Gold Bars Near 148 Million VND as Global Spot Hits 4,387 Dollars

SJC gold bar selling prices hit 147.6 million VND per tael across major Vietnamese dealers. This represents a 1.8 million VND increase from the previous session. The buying price stood at 144.6 million VND. The spread between buying and selling remained at 3 million VND. Saigon SJC Jewelry Company, DOJI Group, and Phu Quy Jewelry Group all aligned on these figures. The market moved higher for the second consecutive day following the Federal Reserve's interest rate decision.

Gold ring prices also rose significantly. Saigon SJC Jewelry Company listed selling prices at 147.1 million VND per tael. DOJI Group set their selling threshold at 148 million VND per tael. The spread for rings is wider, ranging from 3 to 4 million VND depending on the dealer. Jewelry gold prices increased by 800,000 to 1 million VND per tael. These moves reflect sustained demand despite recent volatility.

Global Factors Drive Price Recovery

Spot gold prices reached 4,387.4 USD per ounce. This level is supported by falling crude oil prices and lower US Treasury yields. The US dollar weakened during the same period. These factors reduced pressure on the precious metal. The recovery follows the Fed's decision to raise rates by 25 basis points. The new target range is 3.75% to 4.00%.

Investors are reassessing the impact of the recent rate hike. Initial market shock has subsided as bond yields cooled. This shift supports higher gold valuations. The labor market remains strong with initial jobless claims at 196,000. This data suggests the Fed may maintain its tightening stance. The current environment remains complex for traders.

Treasury Yields And Dollar Trends

The yield on 10-year US Treasury bonds is between 4.93% and 4.94%. This is down from a weekly high of 5.04%. The US dollar index has stalled its rise. Lower yields make gold more attractive to investors. A stable or falling dollar supports gold prices. These macroeconomic indicators are critical for short-term price direction.

Technical Levels And Future Outlook

Gold has regained the 10-day moving average. The metal is testing a key resistance level at 4,381 USD per ounce. Technical analysts identify this as a breakthrough threshold. Continued recovery depends on oil prices staying stable. US Treasury yields must remain below 5%. If these conditions hold, gold may continue its upward trajectory. Any reversal in oil or yields could reverse the trend. The risk of further Fed rate hikes remains a key variable. Source GN auto markets/commodities: gold prices confirms the current momentum.