SJC gold bar price
As of 9:10 am, Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 139.2-14.22 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 139.2-14.2 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling was at 3 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 140.5-144.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 9:10 am, Phu Quy Gold and Gems Group listed the price of gold rings at 139.2-14.2 million VND/tael (buying - selling), down 1.1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
DOJI Group listed the price of gold rings at the threshold of 139.5-143.5 million VND/tael (buying - selling), down 500,000 VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 140.5-144.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
World gold price
At 9:10 am, world gold prices were listed around the threshold of 4,257.1 USD/ounce, down 35.1 USD/ounce.
Gold price forecast
World gold prices are fluctuating around 4,250 USD/ounce as the market balances between the outlook for US monetary policy, the developments of the USD and changes related to tensions in the Strait of Hormuz.
Recent US economic data sends mixed signals. The private sector only created 44,000 jobs in July, a sharp decrease compared to the previous month, showing that recruitment momentum is slowing down. However, the number of initial jobless claims is still below 200,000, while price pressure in the service sector continues to remain high.
This context makes it difficult for the US Federal Reserve (Fed) to balance between the goal of controlling inflation and supporting growth. The possibility of the Fed raising interest rates in September is still being considered by the market, but expectations have decreased compared to the previous week. A fall in US Treasury bond yields may support gold, while a stronger USD continues to put pressure on precious metals.
The 4,250 USD/ounce zone is considered a noteworthy milestone in the short term. If the price remains above this area, the market may continue to focus on signs of weakening of the labor market and the possibility of real yields falling. Conversely, losing the 4,250 USD/ounce mark may increase adjustment pressure, especially when geopolitical risks in the Strait of Hormuz cool down.
The US July non-farm payroll report will be the next important data. Lower-than-forecast jobs and wage data could reduce the Fed's ability to raise interest rates, thereby supporting gold prices. Meanwhile, a more positive than expected report could cause yields and the USD to rise again.
In the medium and long term, UBS believes that gold prospects are still supported by the possibility of falling real interest rates, weakening the USD, capital inflows into ETF funds and central bank buying demand. This organization forecasts that gold prices may reach 5,000 USD/ounce in the first half of 2027.
BCA Research also believes that the most difficult period of the adjustment may have passed. As real yields and the USD no longer increase sharply, the two major drags on gold may gradually turn into supporting factors. However, gold prices are still likely to fluctuate sharply in the face of information about Fed policy, oil prices and geopolitical situation.
Gold price data is compared to the previous day.
The information in the article is for reference only, reflecting market developments at the time of recording and not an investment recommendation. Investors need to carefully consider their financial capacity, personal goals and related risks before making a decision to buy or sell gold.
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