SJC gold bar price
As of 9:36 am, SJC gold bar prices were listed by DOJI Group at the threshold of 164.5-167.5 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.
Bao Tin Minh Chau listed at the threshold of 164.5-167.5 million VND/tael (buying - selling), going sideways in both buying and selling directions. 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 the threshold of 164.5-167.5 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.
9999 gold ring price
As of 9:50 am, DOJI Group listed gold ring prices at the threshold of 164.5-167.5 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.
Bao Tin Minh Chau listed at the threshold of 164.5-167.5 million VND/tael (buying - selling), going sideways 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 the threshold of 164.3-167.3 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
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 10:00 AM, world gold prices were listed around the threshold of 4,706.6 USD/ounce, an increase of 82 USD compared to the previous day.
Gold price forecast
World gold prices continued to recover strongly as cash flow returned to the precious metal group in the context of both the USD and oil prices weakening. Positive signals from the negotiation process between the US and Iran also contributed to easing inflation concerns, thereby supporting gold to rise after the adjustment phase at the beginning of the week.
According to analysts, the cooling of oil prices has helped reduce pressure on interest rate expectations of the US Federal Reserve (Fed). This is an important factor because a high interest rate environment is often detrimental to gold - a non-performing asset.
Mr. Kelvin Wong - senior market analyst at OANDA - said that gold is benefiting from the decline in geopolitical risk compensation, pulling oil prices down. According to him, the US confirmation of a fragile ceasefire between Iran and Israel still being maintained has created conditions for the precious metal to recover strongly.
Along with gold, silver and many other precious metals also simultaneously increased sharply. Notably, silver at one point increased by more than 6%, showing that investor sentiment is improving significantly after a period of strong fluctuations due to Middle East tensions and concerns about inflation escalating.
US economic data sending mixed signals continues to make the market cautious. The ADP private sector jobs report shows that the number of new jobs is lower than expected, increasing speculation that the Fed may have to consider loosening monetary policy in the near future. After this data, US bond yields and the USD simultaneously fell, creating more momentum for gold.
However, many experts believe that the trend of gold in the coming time still depends heavily on the Fed's monetary policy rather than mere geopolitical factors.
Ms. Amy Gower - an analyst at Morgan Stanley - said that the sensitivity of gold to current interest rate policies has become the main driving force dominating the market. According to her, if the Fed starts lowering interest rates from 2027 as expected by Morgan Stanley, gold prices may continue to be strongly supported.
Morgan Stanley forecasts gold prices could reach $5,200/ounce by the end of this year. However, the organization also warned that gold could be under pressure if high inflation forces the Fed to extend tight monetary policy.
Investors are currently focusing on monitoring the US non-farm payroll data released this weekend to better assess the Fed's interest rate outlook as well as the next trend of world gold prices.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
