SJC gold bar price
As of 9:20 am, Phu Quy listed SJC gold bar prices at 146-149 million VND/tael (buying - selling), an increase of 1.4 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI at 146-149 million VND/tael (buying - selling), an increase of 1.4 million VND/tael in both buying and selling directions. The difference between buying and selling was at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 147.5-151.5 million VND/tael (buying - selling), an increase of 3.4 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
9999 gold ring price
As of 9:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 146-149.5 million VND/tael (buying - selling), an increase of 1.4 million VND/tael on the buying side and an increase of 1.9 million VND/tael on the selling side. The buying - selling difference is at 3.5 million VND/tael.
DOJI Group listed the price of gold rings at 147-151 million VND/tael (buying - selling), an increase of 2.5 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
The price of gold rings is listed by Bao Tin Minh Chau at the threshold of 147.5-151.5 million VND/tael (buying - selling), an increase of 3.4 million VND/tael in both buying and selling directions. The difference between buying and selling is at 4 million VND/tael.
World gold price
At 9:20 am, world gold prices were listed around the threshold of 4,653.6 USD/ounce, up 51.2 USD.
Gold price forecast
After a strong increase in the previous trading week, gold prices entered the new week with a positive sentiment as most analysts and investors still placed expectations on the continued rise of the precious metal.
The latest survey by a website specializing in precious metals with market experts shows that the pessimistic trend has almost disappeared. Among 11 experts participating in assessing gold price prospects, 8 people, equivalent to 73%, believe that gold prices may continue to increase this week. The remaining three opinions believe that gold is likely to move sideways to consolidate after a period of strong increase. No experts predict gold prices will decrease.
Optimistic sentiment also appeared in the group of individual investors. Among more than 200 online survey participants, 164 people, equivalent to 78%, expect gold prices to continue to rise. Meanwhile, 12% forecast prices to decrease and 10% believe that gold prices will remain flat.
One of the factors supporting gold prices is the weakening of the USD. When the greenback depreciates, gold becomes more attractive to investors holding other currencies, thereby creating more buying power in the international market.
In addition, expectations for monetary policy of the US Federal Reserve (Fed) continue to be a factor being monitored by the market. New signals related to inflation, economic growth and interest rate orientation may directly impact cash flow into non-interest-bearing assets such as gold.
This week, investors will focus on the Jackson Hole conference and a series of important US economic data, including consumer confidence index, new home sales, Q2 GDP, core consumer spending price index (PCE) and data related to the labor market.
Technically, the fact that gold prices are maintained above the 4,600 USD/ounce range is considered a positive signal in the short term. If this price range is maintained, the precious metal may move towards the next target around 4,700 USD/ounce. Further, some assessments suggest that the 4,800 USD/ounce range can still be monitored by the market if supporting factors continue to be maintained.
However, after a three-week consecutive increase, gold prices also face the risk of adjustments when investors take profits. Pressure may increase if the USD recovers or US bond yields rebound.
The domestic gold market may continue to be affected by world developments, and at the same time depends on the adjustment level of gold businesses. Investors need to carefully consider buying and selling decisions when prices are in high territory and fluctuations may increase.
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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