SJC gold bar price
As of 9:30 am, SJC gold bar prices were listed by DOJI Group at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 182.2-185 million VND/tael (buying - selling), an increase of 1.4 million VND/tael on the buying side and an increase of 1.2 VND/tael on the selling side. The difference between buying and selling prices is at 2.8 million VND/tael.
9999 gold ring price
As of 9:30 am, DOJI Group listed the price of gold rings at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 182-185 million VND/tael (buying - selling), an increase of 1.2 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 9:30 am, world gold prices were listed around the threshold of 5,172 USD/ounce, up 43.3 USD compared to the previous day.
Gold price forecast
World gold prices rose again in the most recent trading session after a series of US economic data sent out less positive than expected signals. The February jobs report showed that the US economy lost about 92,000 non-farm jobs, reversing the increase of the previous month. The unemployment rate also increased to 4.4%, higher than market forecasts.
This development makes many investors believe that the US Federal Reserve (Fed) may have to consider easing monetary policy to support the economy. Expectations for interest rate reductions are often seen as a factor supporting gold prices, because a low interest rate environment reduces the opportunity cost when holding precious metals.
In addition, geopolitical tensions in the Middle East continue to be a significant factor affecting the market. Developments related to Iran and the risk of disruption to global energy supplies have increased risk prevention sentiment. International crude oil prices rebounded sharply, while cash flow tends to turn to safe-haven assets such as gold.
However, some experts believe that in periods of strong fluctuations, cash flow may prioritize highly liquid assets such as the USD or US government bonds. This may put pressure on gold prices to adjust in the short term, although long-term prospects are still positively assessed.
Mr. Thorsten Polleit - Honorary Professor of Economics at the University of Bayreuth, recommends that investors should approach the gold market with a long-term vision. According to him, those who are considering buying gold at the current stage can still participate in the market if they determine to hold for a period of two to three years or more.
From an analysis perspective, Metals Focus experts believe that the upward momentum of gold due to geopolitical shocks usually does not last long. However, the risk of the spread of conflict in the Middle East and the risk of disruption to global energy supply may still create momentum for the precious metal in the near future.
Technically, the gold market is moving towards testing important resistance zones around 5,200-5,250 USD/ounce. Meanwhile, the notable support level is in the 5,000 USD/ounce area. If this price zone is maintained, the upward outlook for gold in the short term is still positively assessed.
Gold price data is compared to the previous day.
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