SJC gold bar price
As of 9:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 145-148.4 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.4 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 145.4-124.4 million VND/tael (buying - selling), an increase of 2 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 145-148 million VND/tael (buying - selling), an increase of 2.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3 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 145-148 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
DOJI Group listed the price of gold rings at 145.4-124.4 million VND/tael (buying - selling), an increase of 2 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 145-148 million VND/tael (buying - selling), an increase of 2.5 million VND/tael on the buying side and an increase of 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
World gold price
At 8:45 am, world gold prices were listed around the threshold of 4,050.2 USD/ounce, up 74.8 USD/ounce.
Gold price forecast
World gold prices opened the third quarter with a remarkable recovery, although the market is still under pressure from the stronger USD and US Treasury bond yields remaining at a high level.
After the North American cash trading session on Wednesday, spot gold increased by about 0.75%, to nearly 4,036.90 USD/ounce. Previously, this precious metal once fluctuated in the range of 3,959.40 - 4,115.90 USD/ounce in New York, showing that buying power still appeared every time the price tested the support zone around 4,000 USD/ounce.
The focus of the market today is the US June non-farm payroll report. Private sector jobs data only increased by 98,000 jobs, lower than expected and decreased compared to the previous month, while the market forecasts that the official report may record about 110,000 new jobs. This puts gold in front of a two-way fluctuation scenario.
If job data is stronger than forecast, the USD and bond yields may continue to rise, increasing the risk of the Fed maintaining tight monetary policy and putting pressure on gold. Conversely, if data is weaker, interest rate cut expectations may be strengthened, thereby supporting the recovery momentum of precious metals.
Besides the interest rate factor, the situation in the Strait of Hormuz is also being monitored by the market. Oil flows in the Middle East have recovered faster than expected after the memorandum of understanding between the US and Iran, causing the energy inflation shock to temporarily cool down.
Brent oil prices returned to near the pre-tense zone, while WTI was around 68.58 USD/barrel. This development is somewhat positive for risk assets, but only modestly supports gold because safe-haven demand has not really exploded. However, security risks in Hormuz have not disappeared, especially when transportation volume is still much lower than before the crisis.
Technically, gold needs to sustainably overcome the resistance zone of 4,044 - 4,100 USD/ounce to confirm a stronger upward momentum. If successful, the next target may be 4,200 USD/ounce, and further, 4,370 USD/ounce. Conversely, if the price breaks through the 3,959 USD/ounce zone, selling pressure may pull gold back to 3,900 USD/ounce, or even 3,886 USD/ounce.
In the short term, the trend of gold still leans towards a cautious recovery, but the fluctuation range may widen sharply after US jobs data.
Gold price data is compared to the previous day.
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