Risk of loss present

Update SJC gold price

Domestic SJC gold price closed on June 29, 2024.

Domestic gold price developments. Chart: Khuong Duy

Last week, SJC gold price remained unchanged, but the difference between buying and selling gold listed at a high level caused investors to suffer heavy losses.

If you buy gold at DOJI Group on June 22 at VND76.98 million/tael and sell it today (June 29), you will lose VND2 million/tael. Meanwhile, those who buy gold at Saigon Jewelry Company SJC will also have a similar loss.

Currently, the difference between buying and selling gold prices is listed at around 2 million VND/tael. Experts say that this difference is so high that investors face the risk of losing money when investing in the short term.

Price of round gold ring 9999

As of 6:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 74.65-75.90 million VND/tael (buy - sell).

Saigon Jewelry Company listed the price of gold rings at 73.95-75.55 million VND/tael (buy - sell).

Bao Tin Minh Chau listed the price of gold rings at 74.68-75.98 million VND/tael (buy - sell).

World gold price

As of 6:00 p.m. today, the world gold price listed on Kitco was at 2,325.7 USD/ounce.

Gold price forecast

World gold prices fell amid a high USD index. Recorded at 6:00 p.m. on June 29, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, stood at 105,530 points.

The latest Kitco News weekly gold survey found that most industry experts are neutral on gold prices next week, while retail sentiment remains quite bullish on gold’s near-term prospects.

Twelve Wall Street analysts participated in the Kitco News gold survey this week. Four experts, or 33%, see gold prices higher next week. Two analysts, or 17%, see prices falling. The remaining six experts, or exactly 50%, are neutral on gold prices in the short term.

Meanwhile, 178 votes were cast in Kitco's online poll. Main Street investors have mixed views on gold's near-term outlook.

86 retail traders (48%) predict gold prices will rise next week. Another 50 (28%) predict the precious metal will fall. 42 (24%) believe gold prices will continue to move sideways next week.

There is a lot of economic data coming up next week that could influence gold prices. On Monday, the market will receive the US ISM manufacturing purchasing managers index (PMI), followed by the release of the eurozone flash CPI estimate and the JOLTS employment report on Tuesday.

ECB President Christine Lagarde and US Federal Reserve Chairman Jerome Powell will also speak at a central bank conference in Portugal.

Then on Wednesday, the market will pay attention to ADP employment data, US weekly jobless claims, along with the minutes of the June FOMC meeting. Finally, the US June non-farm payrolls report will be released on Friday morning.

Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-296-nguy-co-thua-lo-hien-huu-1359485.ldo