SJC gold bar price
As of 9:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 147-150.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 900,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 147.5-150.5 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 the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 146.5-150 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 gold ring price
As of 9:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 147-150 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
DOJI Group listed gold ring prices at 147.4-150.4 million VND/tael (buying - selling), down 1 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 the threshold of 146.5-150 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
World gold price
At 9:00 AM, world gold prices were listed around the threshold of 4,142.4 USD/ounce, down 34 USD/ounce.
Gold price forecast
World gold prices are entering a period of fluctuation as investors are simultaneously considering the prospects of US monetary policy and geopolitical developments in the Middle East region. After a strong recovery last weekend, profit-taking selling pressure reappeared, while the 4,200 USD/ounce zone continues to play a noteworthy resistance role.
The focus of the market is currently on the minutes of the most recent meeting of the US Federal Reserve (Fed). Investors expect this document to provide more clues about policymakers' views on inflation, growth and the interest rate roadmap in the last months of the year.
Mr. Ole Hansen - Commodity Strategy Director at Saxo Bank - said that strong selling pressure lasting for many months may have passed the most serious stage. According to him, the gold market is shifting from a sell-off to accumulation and creating a new price base.
However, Mr. Hansen noted that the process of forming a sustainable bottom may take more time. The fact that gold prices recovered to nearly 4,200 USD/ounce but quickly encountered selling pressure shows that a part of investors are still taking advantage of the increases to reduce their holdings. According to this expert, the area below 4,000 USD/ounce has so far created support, but the market needs to overcome higher technical resistance levels to strengthen recovery prospects.
In the short term, the 4,200 USD/ounce zone is considered the first resistance level. If it convincingly crosses this zone, gold prices may head towards the 4,260 USD/ounce zone and higher levels. Conversely, if selling pressure increases, the 4,091-4,000 USD/ounce zone will be an important support area to monitor.
The diễn biến of the USD, US government bond yields and tensions around the Strait of Hormuz continue to be factors that could cause gold prices to fluctuate sharply in the coming sessions.
Gold price data is compared to the previous day.
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