SJC gold bar price
As of 9:50 am, SJC gold bar prices were listed by DOJI Group at the threshold of 169.5-172.5 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. 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 170.1-173.1 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.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 169.2-172.5 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 600,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.
9999 gold ring price
As of 9:50 am, DOJI Group listed gold ring prices at the threshold of 169.3-172.4 million VND/tael (buying - selling), down 800,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.1 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), unchanged 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 169-172 million VND/tael (buying - selling), down 900,000 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 9:50 am, world gold prices were listed around the threshold of 4,651.1 USD/ounce, up 34.6 USD compared to the previous day.
Gold price forecast
World gold prices are receiving certain support from safe-haven demand as tensions in the Middle East have not shown signs of cooling down. However, the upward momentum of the precious metal is still restrained by the strength of the USD, high US bond yields and profit-taking sentiment after a period of hot growth.
In the first trading session of the week, gold recorded a sideways movement. The market was supported by buying activities according to technical signals and the need to hedge against geopolitical instability.
However, the upward momentum was not too strong as US stocks recovered, somewhat reducing the attractiveness of gold. Along with that, the positive US jobs report last weekend continued to strengthen the cautious view of the US Federal Reserve (Fed) on the roadmap for interest rate cuts.
Mr. Kelvin Wong - senior market analyst at OANDA - said that the gold market is currently waiting for more new information that may have a strong impact on the price trend, especially in the context that investors are closely following developments related to the US-Iran conflict.
This makes it likely that gold prices will continue to fluctuate strongly in the short term, especially when new political statements or military signals appear.
From a long-term perspective, Ms. Emily Avioli - Vice President and Investment Strategist at Merrill - said that the foundational factors that supported gold to increase sharply in the past have not disappeared.
According to her, the recent adjustment pressure mainly comes from position restructuring activities, expectations of interest rate changes and the upward momentum of the greenback, rather than the weakening of basic demand for gold.
Ms. Avioli believes that after a period of too rapid increase, it is not unusual for gold to enter a correction and accumulation phase. In the long term, concerns about inflation, large fiscal deficits and the trend of diversifying foreign exchange reserves of central banks are still factors that can support gold prices.
In the short term, analysts believe that gold will continue to be interspersedly affected by geopolitical tensions, the diễn biến of oil prices, the USD and US bond yields. If the Fed maintains a high interest rate stance longer than expected, gold may still face fluctuation pressure. However, in the context of global instability that has not cooled down, the precious metal is still considered a noteworthy risk hedging channel.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
