SJC gold bar price
As of 9:43 am, SJC gold bar prices were listed by DOJI Group at the threshold of 164.9-167.9 million VND/tael (buying - selling), down 1.1 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 164.9-167.9 million VND/tael (buying - selling), down 1.1 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.
Phu Quy Jewelry Group listed SJC gold bar prices at 164.9-167.9 million VND/tael (buying - selling), down 1.1 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 9:43 am, DOJI Group listed the price of gold rings at the threshold of 164.9-167.9 million VND/tael (buying - selling), down 1.1 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 the threshold of 165.5-168.5 million VND/tael (buying - selling), down 1 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.
Phu Quy Gold and Gems Group listed the price of gold rings at 164.9-167.9 million VND/tael (buying - selling), down 1.1 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 9:44 AM, world gold prices were listed around the threshold of 4,353.3 USD/ounce, down 57.9 USD compared to the previous day.
Gold price forecast
World gold prices are experiencing strong fluctuations, with downward pressure still present even though there has been a recovery from the bottom. According to experts, the precious metals market is being affected by many mixed factors, notably signs of changes in the behavior of central banks and strategic adjustments of major financial institutions.
According to Kitco, one of the main reasons for the recent weakening of gold prices may be due to central banks - the main buying force in recent times - starting to sell. Mr. Bernard Dahdah, a precious metals analyst at Natixis, said that this move is no longer a rumor but has been partly reflected in market developments. Gold sales may be aimed at supporting the domestic currency or serving energy import demand, thereby creating downward pressure in the short term.
Mr. Dahdah believes that factors such as inflation or "hawkish" monetary policy are not enough to explain the recent sharp decline. Instead, the increase in supply from central banks and the selling activities of ETF funds may be the main reason.
In this context, gold prices are forecast to continue to be under pressure and the possibility of retreating to the 4,000 - 4,100 USD/ounce range is not excluded. However, this expert also emphasized that this may be an attractive price range for long-term investors as the upward trend has not been completely broken.
From another perspective, the latest report of Société Générale bank shows that caution is increasing in the market. This bank has reduced its gold holding ratio in its portfolio, reflecting the increasing volatility of the precious metal.
However, they still maintain a positive view and maintain the gold price target at a high level in the long term, showing that confidence in the safe-haven role of gold has not changed.
In addition to fundamental factors, technical signals also show that selling pressure is gradually weakening. The fact that gold prices fell deeply and then recovered in the most recent session forming a pattern shows that selling pressure is gradually depleted.
In the short term, the 4,300 - 4,100 USD/ounce levels play an important supporting role, while the 4,500 USD/ounce zone is a resistance level to be overcome if the market wants to regain its upward momentum.
Gold price data is compared to the previous day.
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