SJC gold bar price
As of 9:10 am, Phu Quy Jewelry Group listed SJC gold bar prices at 148-151.4 million VND/tael (buying - selling), unchanged 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), unchanged 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 147.5-151 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 400,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
9999 gold ring price
As of 9:10 am, Phu Quy Gold and Gems Group listed the price of gold rings at 148-151 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.
DOJI Group listed gold ring prices at the threshold of 148.4-151.4 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.
Bao Tin Minh Chau listed gold ring prices at the threshold of 147.5-151 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 400,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.
World gold price
At 9:10 a.m., the world gold price was listed at around 4,174.1 USD/ounce, down slightly by 6.3 USD/ounce.
Gold price forecast
World gold prices are receiving significant support after the US jobs report was weaker than expected, causing the USD to decline and reducing pressure on precious metals.
In the last trading session of the week, spot gold prices at one point approached the 4,200 USD/ounce mark, while silver continued to increase more strongly, showing that speculative money is returning to the precious metals market.
However, analysts believe that the upward trend of gold in the short term is still not really certain. The yield of 10-year US Treasury bonds is still hovering near the 4.5% zone, meaning the opportunity cost of holding gold is still high.
Although job data reduces concerns that the Fed will soon tighten even more, the market has not yet ruled out the possibility that interest rates will continue to be maintained at a high level in the near future.
Technically, the 4,200 USD/ounce zone is a noteworthy near resistance level for gold prices. If this zone is sustainably surpassed, the precious metal may head towards higher levels around 4,350 USD/ounce, and further to 4,500 USD/ounce. Conversely, if buying power weakens, the 4,091 USD/ounce and 4,000 USD/ounce zones will be important support levels.
According to HSBC, in the short term, gold prices may continue to move sideways due to the impact of high real yields and a strong USD. However, this bank still maintains a positive outlook on gold in the medium and long term thanks to the need to diversify portfolios, buying power from central banks and capital flows into gold ETF funds.
Mr. James Steel - HSBC's precious metals expert - believes that gold still plays a role as a highly liquid asset, and is also a "guarantee" in periods of volatile financial markets.
State Street Global Advisors also believes that unfavorable factors such as high yields, strong USD and the risk of Fed interest rate hikes have not disappeared. However, gold buying demand from Asia, central banks and portfolio risk hedging roles may continue to support gold prices.
This organization forecasts that gold prices may fluctuate in the 4,750-5,500 USD/ounce range in the next 6-9 months, if long-term supporting factors continue to be maintained.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
