SJC gold bar price
As of 9:43 am, SJC gold bar prices were listed by DOJI Group at the threshold of 172-175 million VND/tael (buying - selling), an increase of 7.1 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 172-175 million VND/tael (buying - selling), an increase of 7.1 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 172-175 million VND/tael (buying - selling), an increase of 7.1 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 172-175 million VND/tael (buying - selling), an increase of 7.1 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 gold ring prices at the threshold of 172.5-175.5 million VND/tael (buying - selling), an increase of 7 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 172-175 million VND/tael (buying - selling), an increase of 7.1 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 9:20 am, world gold prices were listed around the threshold of 4,587.2 USD/ounce, a sharp increase of 233.9 USD compared to the previous day.
Gold price forecast
World gold prices are undergoing a period of strong correction as selling pressure increases amid volatile global financial markets. Increased cash demand forces many investors to sell to balance their portfolios, thereby pulling precious metal prices down in the short term.
However, according to Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank, the current decline is mainly technical, stemming from profit-taking and loss-cutting activities after a long-term increase before. The expert believes that the fundamental factors of the gold market have not changed significantly, so the recovery prospects may soon return when selling pressure weakens.
In addition, the rise in bond yields and the expectation of prolonged monetary policy tightening are also putting pressure on gold prices. In the short term, the precious metal may continue to fluctuate strongly, especially when investor sentiment is still sensitive to geopolitical and macroeconomic factors.
However, many financial institutions still maintain a positive view of the long-term trend of gold. The Bank of Montreal (BMO) said that the market's upward momentum has only temporarily stalled and has not reversed. According to forecasts, gold prices may reach an average of about 4,800 USD/ounce in the third quarter and approach the 4,900 USD/ounce zone in the fourth quarter.
Notably, BMO expects that in the coming years, gold prices may remain above the 5,000 USD/ounce mark, reflecting the increasingly important role of the precious metal in the context of increasing inflation risks, public debt and geopolitical instability.
Experts also believe that the demand for holding gold as a risk hedging asset is still supported by the trend of portfolio diversification and the weakening of currencies. However, in the short term, gold prices may continue to be affected by market psychological fluctuations, especially cash flow from individual investors.
Although still facing many short-term adjustment pressures, the upward trend of gold prices in the medium and long term is still assessed as not over.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
