Gold price on May 26: SJC gold bars continue to decrease to 120 million VND/tael

The world gold price today (May 26) decreased slightly to trade at 3,348 USD/ounce. Domestically, the price of SJC gold bars decreased by 1 million VND early in the morning of the week to 120 million VND/tael; SJC gold rings were 115 million VND/tael.

In the domestic market, this morning (May 26), domestic gold brands simultaneously adjusted their prices down. The price of SJC gold bars decreased to 120 million VND/tael; SJC gold rings were traded at 115 million VND/tael.

Specifically, at 10:30 a.m. on May 25, Saigon Jewelry Company (SJC) listed the buying and selling prices of SJC gold bars at VND117-120 million/tael, down VND2 million and VND1 million respectively compared to the previous session. The buying and selling gap widened to VND3 million/tael.

The price of SJC 9999 gold ring is 112 million VND/tael for buying and 115 million VND/tael for selling, down 1.5 million VND and 1 million VND/tael respectively compared to the previous closing price.

DOJI gold bar prices in Hanoi and Ho Chi Minh City are bought at 117 million VND/tael and sold at 120 million VND/tael, down 2 million VND and 1 million VND/tael respectively compared to the closing price at the end of last week.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 112-115 million VND/tael.

PNJ Gold is currently buying at 112 million VND/tael and selling at 115 million VND/tael, down 1 million VND from the previous closing price.

As of 10:30 a.m. on May 26 (Vietnam time), the world gold price slightly decreased by 8.6 USD/ounce compared to the previous trading session's close, down to 3,348.3 USD/ounce.

Sixteen Wall Street analysts participated in the latest Kitco News Weekly Gold Survey. A majority of Wall Street experts see the precious metal continuing to rise this week. Thirteen analysts, or 81 percent, see gold prices rising this week, while just three analysts, or 19 percent, see it moving sideways. None see gold prices falling.

On Main Street, 155 retail investors, or 63%, of the 245 investors who participated in Kitco News' online poll said they expected gold prices to rise. Fifty-two investors, or 21%, said they expected gold prices to fall. The remaining 38 investors, or 16%, said they expected gold prices to remain sideways.

Gold prices have consolidated and are poised to move higher again, said Rich Checkan, President and CEO of Asset Strategies International.

For his part, Colin Cieszynski, chief market strategist at SIA Wealth Management, also commented that with President Donald Trump once again expressing a tough stance on tariffs, gold prices in the coming weeks could be an optimistic scenario.

James Stanley, senior market strategist at Forex.com, said that $3,500 is the next important level for the precious metal to reach and this is also the price that buyers need to overcome before they can start conquering the $4,000/ounce mark.

This morning, the USD-Index fell to 98.81 points; the yield on 10-year US Treasury bonds was at 4.550%; US stocks rose when President Donald Trump agreed to postpone a 50% tax on the European Union (EU); world oil prices increased slightly, trading at 64.28 USD/barrel for Brent oil and 61.70 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-26-5-vang-mieng-sjc-tiep-tuc-giam-xuong-120-trieu-dong-luong-212517.html