SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 156-159 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week's trading (May 24), SJC gold bar price at Saigon SJC Jewelry Company decreased by 2.5 million VND/tael in both buying and selling directions.
Meanwhile, DOJI listed SJC gold price at 156-159 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (May 24), the price of SJC gold bars at DOJI decreased by 2.5 million VND/tael in both buying and selling directions.
If buying SJC gold bars in the May 24th session and selling them in today's session (May 31st), buyers at Saigon Jewelry Company SJC and DOJI will both lose 5.5 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 156-159 million VND/tael (buying - selling), down 2.5 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 155.5-158.5 million VND/tael (buying - selling), down 3 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
If buying gold rings in the May 24th session and selling them in today's session (May 31st), buyers at DOJI will lose 5.5 million VND/tael, while the loss when buying at Phu Quy is 6 million VND/tael.
World gold price
Closing the weekly trading session, world gold prices were listed at 4,531.3 USD/ounce, down 29.8 USD compared to a week ago.
Gold price forecast
World gold prices are in a state of fluctuation, as investors simultaneously monitor geopolitical developments in the Middle East, the outlook for US monetary policy and a series of important economic data about to be released. Despite being under adjustment pressure during the week, the precious metal still shows the ability to maintain its price base when buying power reappears in technical support zones.
According to Kitco News' weekly gold survey, sentiment on Wall Street has shifted to more positive after the weekend recovery of gold prices. Among 12 analysts participating in the survey, 9 people, equivalent to 75%, predicted gold prices would increase next week; 2 people, equivalent to 17%, thought prices would decrease; and 1 person else predicted prices would remain flat.
In the group of individual investors, sentiment is more cautious. In 39 online surveys, 17 people, equivalent to 44%, expect gold prices to increase; 10 people, equivalent to 26%, forecast prices to decrease; 12 people, equivalent to 31%, believe that prices will move sideways next week. This development shows that Wall Street analysts are leaning more towards a recovery scenario, while small investors are still differentiated after strong fluctuations.
Mr. Marc Chandler - Managing Director of Bannockburn Global Forex - said that gold has recovered along with risky assets, in the context of the market expecting a ceasefire in the Middle East to be extended.
According to this expert, the fact that gold prices regained their upward momentum after breaking through the 200-day moving average is a noteworthy sign. He believes that if the price exceeds the 4,585 USD/ounce range, the technical picture of the precious metal will become more positive.
Meanwhile, Mr. Bob Haberkorn - senior market strategist at StoneX - said that the gold market is still strongly dominated by mixed information, making it difficult for investors to trade with high confidence. According to him, the US Federal Reserve (Fed) will be an important orientation factor for gold prices in the second half of the year.
This expert believes that investors need to patiently wait for more signals about interest rate policy, while the long-term outlook for the precious metal still has a positive basis if the Fed sends a softer message.
Next week, the market will focus on US economic data, especially the jobs report, the number of unemployment claims, the PMI index and job data. These data may strongly impact interest rate expectations, thereby directly affecting the diễn biến of gold prices.
Gold price data is compared to a week earlier.
See more news related to gold prices HERE...
