SJC gold bar price
As of 9:12 am, SJC gold bar prices were listed by DOJI Group at the threshold of 170.5-173.5 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.
SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 172-175 million VND/tael (buying - selling), not updated with the new price compared to the previous day. The difference between buying and selling prices is at the threshold of 3 million VND/tael. This unit announced that it will open the trading session on March 26 at 12:00 after temporarily suspending trading to coordinate with functional agencies in verifying and clarifying some information.
Phu Quy Jewelry Group listed SJC gold bar prices at 170.5-173.5 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 3 million VND/tael.
9999 gold ring price
As of 9:12 am, DOJI Group listed the price of gold rings at 170.5-173.5 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 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 172.5-175.5 million VND/tael (buying - selling), without updating the new price compared to the previous day. 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 170.5-173.5 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 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 9:13 am, world gold prices were listed around the threshold of 4,530.7 USD/ounce, down 56.5 USD compared to the previous day.
Gold price forecast
World gold prices are maintaining a strong fluctuation trend as they are interspersed with impacts from many macroeconomic factors. The weakening USD and falling US bond yields have supported the precious metal's recovery in the short term. However, market developments show a paradox when gold does not fully respond to the traditional "safe haven formula".
Experts believe that the gold market is currently greatly affected by inflation expectations and geopolitical situation, especially tensions in the Middle East. When signs of conflict cooling appear, investors tend to expect inflationary pressure to decrease, thereby promoting buying power back to gold.
However, the inflation risk has not disappeared. The recent unfavorable developments in US bond auctions show that investors are still concerned about the possibility of prolonged inflation, especially in the context of volatile energy prices. Along with that, the view of the US Federal Reserve (FED) of keeping interest rates at a high level for a long time continues to be a factor putting pressure on precious metals.
Notably, according to Mr. Robin Brooks - an expert at the Brookings Institution, unusual fluctuations in gold in recent times do not lose its shelter role, but reflect changes in the investor structure. "The buyer base has expanded, making gold tend to trade more like risky assets in the short term," he said.
Meanwhile, Ms. Suki Cooper - Global Commodity Research Director at Standard Chartered - said that the recent downward pressure mainly comes from liquidity demand. "Investors may continue to sell gold in the next 4-6 weeks to meet margin requirements or portfolio restructuring" - she said.
However, in the medium and long term, many factors are still supporting gold prices. Potential inflation, geopolitical risks and the trend of global fiscal easing are assessed as the foundation to help the precious metal maintain its attractiveness.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
