SJC gold bar price
As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at 170.1-173.1 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 170.1-17.31 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1.4 million VND/tael on the selling side. 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 170.1-173.1 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 9:00 AM, DOJI Group listed the price of gold rings at 170.1-173.1 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 1.4 million VND/tael on the selling side. 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 168.1-117.1 million VND/tael (buying - selling), down 1.4 million 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 169.9-172.9 million VND/tael (buying - selling), down 1.1 million 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 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:05 am, world gold prices were listed around the threshold of 4, 626.5 USD/ounce, down 49.5 USD compared to the previous day.
Gold price forecast
Gold prices are forecast to continue to fluctuate strongly in the short term as the international market is still interspersedly affected by geopolitical factors, fluctuations of the USD, US bond yields and investors' defensive sentiment.
After very strong ups and downs, the trend of precious metals is not really clear, especially in the context that cash flow in the market is reacting very quickly to each new signal from US officials and developments related to conflicts in the Middle East.
A noteworthy point is that although gold still holds the role of a safe-haven asset, at some times it is under short-term selling pressure due to increased cash demand, especially when investors simultaneously reduce risks in many markets. Thin liquidity in near-holiday sessions can also cause the price fluctuation range to be amplified, making the daily trend increasingly unpredictable.
Mr. Colin Cieszynski - chief market strategist at SIA Wealth Management - said that he maintains a neutral stance on gold next week, but emphasized that prices may still fluctuate strongly when the market enters a period of liquidity decline. According to this expert, just one unexpected piece of information or a new political signal could cause gold prices to reverse quickly in a very short time.
From a more positive perspective, Mr. Adam Button - Head of Currency Strategy at Forexlive. com - said that the long-term support of gold has not yet disappeared. According to him, every time expectations of the ability to cool down tensions appear, gold quickly attracts buying power back. In addition, the decline in confidence in the USD and prolonged geopolitical instability are still important supporting factors for the precious metal.
In general, in the short term, gold prices may continue to struggle with alternating ups and downs because the market lacks a strong enough catalyst to establish a new trend. However, in the medium and long term, gold still has a basis to be supported if geopolitical risks persist, economic pressure increases and the need for uncertainty hedging continues to remain at a high level.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
