SJC gold bars plummet.

The price difference between buying and selling gold rings is approximately 1.5 million VND, while the price difference for SJC gold bars is as high as 2 million VND per tael.

On the international market, precious metals continued to experience a volatile week. During the week, the price of gold plummeted to as low as $2,381 per ounce before rebounding sharply. At the close of the week, the world gold price settled at $2,431 per ounce, still down more than ten dollars per ounce compared to the end of the previous week.

Despite a decrease compared to last week, both analysts and investors expect gold prices to continue rising, according to a Kitco survey.

Specifically, in a Wall Street survey of 10 analysts, 40% predicted a rise in gold prices, 60% predicted prices would remain stable, while none predicted a decrease. This trend suggests that gold prices are unpredictable and may fluctuate, with no clear direction in the coming sessions.

Meanwhile, in an online survey on Main Street, 210 investors participated, with 62% expecting gold prices to continue rising, 21% believing they would fall, and the remainder predicting prices would remain stable.

According to analysts, gold prices are being supported by several factors related to the US indicating it will soon cut interest rates, with approximately two rate cuts this year. The weakening and declining US dollar in international markets also supports the upward trend in gold prices…

Currently, the world gold price, converted according to the listed exchange rate, is approximately 74 million VND per tael.