9999 gold ring price
As of 9:10 am, Ancarat listed the price of 9999 Tich Tai Gold Ring at the threshold of 144.7-147.7 million VND/tael (buying - selling), down 600,000 VND/tael on both buying and selling sides. The buying - selling difference is at 3 million VND/tael.
DOJI Group listed the price of gold rings at 145-149 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
The price of gold rings was listed by Bao Tin Minh Chau at the threshold of 145.3-149.3 million VND/tael (buying - selling), an increase of 800,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
SJC gold bar price
As of 9:10 am, Phu Quy listed SJC gold bar prices at the threshold of 144.4-147.4 million VND/tael (buying - selling), down 300,000 VND/tael and down 1 million VND/tael on the selling side. The buying - selling difference is at 3 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI at the threshold of 144.4-147.4 million VND/tael (buying - selling), down 1.3 million VND/tael in both buying and selling directions. The buying - selling difference was at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 145.3-149.3 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.
Jewelry gold price
As of 9:10 am, Ancarat listed the price of 24K 9999 Gold Jewelry at the threshold of 139.7-147.7 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions.
DOJI listed 9999 jewelry gold at the threshold of 143-147 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions.
Bao Tin Minh Chau listed Thang Long 9999 Dragon Gold Jewelry at 143.3-148.3 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions.
World gold price
At 9:10 am, world gold prices were listed around the threshold of 4,410.1 USD/ounce, up 103.3 USD compared to the previous day.
Gold price forecast
World gold prices are receiving support from the weakening of US economic data, as the market increases expectations that the US Federal Reserve (Fed) may adjust monetary policy in a more cautious direction. Lower-than-forecast private sector jobs have increased concerns about the recovery momentum of the labor market, thereby boosting cash flow to defensive assets such as gold.
However, the upward momentum of precious metals still faces many obstacles. US government bond yields remain high, while the USD has not lost significant strength. These are factors that can limit gold's breakthrough potential in the short term, because precious metals do not generate regular cash flow and are often under pressure when the opportunity cost of holding increases.
Besides short-term factors, the medium-term outlook for gold continues to be strengthened by structural drivers. Schroders recently raised its assessment of gold, saying that demand from institutions, central banks, along with concerns about public debt, inflation and currency stability are creating a supporting foundation for the precious metal.
One of the factors that the market is interested in is the continued increase in US public debt, raising a need for defense against the risk of declining purchasing power of the USD. In recent years, central banks' gold buying activities have become an important fulcrum, helping to reduce the dependence of gold prices on interest rate fluctuations in the short term.
Technically, gold regaining the 4,400 USD/ounce zone is opening up the possibility of testing higher resistance zones. If it maintains its upward momentum and crosses important resistance levels, gold prices may head towards the 4,487 USD/ounce zone and further to 4,573 USD/ounce. Conversely, if profit-taking pressure increases, the support zone around 4,263 USD/ounce will be the area to be monitored.
In the near future, the market will focus on the US non-farm payroll report for August. A result weaker than expected may strengthen the Fed's ability to slow down policy tightening, creating more momentum for gold.
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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