Gold price update at the closing session on April 23: Sharp decrease, losing the 170 million VND/tael mark

SJC gold bar price

As of 5:17 PM, SJC gold bar prices were listed by DOJI at 166.7-169.2 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 166.7-169.2 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 166.7-169.2 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 gold ring price

As of 5:17 PM, DOJI listed the price of gold rings at the threshold of 166.2-169.2 million VND/tael (buying - selling), down 800,000 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 166.2-169.2 million VND/tael (buying - selling), down 800,000 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 the threshold of 166.2-169.2 million VND/tael (buying - selling), down 800,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 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 5:18 PM, world gold prices were listed around the threshold of 4.691 USD/ounce, down 61.7 USD compared to the previous day.

Gold price forecast

World gold prices are under pressure in the short term as the market simultaneously faces geopolitical risks and prolonged inflationary concerns. This development shows an increasingly clear paradox: tensions in the Middle East, which often support safe-haven demand for gold, are now raising the risk of energy price escalation, leading to the possibility of central banks maintaining higher interest rates for longer.

The continued tightening of the Strait of Hormuz has increased concerns about global energy supplies. Brent oil prices anchored in highs not only put pressure on transportation and production costs but also made inflation prospects more complicated. In that context, the USD maintains its strength, while gold - an asset that does not yield yields - faces adjustment pressure.

Mr. Tim Waterer - Market Analysis Director of KCM Trade - said that the return of Brent oil prices to the three-digit mark is making inflation concerns more prominent, thereby causing disadvantages for gold in the short term. According to this expert, if the "shutdown but still blockade" state lasts for many months, the energy shock may turn into a persistent inflationary factor, reducing gold's attractiveness from a yield perspective.

In addition, the cautious statements of Mr. Kevin Warsh – candidate for Chairman of the US Federal Reserve (Fed) – further strengthen the expectation that the general level of interest rates will hardly fall sharply soon. As the opportunity cost of holding gold increases, cash flow tends to shift to higher-yield assets.

However, the long-term outlook for the precious metal is not necessarily negative. Many major financial institutions still maintain a positive view of gold thanks to prolonged inflation, economic risks and buying demand from central banks. Analysts believe that if US-Iran negotiations continue to be deadlocked or geopolitical tensions escalate again, gold may soon return to the 4,900 USD/ounce zone.

In the short term, gold prices are likely to fluctuate strongly according to news from the Middle East, US economic data and Fed policy expectations. If risks cool down and interest rates continue to linger high, adjustment pressure may last. Conversely, any geopolitical shock can quickly restore gold's shelter role.