Gold price update at the end of the session 18. 4: Rising, bright prospects

SJC gold bar price

As of 7:25 PM, SJC gold bar prices were listed by DOJI at the threshold of 168.5-172 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.5-172 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.

Phu Quy Gold and Gems Group listed SJC gold bar prices at the threshold of 168.5-172 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.5 million VND/tael.

9999 gold ring price

As of 7:25 PM, DOJI listed gold ring prices at the threshold of 168.5-171.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 168.5-171.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. 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 to 3.5 million VND/tael, posing a risk of losses for investors.

World gold price

At 7:25 PM, world gold prices were listed around 4,829.4 USD/ounce, up 23.9 USD compared to the previous day.

Gold price forecast

World gold prices are forecast to continue to maintain at high levels in the short term, although the market may experience fluctuations after a period of continuous strong increases.

Recent geopolitical fluctuations once caused strong cash flow into gold as a safe haven channel. However, as tensions in the Middle East temporarily subsided, the market began to shift to a more cautious state, with interspersed profit-taking waves.

According to Kitco News' weekly gold survey, most Wall Street experts still maintain a positive view of the precious metal. Up to 80% of experts surveyed predict that gold prices will continue to rise next week, while only 20% forecast prices to decrease. This result shows that optimistic sentiment is still prevailing in the international market, despite short-term risk factors.

Mr. Rich Checkan - Chairman and CEO of Asset Strategies International - said that gold and silver are benefiting as the situation in the Middle East shows signs of cooling down. According to him, if the current ceasefire agreements continue to be maintained, precious metal prices are likely to extend the recovery momentum after the recent adjustment period. This is one of the bases that makes many experts continue to lean towards the short-term upward scenario of gold.

Meanwhile, Mr. Marc Chandler - Managing Director of Bannockburn Global Forex, an expert in the Wall Street analysis group - expressed a rather optimistic view on the prospects for next week. He believes that gold prices may continue to rise as the market gradually returns to a more stable state.

According to this expert, buying power from central banks is still an important supporting factor, in the context that some countries still maintain a trend of increasing gold reserves. He also noted that the noteworthy resistance level for gold is currently around the 5,000 USD/ounce mark.

In addition to geopolitical factors, investors next week will also monitor more US economic data and signals related to the interest rate policy of the US Federal Reserve (Fed). If the expectation of monetary policy easing continues to increase, gold will have more supporting momentum.

In general, the gold market is still assessed in a cautious but positive direction. In the context that many fundamental instabilities have not completely disappeared, gold is likely still the prioritized asset channel to hold.