SJC gold bar price
As of 9:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 137.5-141.5 million VND/tael (buying - selling), an increase of 3.5 million VND/tael on the buying side and an increase of 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 137.5-141.5 million VND/tael (buying - selling), an increase of 3.5 million VND/tael on the buying side and an increase of 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 138.9-142.7 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.8 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 137.5-141.5 million VND/tael (buying - selling), an increase of 3.5 million VND/tael on the buying side and an increase of 2.5 million VND/tael on the selling side. The difference between buying and selling prices is at 4 million VND/tael.
DOJI Group listed gold ring prices at the threshold of 138.5-142.5 million VND/tael (buying - selling), unchanged in both directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 138.9-142.7 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.8 million VND/tael.
World gold price
At 9:00 a.m., the world gold price was listed at around 4,051.7 USD/ounce, an increase of 25.1 USD/ounce.
Gold price forecast
World gold prices have just experienced a week of strong fluctuations, at times falling below the 4,000 USD/ounce mark before recovering thanks to bottom-fishing buying and cooling US bond yields. However, the upward momentum is not really sustainable as the USD is still anchored at a high level, the US labor market is maintaining positive momentum and inflation risks have not been eliminated.
During the week, gold prices once fell to about 3,982 USD/ounce, then surged to over 4,100 USD/ounce. The weekly peak was set around 4,165 USD/ounce as bond yields fell and the greenback lost momentum. The cooling of oil prices also partly eased inflation concerns, creating conditions for cash flow to return to precious metals.
However, the recovery momentum quickly weakened after the number of initial jobless claims in the US fell to 187,000, showing that the labor market is still relatively solid. This information reinforces the possibility that the US Federal Reserve will continue to be cautious with monetary policy easing. Gold prices therefore could not maintain above the 4,100 USD/ounce mark and closed the week around the 4,051 USD/ounce range.
In the short term, gold prices are supported by falling US bond yields to around 4.68% and safe-haven demand in the face of geopolitical instability in the Middle East. However, the USD maintaining near its highs for many months is limiting the rebound of the precious metal.
Oil price movements can also create opposite effects. Falling oil prices help reduce inflationary pressure, thereby benefiting gold. Conversely, if tensions in the Strait of Hormuz or the Red Sea disrupt transportation and push energy prices up sharply, inflation expectations may return, pulling bond yields up and putting pressure on gold prices.
Next week, the market will focus on the US Federal Reserve's interest rate decision, Q2 GDP growth data and the personal consumer price index - an inflation measure that this agency prioritizes monitoring.
Technically, if it exceeds the 4,083 USD/ounce zone, gold prices may improve the short-term upward trend and return to the 4,100-4,140 USD/ounce area. Conversely, if it falls below 4,021 USD/ounce, selling pressure may increase, bringing gold prices to retest the support zone around 4,000 USD/ounce.
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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