Gold prices remain stable today, with slight variations among different jewelry companies. Specifically, at SJC Company, the price of gold rings is currently listed at 76.15-77.65 million VND per tael. DOJI Group follows suit with a range of 76.4-77.55 million VND per tael. Meanwhile, Bao Tin Minh Chau and PNJ have listed prices of 76.32-77.52 million VND and 76.25-77.55 million VND per tael, respectively.
SJC gold prices remain unchanged today, listed at 78.3 million VND per tael for buyers and 79.8 million VND per tael for sellers.
In the international market, the spot gold price is currently at 2,439 USD per ounce, equivalent to approximately 75 million VND per tael, excluding taxes and fees. Last week, gold prices surged amidst positive economic data from the US and a dovish stance from the Federal Reserve. Even the brief dip on Friday failed to dampen the enthusiasm of precious metal traders.
This week, 14 analysts participated in the Kitco News Gold Survey, with Wall Street showing optimism for gold’s rise after the US stock market wobbled due to economic and geopolitical threats. 11 experts, accounting for 79% of the total, anticipate higher gold prices in the coming week. Only one analyst, or 7%, predicts a decline, while the remaining two, making up 14%, foresee a sideways trend.
Additionally, 191 votes were cast in the Kitco online survey. Consequently, 140 retail investors, or 73%, expect gold prices to climb this week. 28 others, or 15%, forecast lower prices, while 23 people, or 12%, envision a stagnant market.
