SJC gold bar price
As of 10:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 139-143 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 139-143 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions. The buying - selling difference was at 4 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 140.3-144.2 million VND/tael (buying - selling), an increase of 1.4 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.
9999 gold ring price
As of 10:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 139-143 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
DOJI Group listed gold ring prices at the threshold of 140.2-144.2 million VND/tael (buying - selling), an increase of 1.7 million VND/tael 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 140.3-14.42 million VND/tael (buying - selling), an increase of 1.4 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at 3.9 million VND/tael.
World gold price
At 10:05 AM, world gold prices were listed around the threshold of 4,091.7 USD/ounce, up 40 USD/ounce.
Gold price forecast
Gold prices entered the week with many factors creating strong fluctuations. After increasing to 4,091.7 USD/ounce on the morning of July 27, the precious metal is testing an important resistance zone, as investors are waiting for monetary policy decisions and major economic data.
The focus is on the meeting of the US Federal Reserve (Fed). Not only deciding interest rates, the Fed's assessment of inflation, growth and management orientation may affect the USD, bond yields and gold prices. Signs of continuing to maintain tightening policies may put pressure on gold. Conversely, a softer stance will support the demand for holding precious metals.
Besides the Fed, the market is also monitoring the decisions of the Bank of England and the Bank of Japan. A series of US data including consumer confidence, GDP growth, personal spending price index and number of unemployment claims will provide a basis for assessing interest rate outlook.
Technically, gold has maintained the support zone around 4,000 USD/ounce for many weeks. This is an important milestone for the short-term trend. In the opposite direction, the area of 4,080-4,140 USD/ounce is considered a resistance zone. Prices maintaining above 4,100 USD/ounce may expand the increase momentum, while failure in this zone may lead to profit-taking activities.
US bond yields are falling and safe-haven demand from geopolitical risks is supporting gold. However, the high USD, the possibility of longer interest rates and volatile energy prices are still obstacles.
The long-term outlook for gold is still supported by central bank buying activity, asset diversification needs and geopolitical instability. However, analyst Peter Reagan warns investors not to follow forecasts that gold may increase to $6,000-10,000/ounce while ignoring correction risks.
According to Peter Reagan, a more appropriate scenario is that gold prices increase in stages, interspersed with declines. A strong USD, high bond yields and US interest rates maintained at a high level can still limit the upward momentum of the precious metal. Therefore, investors need to be cautious about strong fluctuations this week, especially around the time the Fed announces policy decisions.
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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