SJC gold bar price
As of 10:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 10:00 AM, DOJI Group listed gold ring prices at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 146.2-150.2 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at the threshold of 146.2-149.6 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.8 million VND/tael on the selling side. The difference between buying and selling prices is at 3.4 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 4 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, 438.9 USD/ounce, down 26.4 USD compared to the previous day.
Gold price forecast
Gold prices are under strong downward pressure in the short term as the market adjusts expectations for US monetary policy. The fact that US non-farm payroll data far exceeded forecasts has increased concerns that the US Federal Reserve (Fed) may maintain a tougher stance to control inflation.
According to experts, pressure on gold comes not only from the US labor market. Bond yields are rising and the strengthening USD is reducing the attractiveness of precious metals, which do not bring interest rates. In addition, high oil and food prices are also causing inflationary fears to return, forcing the Fed to be more cautious in upcoming policy meetings.
Mr. Jan Groen - US Chief Economist at Societe Generale - said that the latest jobs data may make the Fed pay more attention to inflation risks when assessing interest rate outlook at the June meeting. Some Fed officials may see this data as a sign that price pressure is still latent.
In the short term, many experts believe that the risk of gold price depreciation is still present. Mr. Ole Hansen - Head of Commodity Strategy at Saxo Bank - said that the March bottom around $4.099/ounce could become a noteworthy technical target if selling pressure continues to increase. Some other opinions even do not rule out the possibility that gold prices will test the $4,000/ounce support zone if the upcoming inflation data is higher than expected.
However, the long-term outlook for gold has not been assessed as negative. Mr. Phillip Streible - Chief Market Strategist at Blue Line Futures - said that the current decline may create buying opportunities for long-term investors, because the foundational factors supporting gold are still there. According to him, safe-haven demand, public debt risk and central bank gold buying activities continue to be factors supporting gold prices.
Similarly, Mr. Robert Minter - ETF Strategy Director at abrdn - believes that deep declines may stimulate buying power from central banks, similar to what happened in March and April. However, short-term investors still need to be cautious in the face of strong market fluctuations.
Gold price data is compared to the previous day.
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