SJC gold bar price
As of 9:45 am, Phu Quy Jewelry Group listed SJC gold bar prices at 137-141 million VND/tael (buying - selling), unchanged in both directions. The buying - selling difference is at 4 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at 137-141 million VND/tael (buying - selling), moving sideways in both directions. The buying - selling difference was at 4 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 1383-142.3 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 9:45 am, Phu Quy Gold and Gems Group listed the price of gold rings at 137-141 million VND/tael (buying - selling), unchanged in both directions. The buying - selling difference is at 4 million VND/tael.
DOJI Group listed the price of gold rings at 137-141 million VND/tael (buying - selling), unchanged in both directions. The buying - selling difference is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 1383-142.3 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
World gold price
At 9:35 a.m., the world gold price was listed at around 4,059.9 USD/ounce, an increase of 18.2 USD/ounce.
Gold price forecast
Developments in July showed that the gold market has not formed a clear upward or downward trend. Although the price recorded the first month of increase since the US-Iran conflict broke out, the increase was insignificant and most of the trading time was still in a state of stalemate. Therefore, the current state is more suitable for a period of accumulation, rather than a new breakthrough.
Technically, the opening and closing prices in July are almost equivalent, creating a candlestick pattern showing the hesitation of both buyers and sellers. However, the noteworthy point is that the bottom price in the month was higher than the pre-set bottom. This is also the area where selling pressure has repeatedly failed to push prices down deeper in recent months. The fact that the price bottoms are continuously protected shows that the market may be forming a relatively solid bottom.
This week, gold prices may continue to fluctuate strongly around the psychological threshold of 4,000 USD/ounce. This level has repeatedly played a supporting role when buying power quickly appears whenever prices fall near or below the above zone. However, the possibility of a strong increase is not really clear, because the USD, bond yields and US monetary policy expectations still put pressure on the precious metal.
Market sentiment is currently quite clearly differentiated. A part of investors expect gold to recover thanks to safe-haven demand and buying activities from central banks. Meanwhile, cautious opinions suggest that prices may need another adjustment before forming a sustainable upward trend. The latest survey results of a precious metals website with Wall Street experts also show that analysts divide equally between up, down and sideways scenarios.
Data on manufacturing, services and especially the US labor market will be the main factors dominating gold prices this week. Strong job data may increase expectations of maintaining tight monetary policy, thereby putting pressure on gold. Conversely, weaker-than-forecast data may support price recovery.
In general, gold is likely to continue to accumulate in a wide range. The 4,000 USD/ounce zone is still an important support level, while the market needs to surpass recent peaks to confirm a new upward trend.
Gold price data is compared to the previous day.
The information in the article is for reference only, reflecting market developments at the time of recording and not an investment recommendation. Investors need to carefully consider their financial capacity, personal goals and related risks before making a decision to buy or sell gold.
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