SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 171.5-174.5 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 29), the price of SJC gold bars at Saigon SJC Jewelry Company increased by 1.7 million VND/tael in both directions.
Meanwhile, DOJI listed SJC gold price at 171-174.5 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.
Compared to the closing session of last week (March 29), the price of SJC gold bars at DOJI increased by 1.2 million VND/tael on the buying side and increased by 1.7 million VND/tael on the selling side.
If buying SJC gold bars on March 29 and selling them on today's session (April 5), buyers at Saigon SJC Jewelry Company will lose 1.3 million VND/tael; while buyers at DOJI will lose 1.8 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 171-174.5 million VND/tael (buying - selling), an increase of 1.2 million VND/tael on the buying side and an increase of 1.7 million VND/tael on the selling side compared to a week ago. The buying - selling difference is at 3.5 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 171-174 million VND/tael (buying - selling), an increase of 1.2 million 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 March 29 and selling them on today's session (April 5), buyers at DOJI and Phu Quy will both lose 1.8 million VND/tael.
World gold price
Closing the weekly trading session, world gold prices were listed at 4,676 USD/ounce, up 183 USD compared to a week ago.
Gold price forecast
Next week, the gold market is forecast to continue to fluctuate strongly in the context that investors must simultaneously monitor geopolitical risks, the diễn biến of the USD and a series of important economic data from the US.
After a week of significant increase, market sentiment is showing quite clear differentiation as many experts are cautious about unpredictable fluctuations in the short term, while individual investors are still leaning towards the possibility of gold prices going up.
Kitco's weekly gold survey results show that Wall Street analysts have not formed a clear consensus on the upcoming trend. The proportion of experts forecasting prices to increase, decrease and move sideways is quite balanced, reflecting a cautious sentiment in the face of information related to conflicts and US policy.
Meanwhile, small investors are still more optimistic as most believe that gold still has room to increase in the following week.
Mr. James Stanley - senior market strategist at Forex. com - said that the major trend of gold has not yet been broken. According to him, this precious metal is still receiving support from investors' defensive sentiment, so corrections, if they appear, may only open up buying opportunities instead of reversing trends. This assessment shows that gold is still considered an attractive asset in the context of ongoing instability.
From a more cautious perspective, Mr. Colin Cieszynski - chief market strategist at SIA Wealth Management - said that gold prices next week may continue to fluctuate strongly, but not completely lean towards a clear trend.
According to him, market liquidity may decline due to prolonged holidays, making prices easily react strongly to unexpected news. This is also a factor that may make the fluctuation range of gold larger in the short term.
In addition to geopolitical factors, the market next week will also focus on data on jobs, inflation, growth and minutes of the latest meeting of the US Federal Reserve (FED). This information will directly impact interest rate expectations, thereby dominating the diễn biến of the USD and US bond yields - two variables that have a major impact on gold prices.
In that context, gold prices are forecast to be still volatile, but the safe-haven trend is still an important supporting factor for the market.
Gold price data is compared to a week earlier.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
See more news related to gold prices HERE...
