SJC gold bar price
As of 9:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 136.5-140.5 million VND/tael (buying - selling), down 1 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 136.5-140.5 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The difference between buying and selling was at 4 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 137.1-141 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.9 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 136.5-140.5 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
DOJI Group listed gold ring prices at 137-141 million VND/tael (buying - selling), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 4 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 137.1-141 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.
World gold price
At 9:10 am, world gold prices were listed around the threshold of 4,023.1 USD/ounce, down 23.4 USD/ounce.
Gold price forecast
World gold prices continue to face downward pressure as investors are cautious about the Fed's interest rate decision. The precious metal is retreating to an important support zone around the 4,000 USD/ounce mark, amid market concerns about the possibility of maintaining tight monetary policy for a longer time.
Recent developments show that interest rate expectations are becoming a more dominant factor than traditional gold drivers. While oil prices are cooling down, geopolitical tensions are showing signs of easing, the USD still maintains its strength, making it difficult for gold to find new buying power.
The market is currently focused on the Fed's policy meeting. Most investors expect interest rates to continue to be maintained, but the possibility of the Fed issuing a tougher signal still makes traders cautious. If the US central bank maintains its priority view of controlling inflation, the USD and bond yields may continue to put pressure on gold prices.
In the most recent session, although US government bond yields and oil prices both decreased, gold still went down. This shows that cash flow in the market has not yet returned strongly to safe-haven assets, as investors are waiting for more clear signals from monetary policy.
Technically, gold prices are fluctuating in a sensitive zone after many months of forming a downward trend with price peaks gradually decreasing. The 4,000 USD/ounce zone is considered an important support threshold. If it penetrates this zone, selling pressure may increase and pull prices back to lower zones around 3,960-3,940 USD/ounce.
In the opposite direction, if the Fed issues a softer-than-expected message, interest rate expectations may return, creating momentum to help gold recover. At that time, the 4,040-4,070 USD/ounce zone will be the resistance area to be overcome to consolidate the upward trend again.
In addition to deciding interest rates, investors will also monitor more upcoming US economic data, including GDP growth and inflation. New signals about the health of the economy may continue to affect the Fed's policy expectations and gold price orientation in the coming time.
In the domestic market, SJC gold and gold rings prices are decreasing according to the world trend. In the short term, the diễn biến of international gold prices, especially the reaction after the Fed meeting, will be an important factor determining the next trend of the market.
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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