SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 163-166 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 (April 26), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 3.3 million VND/tael on the buying side and decreased by 2.8 million VND/tael on the selling side.
Meanwhile, DOJI listed SJC gold price at 163-166 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (April 26), the price of SJC gold bars at DOJI decreased by 3.3 million VND/tael on the buying side and decreased by 2.8 million VND/tael on the selling side.
If buying SJC gold bars in the session on April 26 and selling them in today's session (May 3), buyers at Saigon SJC and DOJI Jewelry Company both lost 5.8 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 163-166 million VND/tael (buying - selling), down 2.8 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 163-166 million VND/tael (buying - selling), down 2.8 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 session on April 26 and selling them in today's session (May 3), buyers at DOJI and Phu Quy will lose 5.8 million VND/tael.
World gold price
Closing the weekly trading session, world gold prices were listed at 4,613.4 USD/ounce, down 95.4 USD compared to a week ago.
Gold price forecast
World gold prices are showing signs of stabilizing again after ending the trading week in a state of stalemate, as support from weaker-than-expected US economic data begins to take effect.
A recent US manufacturing report shows that growth slowed down, although still in the expansion zone. This pulled down US government bond yields, thereby reducing pressure on non-performing assets such as gold.
Along with that, the slight weakening of the USD index and the cooling of oil prices compared to the recent peak also contributed to improving market sentiment. These factors are creating conditions for the precious metal to maintain its current price range, instead of continuing to fall deeply as in the previous period.
However, the global monetary policy picture is still the factor dominating the long-term trend. After a series of meetings of the US Federal Reserve (FED), the European Central Bank (ECB) and the Bank of England (BoE), the common message is that policymakers are not in a hurry to ease. This makes the expectation of interest rate cuts continue to be delayed, thereby reducing the attractiveness of gold in the medium term.
However, many experts still maintain a positive view on the prospects of the precious metal. Mr. James Stanley - senior market strategist at Forex.com - said that the overall upward trend of gold is still maintained, as the fundamental factors have not changed significantly.
Meanwhile, Mr. Darin Newsom - analyst at Barchart. com - believes that gold may record a short-term recovery thanks to improved technical signals and buying power returning after corrections.
From a market perspective, geopolitical developments in the Middle East, especially related to the US-Iran conflict, are still important variables. If oil prices continue to stabilize or cool down, inflationary pressure may decrease, creating more room for gold to recover. Conversely, any unexpected fluctuations from this region could quickly reverse the market.
In general, in the context of intertwined supporting and risk factors, gold prices are likely to continue to fluctuate in a narrow range in the short term, before forming a clearer trend according to the developments of global monetary and economic policy.
Gold price data is compared to a week earlier.
See more news related to gold prices HERE...
