Gold price update at the closing session on April 15: Falling after a breakthrough increase

SJC gold bar price

As of 5:00 PM, SJC gold bar prices were listed by DOJI at 170-173 million VND/tael (buying - selling), down 500,000 VND/tael on the buying side and keeping the selling side unchanged compared to the previous day. The difference between buying and selling prices is at 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at 170-173 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to the previous day. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 170-173.5 million VND/tael (buying - selling), unchanged in the buying direction and increased by 500,000 VND/tael in the selling direction compared to the previous day. The difference between buying and selling prices is at 3.5 million VND/tael.

9999 gold ring price

As of 5:00 PM, DOJI listed the price of gold rings at 170-173 million VND/tael (buying - selling), unchanged in both buying and selling directions compared to the previous day. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 170-173 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions compared to the previous day. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 170-173 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions compared to the previous day. The difference between buying and selling prices is at 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

World gold price

At 4:53 PM, world gold prices were listed around the threshold of 4,794 USD/ounce, up 12.9 USD compared to the previous day.

Gold price forecast

World gold prices are entering a sensitive phase as the market is simultaneously affected by geopolitical factors, interest rate expectations of the US Federal Reserve (FED) and investment flows in Asia. After a strong increase to the highest level in nearly a month, the precious metal has shown fluctuations as investors shifted to a cautious attitude to monitor further developments in negotiations related to Iran as well as energy supply risks in the Strait of Hormuz.

According to analysts, in the short term, gold prices are likely to maintain a strong volatility. Any signals indicating that tensions in the Middle East have eased could cool down safe-haven demand, thereby creating adjustment pressure on gold prices. However, if geopolitical risks suddenly escalate again, the precious metal still has a basis to attract defensive cash flow.

Mr. Giovanni Staunovo - UBS analyst - said that the market is currently mainly in a state of "waiting for more clear signals", because large assets such as gold, oil and stocks are all reacting to energy fluctuations and global growth expectations. This assessment shows that gold prices may not yet form a too clear one-sided trend, but will fluctuate according to new information from economics and geopolitics.

From a medium-term perspective, the support for gold has not yet disappeared. A report by the World Gold Council shows that investment demand in China continues to be very strong, especially through the gold ETF channel. Mr. Ray Jia - Head of China Market Research - of WGC, assessed that although gold prices adjusted in March, investment and stockpiling demand in this market still increased significantly. This is an important factor helping to strengthen gold prices in the context that many investors still prioritize safe assets.

With the current developments, the market may continue to struggle in the coming sessions. If the USD cools down, expectations of the FED reducing interest rates become clearer and capital inflows into gold funds continue to be maintained, gold prices will have more opportunities to test high levels again. Conversely, if risk sentiment improves sharply and profit-taking pressure increases, gold prices may face short-term corrections before establishing a new trend.