SJC gold bar price
As of 9:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 154.5-157.5 million VND/tael (buying - selling), down 1.5 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.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 154.5-157.5 million VND/tael (buying - selling), down 1.5 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 the threshold of 154.2-157.5 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.
9999 gold ring price
As of 9:30 am, DOJI Group listed the price of gold rings at the threshold of 154.5-157.5 million VND/tael (buying - selling), down 1.5 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.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 154.5-157.5 million VND/tael (buying - selling), down 1.5 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 the threshold of 154.2-15.72 million VND/tael (buying - selling), down 1.3 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.
Currently, the buying - selling price difference of gold is at a very high level, around 3 to 3.5 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:30 am, world gold prices were listed around the threshold of 4,483.4 USD/ounce, down 40.7 USD compared to the previous day.
Gold price forecast
World gold prices are under adjustment pressure as many unfavorable factors appear together. Crude oil increases sharply, US bond yields rise and the USD remains high, causing the attractiveness of precious metals to decline in the short term.
In addition, the US-Iran negotiation process has not yielded clear results, continuing to increase concerns about inflation, thereby strengthening expectations that interest rates will remain high.
According to analysts, developments in the Middle East are still the biggest variable for the precious metals market. Rising oil prices may lead to input costs and inflation, making it difficult for the US Federal Reserve (Fed) to soon ease monetary policy. This is a disadvantage for gold, because a high interest rate environment increases the cost of opportunity to hold unprofitable assets.
Newly released US economic data also put more pressure on gold. The ISM manufacturing index in May rose to 54 points, marking the fifth consecutive month of expansion and the highest level since May 2022. Construction spending in April also increased, showing that economic activity still maintains positive momentum. As the US economy still shows resilience, the market has more reason to lean towards a more cautious Fed scenario with interest rate cuts.
Experts at Heraeus believe that gold and silver prices are "stuck" in the wave zone established from the early stages of the US-Iran conflict. This analysis group believes that precious metals have been under pressure as tensions escalate, due to investors' concerns about rising inflation and possible interest rates being raised. However, if the agreement related to the Strait of Hormuz is not signed soon, market attention will return to the Fed and monetary policy prospects.
Technically, the 4,500 - 4,514 USD/ounce zone is the near resistance level of gold prices. If it sustainably surpasses this zone, the price may head towards higher levels around 4,546 - 4,550 USD/ounce. Conversely, if it loses the support zone of 4,446 USD/ounce, the precious metal may fall back to 4,420 USD/ounce, even 4,400 USD/ounce.
Domestically, the buying-selling ratio is still high. Investors need to be cautious, avoiding the fear of missing opportunities (FOMO) when prices fluctuate sharply, especially in the context that world gold prices may continue to be under pressure from crude oil, bond yields and the Fed's interest rate policy.
Gold price data is compared to the previous day.
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