Gold price update at the closing session on April 19: World price increases, domestic price decreases

SJC gold bar price

Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at the threshold of 168.5-172 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.

Compared to the closing session of last week (April 12), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 900,000 VND/tael on the buying side and decreased by 400,000 VND/tael on the selling side.

Meanwhile, DOJI listed SJC gold price at the threshold of 168.5-172 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.

Compared to the closing session of last week (April 12), SJC gold bar price at DOJI decreased by 900,000 VND/tael on the buying side and decreased by 400,000 VND/tael on the selling side.

If buying SJC gold bars in the April 12 session and selling them in today's session (April 19), buyers at Saigon Jewelry Company SJC and DOJI will both lose 3.9 million VND/tael.

9999 gold ring price

At the same time, DOJI Group listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 168.5-171.5 million VND/tael (buying - selling), down 700,000 VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.

If buying gold rings on April 12 and selling them today (April 19), buyers at DOJI will lose 3.9 million VND/tael. Meanwhile, buyers of gold rings at Phu Quy will lose 3.7 million VND/tael.

World gold price

Closing the week's trading session, world gold prices were listed at 4,829.4 USD/ounce, up 82.2 USD compared to a week ago.

Gold price forecast

Gold prices next week are forecast to continue to fluctuate strongly in the context that the global market is simultaneously monitoring geopolitical developments and important economic data from the US. After a period of strong fluctuations, analysts believe that the short-term trend of precious metals is still not really stable, although market sentiment has somewhat become less tense than before.

From a positive perspective, some experts believe that gold still has a chance to rise if risk hedging demand returns. Mr. Rich Checkan - Chairman and CEO of Asset Strategies International - said that gold and silver have recently benefited as tensions in the Middle East show signs of cooling down. According to him, as long as fragile ceasefire agreements are maintained, precious metal prices may continue to recover after the previous correction.

However, not all opinions lean towards the possibility of price increases. Mr. Darin Newsom - senior analyst at Barchart. com - believes that gold is approaching a notable technical resistance zone, while some momentum indicators show that the market has fallen into a overbought state. This may increase profit-taking pressure in the short term, especially when investors respond sensitively to new information from the media and financial markets.

In addition to geopolitical factors, the market next week will also focus on a series of US economic data such as retail sales, weekly unemployment claims, preliminary PMI index and consumer confidence surveys. These figures could strongly impact the monetary policy expectations of the US Federal Reserve (FED), thereby directly affecting the diễn biến of gold prices.

Kitco News' survey results also show that market sentiment is still quite optimistic. Most Wall Street experts and small investors participating in the survey lean towards the possibility of gold prices increasing next week. However, in the context of many opposing factors appearing together, gold prices are forecast to continue to fluctuate strongly and it is difficult to form a clear trend in the short term.