SJC gold bar price
As of 9:20 am, SJC gold bar prices were listed by DOJI Group at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
9999 gold ring price
As of 9:20 am, DOJI Group listed gold ring prices at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 138.8-143.8 million VND/tael (buying - selling), down 6.2 million VND/tael on the buying side and down 5.2 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 5 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 5 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:20 am, world gold prices were listed around the threshold of 4,331.6 USD/ounce, up 17.3 USD compared to the previous day.
Gold price forecast
World gold prices are strongly struggling as the market is simultaneously affected by geopolitical tensions, interest rate expectations and upcoming US economic data.
In the first trading session of the week, spot gold prices almost moved sideways around the 4,327 USD/ounce range. Safe haven demand reappeared amid escalating tensions in the Middle East, but the upward momentum of the precious metal was limited by high interest rate expectations in the US after positive jobs reports.
The latest data shows that the US economy created 172,000 jobs in May, while the unemployment rate remained at 4.3%. This report caused the market to reduce expectations that the US Federal Reserve (Fed) would soon ease monetary policy. With gold - an interest-free asset, a high interest rate environment continues to be a disadvantageous factor.
The focus of investors' attention is now shifting to the US May Consumer Price Index (CPI) report, expected to be released this week, ahead of the Fed's policy meeting.
If inflation is higher than forecast, downward pressure on gold prices may increase as the market will strengthen expectations that the Fed will maintain high interest rates for a longer time. Conversely, some cooling inflation data may support gold recovery.
In addition to the interest rate factor, developments in the Middle East are still an important variable. The risk of disruption in the Strait of Hormuz - the world's key energy transportation route - may increase safe-haven and inflation hedge demand for gold. However, maintaining high oil prices may also make inflationary pressure more persistent, thereby increasing the possibility of the Fed continuing to be tough.
Technically, the 4,300 USD/ounce zone is being considered a near support level for gold prices. If this mark is broken, the precious metal may be under further downward pressure to the 4,180-4,200 USD/ounce zone. In the opposite direction, gold prices need to overcome the resistance zone of 4,350-4,370 USD/ounce to improve the short-term trend.
Some experts believe that the gold market currently does not have a clear momentum to break through, as investors tend to wait for more inflation data and policy signals from the Fed. In the short term, gold prices may continue to fluctuate strongly around important technical milestones.
Gold price data is compared to the previous day.
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