Updated SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 103-106.5 million VND/tael (buy - sell); increased by 800,000 VND/tael for buying and increased by 1.3 million VND/tael for selling. The difference between buying and selling prices is at 3.5 million VND/tael.
At the same time, DOJI Group listed the price of SJC gold bars at 103-106.5 million VND/tael (buy - sell); increased by 800,000 VND/tael for buying and increased by 1.3 million VND/tael for selling. The difference between buying and selling prices is at 3.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 103-106.5 million VND/tael (buy - sell); increased by 800,000 VND/tael for buying and increased by 1.3 million VND/tael for selling. The difference between buying and selling prices is at 3.5 million VND/tael.
9999 round gold ring price
As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 101.2-104.8 million VND/tael (buy - sell); an increase of 500,000 VND/tael for both buying and selling compared to early in the morning. The difference between buying and selling prices is at 3.6 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 101.6-105.1 million VND/tael (buy - sell); an increase of 700,000 VND/tael for buying and an increase of 600,000 VND/tael for selling compared to early in the morning. The difference between buying and selling prices is at 3.5 million VND/tael.
As world gold prices fluctuate strongly, the gap between domestic and domestic prices is widening, showing very clear risks. If gold prices turn down, buyers will face a huge loss. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
As of 6:00 a.m. on April 13, the world gold price was listed at 3,236 USD/ounce.
Gold price forecast
According to Kitco, since last year, gold prices have maintained a strong increase, setting many record peaks and increasing nearly 21% this year, thanks to the demand for shelter, purchases from central banks and the flow of money into gold ETFs.
We believe gold could continue to rise in a positive scenario, targeting $3,400 to $3,500 an ounce in the next few months, UBS analyst Giovanni Staunovo predicted.
Jerry Prior - CEO of Mount Lucas Management - commented: "With the current level of instability, gold prices are reflecting the situation correctly. But just an hour later, the market view could change completely. That shows such an unstable situation that no one can rely on any script or guidance to respond.
Jesse Colombo - an independent analyst - believes that gold still has a strong upward momentum because the USD has been overvalued for many years. The current rising bond yields are in golds favor as they reflect that bonds are no longer considered a safe asset. That forced the Fed to soon stop tightening currencies and return to pumping money - which is like missionel fuel for gold and commodity prices.
This week, 16 analysts participated in the Kitco News survey. Wall Street is almost in agreement that gold prices will continue to increase in the short term.
15 people (94%) predict gold prices will increase next week, no one thinks gold will decrease. Only 1 person (6%) believes that gold will stay at its current high without increasing further.
Meanwhile, 275 investors participated in Kitco's online survey. The sentiment of retail investors is also more positive as other assets have decreased in price.
189 people (69%) see gold prices rising next week. 50 people (18%) predict gold will fall, while the remaining 36 people (13%) see prices moving sideways.
Economic data to watch next week
Tuesday (April 15): Announcement of Empire State Production Survey.
Wednesday (16.4): The Bank of Canada announces its monetary policy decision. On the same day, Federal Reserve Chairman Jerome Powell will give a speech at the Chicago Economic Club.
Thursday (17.4): The European Central Bank (ECB) holds a policy meeting. The US released weekly jobless claims, newly started construction housing figures and construction permits, along with manufacturing survey results from the Philadelphia Fed.
See more news related to gold prices HERE...
