SJC gold bar price
As of 9:45 am, SJC gold bar prices were listed by DOJI Group at the threshold of 145-149 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at 145-149 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 4 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 145-149 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 4 million VND/tael.
9999 gold ring price
As of 9:45 am, DOJI Group listed gold ring prices at 145-149 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 4 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 145-149 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 4 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 145-148.5 million VND/tael (buying - selling), down 1.2 million VND/tael on the buying side and down 1.1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 4 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:45 AM, world gold prices were listed around the threshold of 4,314.3 USD/ounce, down 13.7 USD compared to the previous day.
Gold price forecast
World gold prices are under downward pressure in the context of more positive US jobs data than forecast, causing US Federal Reserve (Fed) interest rate cut expectations to continue to weaken.
Kitco News' weekly gold survey shows that Wall Street analysts are shifting to a clearly pessimistic view of the short-term outlook for the precious metal, while individual investor sentiment is also more cautious after the recent sharp decline.
According to Mr. Marc Chandler - Managing Director of Bannockburn Global Forex, gold prices are giving quite heavy signals after US jobs data is stronger than expected, while bond yields have increased, pushing the precious metal below the 200-day moving average, around 4,428 USD/ounce. This expert believes that the May bottom, near 4,367 USD/ounce, may be the next technical milestone to be noticed by the market.
In the latest survey by Kitco News, 15 Wall Street experts participated in assessing the outlook for gold prices this week. Only 2 experts, equivalent to 13%, predict gold prices will increase; 11 people, accounting for 74%, believe that prices will decrease; the remaining 2 experts predict prices will go sideways. In the group of individual investors, psychology is still more differentiated when 47% expect gold prices to increase, 37% predict a decrease and 16% believe that prices will go sideways.
Some experts believe that the recent sell-off may have over-reflected unfavorable factors. Mr. Rich Checkan - Chairman and Managing Director of Asset Strategies International - said that the decrease in gold is excessive. According to him, in the context that nominal interest rates are not high enough compared to inflation, the attractiveness of gold as a defensive asset has not disappeared.
This week, the market will continue to monitor important US economic data, especially the consumer price index, production price index, weekly unemployment claims and consumer sentiment surveys. These figures could directly affect the Fed's interest rate expectations, thereby affecting the USD, bond yields and gold prices.
In the short term, gold prices may still fluctuate strongly if inflation data continues to reinforce the ability of the Fed to maintain high interest rates for longer. For domestic investors, the high buying-selling spread is a factor that needs special attention, because rapid fluctuations in world gold prices can increase the risk of losses when buying to chase the short-term uptrend.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
