SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at 170-173.5 million VND/tael (buying - selling), down 2.5 million VND/tael on the buying side and down 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 171-174.5 million VND/tael (buying - selling), down 1.3 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 171-174.5 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 9:00 AM, DOJI Group listed gold ring prices at 170-173.5 million VND/tael (buying - selling), down 2.5 million VND/tael on the buying side and down 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 169.5-172.5 million VND/tael (buying - selling), down 2.5 million VND/tael 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 the price of gold rings at 171-174 million VND/tael (buying - selling), down 1.3 million VND/tael 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 9:12 am, world gold prices were listed around the threshold of 4,676 USD/ounce, down 10.9 USD compared to the previous day.
Gold price forecast
After a strong increase in previous sessions, world gold prices are showing signs of slowing down as the market shifts to a more cautious state in the face of new signals from the US related to tensions in the Middle East.
US President Donald Trump's tough message about the possibility of extending the military campaign with Iran has increased defensive sentiment in the financial market, thereby pushing the USD and US bond yields up. These are factors that often put significant pressure on gold - an unprofitable asset.
This development shows that gold prices are currently not only reacting to safe-haven demand, but are also strongly influenced by monetary policy expectations. As oil prices escalate due to concerns about supply risks, inflationary pressure is also returning.
This makes investors assess that the US Federal Reserve (FED) will be more cautious with its interest rate cut plan, thereby weakening the upward momentum of precious metals in the short term.
Mr. Tai Wong - an independent metal trader - said that the current decline is adjusted after two consecutive strong increases. According to him, the market has somewhat overestimated the ability to cool down the conflict quickly, so when a tougher message from the US appeared, gold prices immediately suffered profit-taking pressure.
Sharing the same cautious view, Mr. Lukman Otunuga - senior analyst at FXTM - said that the 4,600 USD/ounce mark is an important support zone for gold prices. If this threshold is clearly broken, the price may retreat to the 4,450 USD/ounce area. Conversely, if it can hold 4,600 USD/ounce, gold still has a chance to recover to the 4,800 USD/ounce zone in the coming sessions.
In general, the short-term outlook for gold prices is still quite sensitive to information related to geopolitical conflicts, energy price fluctuations and US economic data. In the context of high risks, gold may continue to fluctuate strongly, with an upward or downward trend largely depending on whether cash flow prioritizes shelter factors or concerns about interest rates remaining at high levels for longer.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
