SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold price at 145.5-148.5 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (June 21), SJC gold bar price at Saigon SJC Jewelry Company increased by 1.3 million VND/tael in both buying and selling directions.
Meanwhile, DOJI listed SJC gold price at the threshold of 145.5-148.5 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (June 21), SJC gold bar price at DOJI increased by 1.3 million VND/tael in both buying and selling directions.
If buying SJC gold bars in the June 21 session and selling them in today's session (June 28), buyers at Saigon Jewelry Company SJC and DOJI will both lose 1.7 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at the threshold of 145.5-148.5 million VND/tael (buying - selling), an increase of 1.3 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 145-148 million VND/tael (buying - selling), an increase of 2 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.
If buying gold rings in the session on June 14 and selling them in today's session (June 20), buyers at DOJI will lose 1.7 million VND/tael, while the loss when buying at Phu Quy is 1.5 million VND/tael.
World gold price
Closing the week's trading session, world gold prices were listed at 4,088.6 USD/ounce, down 66.1 USD compared to a week ago.
Gold price forecast
The world gold market is entering a decisive trading week as gold prices are fiercely struggling around the important psychological support level of 4,000 USD/ounce.
The biggest pressure on precious metals today comes from the "hawkish" move of the US Federal Reserve (Fed). Although tensions in the Strait of Hormuz have cooled down partly to ease the energy market, concerns about inflation remain persistent.
The market's increasing belief in the possibility that the Fed will have another wave of interest rate hikes from now until the end of the year is adding strength to the USD, while blurring the attractiveness of gold.
Assessing short-term risks, Mr. Christopher Vecchio - Strategy Director at Tastylive is cautious: "Everything currently depends on capital costs and short-term interest rates. For gold investors at this time, the most important indicator to watch is the yield of 2-year term bonds. If the Fed actually continues its interest rate hike path, it is entirely possible that gold prices will lose the $4,000 mark and fall deeper to the $3,000/ounce price range.
Next week, the focus of global investors will be on the US Nonfarm Payrolls report. Because the US financial market is on Independence Day on Friday, this data will be released early on Thursday.
Mr. Lukman Otunuga - Senior Market Analyst at FXTM, said that macroeconomic data this week will be the guiding principle for gold's path: "A strong jobs report - especially as World Cup recruitment waves may push figures higher than expected - will further strengthen the Fed's monetary tightening view. If this scenario occurs, gold will face new sell-off pressure below $4,000.
Despite facing short-term risks, many experts still maintain the view that the threshold below 4,000 USD/ounce is opening up attractive long-term accumulation opportunities. Technically, if the buying side successfully defends this support level, the recovery momentum may bring gold prices back to test the resistance zones of 4,100 - 4,250 USD/ounce in the near future.
Gold price data is compared to a week earlier.
See more news related to gold prices HERE...
