Updated SJC gold price
As of 9:45 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.8-119 1.8 million VND/tael (buy in - sell out), down 1.5 million VND/tael for both buying and selling.
The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 117.8-119 million VND/tael (buy - sell), down 1.5 million VND/tael for both buying and selling.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.8-119 million VND/tael (buy - sell), down 1.5 million VND/tael for both buying and selling. The difference between buying and selling prices is at 2.7 million VND/tael.
Phu Quy Gold and Stone Group listed the price of SJC gold bars at 116.8-119 1.8 million VND/tael (buy in - sell out), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 round gold ring price
As of 9:45 a.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 112.5-115 million VND/tael (buy in - sell out), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 116-119 million VND/tael (buy - sell), down 600,000 VND/tael for buying and down 700,000 VND/tael for selling. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 113-116 million VND/tael (buy - sell), down 1.5 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 9:00 a.m., the world gold price listed on Kitco was around 3,265.6 USD/ounce, up 26 USD.
Gold price forecast
Many Wall Street experts believe that downward pressure on gold prices is still dominant after two consecutive weeks of decline in this precious metal.
Darin Newsom - senior expert at Barchart.com predicted that gold prices this week will tend to decrease: Technical analysis shows that the June gold contract is still in a downtrend. If the US Federal Reserve (FED) keeps interest rates unchanged, it could support the USD and put more pressure on gold.
Michael Moor - founder of Moor Analytics commented that gold is in the final stage of a long-term increase cycle. He said prices have reached the maximum down threshold according to his model and are temporarily stagnant, but the main trend is still down.
Sharing the same view, Mark Leibovit - founder of VR Metals/Resource Letter - said he is holding counterpart ETFs such as GLL and ZSL to hedge against downside risks.
On the other hand, Jim Wyckoff - senior analyst at Kitco expects gold to recover slightly thanks to technical buying power after strong selling pressure last week.
Adam Button - Head of currency strategy at Forexlive.com assessed that the market is expecting too much from trade agreements. If the US does not cut taxes deep enough, major partners will not agree. That could make gold bounce back, he said.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
