on the buying side and unchanged on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 145-148 million VND/tael (buying - selling), unchanged 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 the threshold of 144.5-148 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 9:50 am, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 144.7-147.7 million VND/tael (buying - selling), keeping both directions unchanged. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
DOJI Group listed gold ring prices at the threshold of 145-148 million VND/tael (buying - selling), unchanged 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 gold ring prices at the threshold of 144.5-148 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
World gold price
At 12:42 PM, world gold prices were listed around the threshold of 4,151.6 USD/ounce, down 42.5 USD compared to the previous day.
Gold price forecast
World gold prices are being shaken as the market simultaneously monitors monetary policy signals from the US Federal Reserve (Fed) and new developments surrounding geopolitical tensions in the Middle East.
After the June policy meeting, the Fed issued a tougher signal when maintaining a cautious stance on inflation. The market's increased expectations of the possibility of interest rates remaining at a higher level for longer has put pressure on the precious metal. As US bond yields and the USD increase, the opportunity cost of holding gold - an unprofitable asset - also becomes higher, limiting gold's upward momentum.
According to Morgan Stanley experts, an important factor for the gold trend in the coming time will be capital flows into gold ETF funds. This bank believes that if investment capital has not returned strongly, gold will have difficulty in moving towards higher price increase targets.
However, long-term prospects are still positively assessed thanks to the central bank's gold buying demand and the defensive role against economic risks.
Besides the interest rate factor, the market is currently also reacting to energy price movements. The cooling of oil prices due to expectations of progress in US-Iran negotiations partly reduces concerns about an inflation shock. However, investors remain cautious as negotiations have not created a clear solution, allowing gold to still receive support from safe-haven demand.
Bank of America also adjusted its short-term views, saying that the gold target of 6,000 USD/ounce in the near future is difficult to achieve in the context that the Fed tends to maintain tight monetary policy.
However, the bank's analysis team believes that factors such as the US budget deficit, the need to diversify foreign exchange reserves and the downward trend of dependence on the USD are still drivers that can support gold prices in the long term.
In the short term, gold prices are forecast to continue to fluctuate strongly according to US economic data, bond yields and new signals from the Fed. If interest rate hikes are expected to continue to increase, the precious metal may face more pressure. Conversely, any sign that the Fed may ease its policy again will create momentum for gold recovery.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
