SJC gold bar price
As of 9:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 148-151.4 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.4 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 148.4-151.4 million VND/tael (buying - selling), an increase of 3 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.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 148.4-151.4 million VND/tael (buying - selling), an increase of 3.4 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.
PNJ adjusted sharply up the price of SJC gold bars to the threshold of 148.4-151.4 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3 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 148-151.4 million VND/tael (buying - selling), an increase of 3 million VND/tael on the buying side and an increase of 3.4 million VND/tael on the selling side. The difference between buying and selling prices is at 3 million VND/tael.
DOJI Group listed gold ring prices at the threshold of 148.4-151.4 million VND/tael (buying - selling), an increase of 3 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.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 148.4-151.4 million VND/tael (buying - selling), an increase of 3.4 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.
PNJ also adjusted the price of gold rings sharply up to the threshold of 148.4-151.4 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3 million VND/tael.
World gold price
At 9:10 am, world gold prices were listed around the threshold of 4,180.4 USD/ounce, up 130.2 USD/ounce.
Gold price forecast
World gold prices are showing efforts to recover after a period of strong correction, as a series of new US economic data released changes investors' expectations about the monetary policy of the US Federal Reserve (Fed).
The weaker-than-expected June jobs report has dragged the USD down, while reducing concerns that the Fed may soon tighten policy. This is an important supporting factor helping gold regain the above 4,100 USD/ounce zone.
According to analysts, the US labor market is sending less positive signals. The number of new jobs in June only reached 57,000, much lower than the forecast of 150,000. Although the unemployment rate decreased to 4.2%, some experts believe that this mainly comes from the shrinking labor force, rather than reflecting the sustainable improvement of the economy.
Mr. Philip Streible said that the Fed is likely to find it difficult to raise interest rates by the end of this year. According to him, when investors realize this possibility, gold may continue to be supported. This expert also believes that the recent adjustment has created new opportunities for investors to return to the market, although more signals are still needed to confirm the bottom zone.
From a technical perspective, Mr. David Morrison - senior market analyst at Trade Nation - believes that gold is likely to have formed a short-term bottom. The fact that the price has repeatedly fallen below 4,000 USD/ounce but still maintained the support zone around 3,950-3,960 USD/ounce is a noteworthy sign. According to him, if the FED's interest rate hike expectation continues to cool down in the coming months, the precious metal will have more momentum to recover.
In addition to the interest rate factor, the demand for gold from central banks continues to be a long-term pillar. Recent surveys by OMFIF and the World Gold Council show that many central banks still want to increase gold reserves in the next 12 months, in order to diversify assets and reduce dependence on the USD.
In the short term, the near resistance zone of gold prices is around 4,162-4,214 USD/ounce. If this zone is surpassed, the price may head towards higher levels. Conversely, if profit-taking pressure returns, the 3,959 USD/ounce zone will be a noteworthy support.
Gold price data is compared to the previous day.
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