SJC gold bar price
As of 9:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 138.5-142.5 million VND/tael (buying - selling), an increase of 2 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 138.5-142.5 million VND/tael (buying - selling), an increase of 2 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 139.6-143.5 million VND/tael (buying - selling), an increase of 2.5 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 138.5-142.5 million VND/tael (buying - selling), an increase of 2 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 139.5-143.5 million VND/tael (buying - selling), an increase of 2.5 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 gold ring prices at the threshold of 139.6-143.5 million VND/tael (buying - selling), an increase of 2.5 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 9:25 am, world gold prices were listed around the threshold of 4,081.1 USD/ounce, up 58 USD/ounce.
Gold price forecast
Gold prices are receiving support after the US Federal Reserve (Fed) decided to keep the reference interest rate unchanged in the range of 3.5-3.75%. The Fed's failure to raise interest rates has partly eased market concerns, helping gold prices rebound strongly and at times exceed the threshold of 4,100 USD/ounce.
However, developments in the session showed that the precious metal market is still very sensitive. Before the Fed announced its decision, gold prices at one point fell below the 4,000 USD/ounce mark, amid crude oil prices rising nearly 7% after new developments in the Middle East.
Rising energy prices increase the risk of prolonged inflation, thereby strengthening the possibility that US monetary policy will continue to be maintained in a tightening state.
A noteworthy sign is that the decision to keep interest rates unchanged did not receive absolute consensus. Three voting members proposed raising interest rates by another 25 basis points. This development shows that interest rate hike pressure is still present, especially when US inflation is still higher than the target of 2% and energy prices tend to rise.
After the initial strong increase, gold prices quickly narrowed their gains when the message from the Fed press conference was assessed by the market as relatively tough. This shows that the short-term outlook for gold will continue to depend on new data on inflation, employment, economic growth and the diễn biến of the USD.
Technically, the recovery of gold prices after retreating to the support zone around 3,960 USD/ounce shows that buying pressure still appears in low price zones. However, to confirm a clearer upward trend, gold prices need to maintain stability above the 4,080-4,090 USD/ounce zone. If surpassing this zone, the precious metal may continue to test higher levels around 4,100 USD/ounce.
Conversely, if the USD strengthens or the market increases expectations that the Fed will raise interest rates in the upcoming meetings, gold prices may be under adjustment pressure. In the short term, the fluctuation range is forecast to be still large as monetary, inflation and geopolitical factors continuously have opposite impacts.
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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