SJC gold bar price
As of 10:00 AM, SJC gold bar prices were listed by DOJI Group at 171-174.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 171-174.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 171-174.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 10:00 AM, DOJI Group listed the price of gold rings at 171-174.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 169.5-172.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 171-174 million VND/tael (buying - selling), unchanged 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 million VND/tael, posing a risk of losses for investors.
World gold price
At 10:00 AM, world gold prices were listed around the threshold of 4,676 USD/ounce, unchanged compared to the previous day.
Gold price forecast
World gold prices are forecast to continue to fluctuate strongly in the short term as the market is still dominated by information related to the Iranian conflict, along with the cautious sentiment of investors.
In the past week, the precious metal once increased very strongly from the 4,400 USD/ounce zone to close to 4,800 USD/ounce, but then quickly turned around and fell deeply when tough statements from the US appeared. In just a short time, gold prices lost more than 100 USD/ounce, showing that the market fluctuation range is at a very large level.
Although recovering somewhat by the end of the week, gold has not yet created a sufficiently solid signal to confirm a sustainable upward trend in the short term.
Current developments show that the market is reacting very strongly to every piece of new information, from political statements, geopolitical expectations to fluctuations in the USD and US bond yields. This makes investors tend to trade more cautiously, instead of aggressively increasing positions.
Kitco's weekly gold survey also reflects a cautious sentiment in the market. Most Wall Street experts maintain the view of balancing risks or choosing to stand by and observe, while the forecast increase and decrease ratios are not too different. This shows that the short-term outlook for gold is still quite unpredictable, especially in the context of the market continuously being affected by non-economic factors.
Mr. Colin Cieszynski - chief market strategist at SIA Wealth Management - said he maintains a neutral stance on gold next week, although prices may continue to fluctuate sharply.
According to this expert, market liquidity is likely to be thinner than normal due to the long holiday, so gold prices may witness rapid reversals according to each news item appearing.
Meanwhile, Mr. Michael Moor - founder of Moor Analytics - leans towards the scenario of gold prices weakening in the short term if they do not soon surpass important technical thresholds.
This view shows that the market is still facing adjustment risks, especially when buying power is not strong enough to help prices maintain the high levels just established.
In general, gold prices in the coming sessions may continue to fluctuate strongly. In the short term, adjustment pressure is still present, and the next trend will largely depend on geopolitical developments, safe-haven cash flow and important US economic data.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
