SJC gold bar price
As of 9:07 am, SJC gold bar prices were listed by DOJI Group at the threshold of 153.5-156.5 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 the threshold of 153.5-156.5 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.
Phu Quy Jewelry Group listed SJC gold bar prices at 153.5-156.5 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.
9999 gold ring price
As of 9:07 am, DOJI Group listed gold ring prices at the threshold of 153.5-156.5 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 the price of gold rings at the threshold of 153.5-156.5 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.
Phu Quy Gold and Gems Group listed the price of gold rings at 153.5-156.5 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.
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 8:45 am, world gold prices were listed around the threshold of 4,465.3 USD/ounce, down 14.8 USD compared to the previous day.
Gold price forecast
World gold prices are under pressure in the context of many unfavorable factors appearing together. Newly released data shows that the US service sector continues to expand better than forecast, increasing expectations that the US economy will still maintain its resilience.
According to the US Institute for Supply Management (ISM), the PMI service index for May reached 54.5 points, up from 53.6 points in the previous month and higher than analysts' forecasts.
Usually, positive economic data may reduce the attractiveness of gold, because investors tend to expect the US Federal Reserve (Fed) to be more cautious in loosening monetary policy. In addition, the strengthening USD and the 10-year US Treasury bond yield maintained around 4.5% continue to put pressure on the non-performing precious metal.
Mr. Steve Miller - Chairman of the ISM Business Survey Committee - said that the price index in the service sector has increased to 71.3 points, the highest level since August 2022.
This shows that cost pressure is still noteworthy, especially when oil-related products are starting to be mentioned as price-increasing commodities. According to him, business operations and new orders both improved, while the job index continued to shrink for the third consecutive month.
On the supporting side, the gold buying demand of central banks is still an important factor helping gold prices limit their deep decline. According to the World Gold Council (WGC), after net selling in March, central banks returned to net buying 17 tons of gold in April.
Ms. Marissa Salim - senior research expert for the Asia-Pacific region at WGC - said that Poland continued to be the country that bought the most gold in the month, while China extended its gold buying streak to 18 consecutive months.
However, in the short term, gold prices still face many fluctuations. US-Iran tensions increase safe-haven demand, but the sharp increase in oil prices leads to concerns about inflation, supporting the USD and bond yields.
Technically, the 4,460 - 4,500 USD/ounce zone is considered a near resistance level for gold prices. If it crosses this zone, the precious metal may head towards higher levels. Conversely, if it loses the support zone around 4,438 USD/ounce, adjustment pressure may continue.
Gold price data is compared to the previous day.
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