SJC gold bar price
As of 9:10 am, SJC gold bar prices were listed by DOJI Group at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 163-166 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 Jewelry Group listed SJC gold bar prices at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 9:00 AM, DOJI Group listed the price of gold rings at 162.5-165.5 million VND/tael (buying - selling), down 500,000 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 gold ring prices at the threshold of 163-166 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 162.5-165.5 million VND/tael (buying - selling), unchanged 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 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:00 AM, world gold prices were listed around the threshold of 4, 578.5 USD/ounce, down 20.1 USD compared to the previous day.
Gold price forecast
World gold prices are under adjustment pressure in the context that the monetary policy of the US Federal Reserve (Fed) shows no signs of easing. However, the decline is not considered too negative as the market still maintains long-term supporting factors.
In his latest statement, Fed Chairman Jerome Powell said that the agency "does not rush to change its policy stance" amidst a still uncertain economic context. According to him, the current interest rate of around 3.5% has approached the neutral zone, allowing the Fed to flexibly adjust according to economic developments. This message makes the gold market not fluctuate strongly, but it is not enough to create a clear upward momentum.
In fact, pressure on precious metals still comes from high US bond yields and stronger USD, reducing the attractiveness of non-performing assets like gold. In addition, short-term technical factors are also less positive, making speculative cash flow appear cautious.
However, many analysts believe that gold still has a solid supporting foundation. The risk of inflation returning due to rising energy prices, especially in the context of geopolitical tensions, continues to be a factor supporting the market.
Notably, the buying activity of central banks is increasing sharply. According to the World Gold Council, net buying in the first quarter reached 244 tons - the highest level in more than a year, showing that the gold accumulation trend is still very clear.
Strategist John Reade said that the adjustment of gold prices from the peak has created an opportunity for central banks to "buy in large-scale", thereby contributing to consolidating the price level.
Technically, gold prices are still fluctuating in a wide range. The important support level is determined around 4,500 USD/ounce, while the near resistance zone is at 4,700 USD/ounce. In the short term, the market may continue to fluctuate as investors wait for clearer signals from monetary policy and inflation developments.
In general, despite facing adjustment pressure, gold still plays a role as a haven against global economic and political risks.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
