SJC gold bar price
As of 9:05 am, SJC gold bar prices were listed by DOJI Group at the threshold of 174-177 million VND/tael (buying - selling), an increase of 4.5 million 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 the threshold of 174-177 million VND/tael (buying - selling), an increase of 3.9 million VND/tael 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 173.8-177 million VND/tael (buying - selling), an increase of 4.6 million VND/tael on the buying side and an increase of 4.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.2 million VND/tael.
9999 gold ring price
As of 9:05 am, DOJI Group listed gold ring prices at the threshold of 174-177 million VND/tael (buying - selling), an increase of 4.7 million VND/tael on the buying side and an increase of 4.6 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 173-176 million VND/tael (buying - selling), an increase of 4.9 million VND/tael 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 173.5-176.5 million VND/tael (buying - selling), an increase of 4.5 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 9:50 am, world gold prices were listed around the threshold of 4,815.7 USD/ounce, up 164.6 USD compared to the previous day.
Gold price forecast
After the very strong increase in world gold prices, the outlook for precious metals is being closely monitored by the market, especially when geopolitical factors and monetary policy expectations simultaneously affect investor sentiment.
The biggest driver supporting gold prices comes from information about a two-week ceasefire between the US and Iran, opening up expectations of de-escalation in the Middle East.
This development caused cash flow on the international market to move quite quickly: stocks increased, oil prices cooled down, while gold jumped to the 4,800 USD/ounce zone after surpassing important resistance levels.
The sharp increase in world gold prices may create more momentum for the domestic market, especially in the context that SJC gold bars and gold rings are anchored in high areas.
However, analysts believe that the next developments will still depend heavily on whether the ceasefire agreement is maintained, as well as the level of impact of energy prices on global inflation.
Mr. Michael Brown - senior market analyst at Pepperstone - said that the focus of the market in the coming time is not only on the inflation story but also on the economic damage caused by conflicts and energy price shocks to global growth.
According to him, if energy prices soon stabilize again, central banks may see the upcoming inflation increase as only temporary, thereby reducing the possibility of having to tighten policies strongly in the short term.
Sharing the same cautious view, independent metal trader Tai Wong believes that the current upward momentum of gold carries many psychological reaction factors after the information cooled down tensions.
According to him, the market still needs more time to assess the ability to comply with the agreement from Iran. Technically, the 4,930 USD/ounce zone, corresponding to the 200-day moving average, and further the 5,000 USD/ounce mark will be noteworthy resistance levels for gold.
In the opposite direction, risks have not completely disappeared. If the conflict re-emerges, oil prices may rise again, putting pressure on inflation and further complicating the prospect of interest rate cuts by the US Federal Reserve (Fed).
At that time, gold prices may continue to fluctuate strongly. Therefore, in the short term, gold is likely to maintain a sensitive state to both geopolitical news and signals from global monetary policy.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
