Domestic gold price today
As of 4:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 115.7-118.2 million VND/tael (buy - sell), unchanged from yesterday. The difference between the buy and sell prices was 2.5 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 115.7-118.2 million VND/tael (buy - sell), unchanged from before. The difference between buying and selling prices was at 2.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 115.7-118.2 million VND/tael (buy - sell), with no fluctuations. The difference between the buy and sell prices is at 2.5 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of SJC gold bars at 115-118.2 million VND/tael (buy - sell), continuing to move sideways. The difference between the buy and sell prices is at 3.2 million VND/tael.
Price of round gold ring 9999
As of 4:30 a.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 111-113.5 million VND/tael (buy - sell), unchanged from yesterday. The difference between the buy and sell prices was 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 113-116 million VND/tael (buy - sell), no fluctuation. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Gemstone Group listed the price of gold rings at 110.5-113.5 million VND/tael (buy - sell), unchanged from the previous trading session. The difference between the buy and sell prices is at 3 million VND/tael.
World gold price today
At 4:30 a.m., the world gold price listed on Kitco was around 3,291.99 USD/ounce, down 59.4 USD/ounce compared to the beginning of last week.
Kelvin Wong, Asia-Pacific analyst at Oanda, said the global gold price has failed twice to reach the resistance level of $3,328/ounce. The market is currently quite cautious as investors await new economic data from the US. If inflation remains high, the US Federal Reserve (Fed) may continue to maintain its high interest rate policy, putting pressure on gold prices.
Gold continues to be seen as a safe haven amid rising geopolitical uncertainty and a weaker US dollar, according to JPMorgan, which said in its mid-year report that gold can protect investors’ assets from global risks.
Veteran investor David Einhorn believes the US dollar is losing its status as the world’s main reserve currency. He believes the US budget deficit will continue to increase, causing economic growth to weaken. In that context, he prioritizes holding gold and investing in European stocks.
Ryan Oldham, co-manager of FSAGX, said investors should adjust their expectations as gold’s recent rally may be ahead of fundamentals. However, he remains optimistic about the long-term trend, saying that the amount of money in the system and fiscal issues will continue to drive gold prices higher, although there may be sharp corrections in the short term.
Spot gold fell nearly 2% for the week, reflecting a split in market sentiment, with some expecting a rebound amid political uncertainty and others concerned that gold is entering a correction phase after a long rally.
Michael Moor of Moor Analytics predicts that gold prices may continue to fall. According to him, although the long-term trend is still up, the market is correcting after failing to overcome the resistance level around $3,395/ounce.
Source: https://baohatinh.vn/gia-vang-hom-nay-26-thi-truong-vang-nin-tho-cho-fed-mua-ngay-hay-chot-loi-post289034.html
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