SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 166-168.5 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 166.3 - 168.8 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 166-168.5 million VND/tael (buying - selling), down 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed the price of gold rings at 165.5-168.5 million VND/tael (buying - selling), down 300,000 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 165.8-168.8 million VND/tael (buying - selling), unchanged 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 165.5-168.5 million VND/tael (buying - selling), down 300,000 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 2.5 to 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:15 am, world gold prices were listed around the threshold of 4,678.4 USD/ounce, down 28.6 USD compared to the previous day.
Gold price forecast
According to Kitco, world gold prices are under short-term adjustment pressure as technical selling pressure appears after a period of hot increase. Some short-term investors tend to take profits when the signals on the chart are no longer as favorable as before.
In addition, the market is also closely monitoring the tense developments in the Middle East, especially information related to the Strait of Hormuz - an important energy transportation route of the world.
A factor of concern is Iran's ability to make a new proposal to reopen the Strait of Hormuz and extend the ceasefire. If tensions cool down, safe-haven demand may decline in the short term, putting pressure on gold prices.
However, if the conflict lasts and continues to affect oil prices, inflationary pressure may return, making the monetary policy outlook of central banks more unpredictable.
This week, the market will focus its attention on a series of policy meetings of major central banks such as the US Federal Reserve (FED), the European Central Bank, the Bank of England, the Bank of Canada and the Bank of Japan.
Most forecasts suggest that these agencies will keep interest rates unchanged, but still maintain a cautious stance in the face of inflation risks due to rising energy prices.
From a technical perspective, the 4,750-4,800 USD/ounce zone is considered a near resistance for gold. If it crosses this zone, the price may head towards the psychological milestone of 5,000 USD/ounce. Conversely, if selling pressure continues to increase, support zones around 4,672 USD/ounce and 4,626 USD/ounce will be noticed.
However, some experts still maintain a positive view of gold in the medium and long term. Mr. Lorenzo Portelli - Director of Cross-Development Strategy at Amundi Investment Institute - believes that the current energy shock is likely to only have a short-term impact on inflation. According to him, in the next 12 months, gold prices still have room to move towards the 5,500 USD/ounce zone.
Experts at Heraeus also believe that if prolonged conflict increases the risk of economic stagnation accompanied by high inflation, this may be a favorable environment for the upward trend of gold to continue. However, in the short term, gold prices may still fluctuate sharply due to profit-taking activities, interest rate expectations and geopolitical developments.
Gold price data is compared to the previous day.
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