SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 172.5-175.5 million VND/tael (buying - selling), down 2.5 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.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 172.3-175.5 million VND/tael (buying - selling), down 2.7 million VND/tael on the buying side and down 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 172.5-175.5 million VND/tael (buying - selling), down 2.5 million 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 9:15 am, DOJI Group listed the price of gold rings at 172.5-175.5 million VND/tael (buying - selling), down 2.5 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 the price of gold rings at 172-175 million VND/tael (buying - selling), down 2.5 million 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 the price of gold rings at the threshold of 172.3-175.3 million VND/tael (buying - selling), down 2.5 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.
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 9:15 am, world gold prices were listed around the threshold of 4, 686.9 USD/ounce, down 2.1 USD compared to the previous day.
Gold price forecast
World gold prices are under adjustment pressure as market sentiment becomes more cautious in the face of a series of unpredictable fluctuations from the economy and geopolitics.
Although still anchored in a very high price range, the precious metal has not shown truly solid signals to soon return to a strong upward trend, especially when investors continuously change expectations about interest rates, inflation and global growth.
One of the factors putting pressure on the market is the opposite direction of cash flow on safe-haven channels. In recent weeks, the global government bond market has fluctuated strongly, reflecting the tug-of-war in investors' perceptions. At times, concerns about rising energy prices due to geopolitical conflicts have raised the risk of prolonged high inflation, which may cause central banks to continue to maintain tight monetary policy.
But in the opposite direction, the market also considers the scenario that high energy costs will slow down economic growth, forcing regulators to shift to easing. This inconsistency causes gold to continuously fluctuate.
Technically, analysts believe that gold is still facing important resistance levels. According to Kitco's assessment, the next upward goal of the buying side is to bring prices above the 5,000 USD/ounce mark.
However, in the immediate future, the market is facing resistance zones near 4,850 USD/ounce and 4,900 USD/ounce, while notable support levels are at 4,700 USD/ounce and 4,600 USD/ounce. This shows that gold prices still risk continuing to adjust if demand is not strong enough to hold important support zones.
From a more cautious perspective, Mr. Avi Gilburt - founder of ElliottWaveTrader - believes that the gold correction may not be over yet.
According to him, even if the price exceeds the 4,800 USD/ounce zone and continues to increase, the market is still likely to enter a deeper decline afterwards. This expert warned that gold may retreat to the 3,800 USD/ounce zone if technical signals worsen.
In the current context, gold prices are forecast to still fluctuate strongly in the short term. The market is lacking a clear enough momentum to form a new trend, while profit-taking pressure and defensive sentiment are still present. Investors should therefore be particularly cautious with short-term fluctuations of precious metals.
Gold price data is compared to the previous day.
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