Updated SJC gold price
As of 5:00 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 119.3-121.3 million/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 119.3-121.3 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 118-121 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.1 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 118.3-121.3 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 3 million VND/tael.
9999 round gold ring price
As of 5:00 p.m., the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 114-116.5 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 116.4-119 seven million VND/tael (buy in - sell out), an increase of 100,000 VND/tael in both directions. The difference between buying and selling is 3.3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 114.5-117.5 million VND/tael (buy in - sell out), an increase of 200,000 VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 6:50 p.m., the world gold price listed on Kitco was around 3,266 USD/ounce, up 43.6 USD.
Gold price forecast
According to Reuters, gold prices recovered thanks to bottom-fishing buying power before the US announced the non-farm payrolls report, after prices hit a two-week low in the previous session.
However, positive signals in US-China trade relations have limited the recovery of the precious metal, causing gold prices to likely record the second consecutive week of decline.
Ole Hansen - Director of Commodity Strategy at Saxo Bank - commented: " Optimism about the possibility of improving US-China trade relations has put pressure on gold. However, the several-hundred-dollar gap from the recent peak may have prompted some investors to rush in, believing that core demand for gold is not over yet.
China's Ministry of Commerce said that the US has repeatedly expressed its desire to negotiate tariffs and China is still open to dialogue. Signs of a possible resumption of trade negotiations have increased risk appetite and reduced the attractiveness of gold as a safe-haven asset.
In a report, UBS - one of the world's largest financial and banking corporations - still maintains a positive view on gold as a hedge against political risks in the context of ongoing fluctuations. UBS believes that the precious metal is supported in the long term by central bank buying power, investment demand and a downward trend in using the USD. Investors who have not allocated enough to gold can take advantage of the recent price decline to buy more or restructure their portfolios to increase long-term resilience.
The market is waiting for the US non-farm payrolls report to be released at 7:30 p.m. (Vietnam time), in order to find more clues on the policy direction of the US Federal Reserve (FED).
According to a Reuters survey, the number of non-farm jobs in April could increase by 130,000 jobs, down from the increase of 228,000 jobs in March.
In other metals markets, silver prices rose slightly by 0.1% to 32.42 USD/ounce, platinum increased by 0.8% to 966.4 USD/ounce, while gold decreased by 0.2% to 939 USD/ounce.
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