SJC gold bar price
As of 9:00 AM, Phu Quy listed SJC gold bar prices at the threshold of 147.6-150.6 million VND/tael (buying - selling), an increase of 1.6 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 the threshold of 147.6-150.6 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
SJC gold bar price is listed by Bao Tin Minh Chau at 151-155 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both buying and selling directions. The difference between buying and selling 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 the threshold of 148.5-152.5 million VND/tael (buying - selling), an increase of 2.5 million VND/tael on the buying side and an increase of 3 million VND/tael on the selling side. The buying - selling difference is at 4 million VND/tael.
DOJI Group listed the price of gold rings at 151-155 million VND/tael (buying - selling), an increase of 4 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 151-155 million VND/tael (buying - selling), an increase of 3.5 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 9:00 AM, world gold prices were listed around the threshold of 4,660.5 USD/ounce, up 6.9 USD.
Gold price forecast
Gold prices are still receiving support from defensive demand in the context that investors continue to be concerned about fiscal risks, US monetary policy and geopolitical instability. Despite some profit-taking waves, the precious metal still maintains above the 4,600 USD/ounce range, showing that buying power in the market has not weakened significantly.
One of the factors supporting gold prices is the expectation that the US Federal Reserve (Fed) may maintain a more cautious monetary policy as recent data shows that inflationary pressure and consumer spending are showing signs of cooling down.
The yield on 10-year US Treasury bonds has fallen to around 4.7%, partly reducing the attractiveness of fixed-ended assets, thereby supporting cash flow to gold.
Currently, the market still has fluctuating factors. The USD is trending to stabilize again, while long-term bond yields are still at a high level. This may be a drag that prevents the rise of gold from taking place completely smoothly.
Investors are currently focusing on following a series of important information this week, including the US PCE inflation report, economic growth data, and Fed Chairman Kevin Warsh's speech at the Jackson Hole conference to further assess monetary policy orientation.
Besides the interest rate factor, geopolitical risks continue to play a role as a support for gold prices. Developments related to tensions in the Middle East region, especially the issue surrounding the oil transport route through the Strait of Hormuz, can still boost demand for safe assets. Although the decrease in oil prices in the most recent session has somewhat eased concerns about inflationary pressure, prolonged instability still creates a support for gold.
Technically, the upward trend of gold is still maintained as the price remains above the 4,600 USD/ounce range. In the short term, the 4,650 USD/ounce range is considered an important resistance level. If it crosses this area, gold prices may aim for higher targets around 4,770 USD/ounce and further, the 4,960 USD/ounce range.
Conversely, if selling pressure increases, causing the price to lose the support level of 4,594 USD/ounce, the market may enter a correction phase with subsequent support zones around 4,450 USD/ounce.
Domestically, gold prices are anchored at record highs, reflecting part of the positive developments of the world market. However, the gap between buying and selling prices at many business units is still at a few million VND/tael, causing risks for short-term buyers to increase if the market experiences strong fluctuations.
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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