Updated gold price at the end of session 26.4: Reversal to increase

Updated SJC gold price

As of 6:10 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND119-121 million/tael (buy - sell); increased by VND500,000/tael for both buying and selling. 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 119-121 million VND/tael (buy - sell); increased by 500,000 VND/tael for both buying and selling. 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 119-121 million VND/tael (buy - sell); increased by 500,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at VND 118.5-121 million/tael (buy in - sell out), an increase of VND 1 million/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 round gold ring price

As of 6:15 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 114-116.5 million VND/tael (buy - sell); an increase of 1.5 million VND/tael for buying and an increase of 1 million VND/tael for selling. 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 117-120 million VND/tael (buy - sell); increased by 500,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of SJC gold bars at VND 115.5-118.5 million/tael (buy in - sell out), an increase of VND 500,000/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 to an excessively high level, causing risks for individual investors to increase.

World gold price

As of 6:15 p.m., the world gold price was listed at 3,318.3 USD/ounce, up 20.6 USD.

Gold price forecast

Kelvin Wong - an expert at OANDA, said that the gold rally is not over. He forecasts gold's next resistance at $3,670-3,750 and $3,890 an ounce.

TD Securities commodity strategist Daniel Ghali commented: Tariff easing is clearly having a negative impact on gold prices... However, up to now, we have not seen significant sell-off.

But, as we know that investors have been buying when prices have been adjusted in recent sessions, there may still be room for gold prices to recover, said Ghali.

Meanwhile, Lukman Otunuga - an expert at FXTM - said that the current selling pressure at profit does not change the factors supporting gold. Big data from the US next week such as GDP, inflation, and employment will affect expectations of a Fed rate cut, thereby affecting gold prices.

If gold prices fall below $3,250/ounce, they could fall further to $3,170. Conversely, if it stays above $3,250/ounce, gold could increase back to $3,390-3,500/ounce.

US employment data will be the focus next week, when the April employment report will show the impact of tax policy and tighten spending on the labor market.

However, not everyone is optimistic about gold. Philip Strieble - strategist at Blue Line Futures - believes that investors should pay more attention to silver, because if market instability has reached its peak, silver will have a great opportunity. He predicted that recovering industrial demand will boost silver prices.

Important economic data next week

Monday: Federal election in Canada.

Tuesday: New Employment ratio (JOLTS) and US Consumer Confidence Index.

Wednesday: ADP Employment Report, Preliminary Q1 GDP, US pending housing contracts; Japanese Central Bank monetary policy meeting.

Thursday:Weekly jobless claims and the US Manufacturing across Market Management Index (ISM Manufacturing PMI).

Friday: Non-farm Payrolls report in the US.