Updated SJC gold price
As of 9:15 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 119.5-121.5 million/tael (buy in - sell out), an increase of VND 500,000/tael for both buying and selling. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, DOJI Group listed the price of SJC gold bars at VND 119.5-121.5 million/tael (buy - sell), an increase of VND 1 million/tael for buying and kept the same for selling. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 119.5-121.5 million VND/tael (buy - sell), an increase of 1 million VND/tael for buying and kept the same for selling. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 119-121.5 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.5 million VND/tael.
9999 round gold ring price
As of 9:15 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND 114.5-116.8 million/tael (buy - sell), an increase of VND 1 million/tael for buying and VND 500,000/tael for selling. The difference between buying and selling prices is at 2.3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 117.5-120.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael for both buying and selling. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 115.5-118.5 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 9:30 a.m., the world gold price was listed on Kitco around 3,347.6 USD/ounce.
Gold price forecast
Although gold prices have recently seen strong fluctuations, the surge to $3,500/ounce has strengthened confidence in the precious metal's long-term prospects.
According to Mr. Ryan McIntyre - Management partner at Sprott Inc., investors should take advantage of the corrections to accumulate gold, aiming for a ratio of about 10% in the portfolio.
In an interview with Kitco News, Mr. McIntyre emphasized that, compared to the US stock market that is overvalued, gold still has a lot of room for growth.
This expert predicts that gold prices will stabilize at over $3,000/ounce and affirmed that this is not a price that investors need to worry about.
I will be more concerned about the US stock market than about gold. It is clear that US stocks are over Valued, he said.
The US stock market continued to increase strongly, extending the increase of the previous two sessions, reflecting the optimistic sentiment of investors. US-China trade relations have shown signs of "growing up" after the latest statements from US President Donald Trump and US administration officials. Mr. Donald Trump said that the US and China are resuming negotiations.
Meanwhile, China announced that it will pump more liquidity into the financial system on Friday, showing that monetary policy is loosening slightly.
Technically, June gold futures are holding a solid near-term technical advantage. The next upside target for buyers is to close above the resistance level of $3,509.9/ounce. On the contrary, the target for the sellers is to push the price below the support level of 3,200 USD/ounce.
The immediate resistance level is 3,377 USD/ounce, then 3,400 USD/ounce. The first support level is 3,325 USD/ounce, followed by 3,300 USD/ounce.
See more news related to gold prices HERE...
