SJC gold bar price
As of 9:40 am, SJC gold bar prices were listed by DOJI Group at the threshold of 154-157 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 the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 154-157 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.
Phu Quy Jewelry Group listed SJC gold bar prices at 154-157 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 9:40 am, DOJI Group listed gold ring prices at 154-157 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 154-157 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.
Phu Quy Jewelry Group listed gold ring prices at 154-157 million VND/tael (buying - selling), down 200,000 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 to 3.5 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:40 am, world gold prices were listed around the threshold of 4,480.1 USD/ounce, down 3.3 USD compared to the previous day.
Gold price forecast
World gold prices are entering a sideways phase after a strong correction. Despite pressure from the USD, US bond yields and interest rate expectations to change, many experts believe that the long-term trend of this precious metal has not been broken.
According to Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank, gold prices fell in May as tensions related to Iran caused energy prices to rise, followed by concerns about inflation, US bond yields rose and the USD strengthened. These factors reduced expectations that the US Federal Reserve (Fed) would cut interest rates soon, thereby disadvantaging gold - an asset that does not yield interest rates.
However, Mr. Hansen believes that the current pressure may only be short-term. As geopolitical fluctuations and energy shocks cool down, investors may return to paying attention to fundamental factors that have supported gold's upward momentum for many years, including central bank buying demand, the trend of foreign exchange reserve diversification, public debt risk and the process of decreasing dependence on the USD.
A noteworthy point is that gold demand from central banks, especially in emerging markets, is still considered an important pillar. Although some countries may sell in the short term to support their domestic currencies or respond to rising energy costs, the general trend is still to increase gold holdings to reduce risks from traditional reserve assets.
From a technical perspective, gold is still considered to have buying support when prices fall back to important areas. This shows that long-term investors have not left the market, although short-term sentiment is still cautious.
Some analysts also believe that the year-end outlook for gold still leans towards an upward trend, especially if the Fed sends softer signals or the USD weakens. Conversely, the biggest risk for gold is that inflation will rise again, forcing the Fed to maintain a tough stance, causing real yields and the USD to continue to linger high.
For domestic investors, experts recommend not chasing purchases when prices fluctuate strongly. The high buying - selling difference can cause buyers to suffer losses in the short term if the market reverses direction.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
