SJC gold bar price
As of 6:00 AM on May 1st, SJC gold bar prices were listed by DOJI at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 163-166 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 6:00 AM on May 1st, DOJI listed gold ring prices at the threshold of 162.5-165.5 million VND/tael (buying - selling), unchanged 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 gold ring prices at the threshold of 163-166 million VND/tael (buying - selling), unchanged 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 162.5-165.5 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 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 10:00 PM on April 30, world gold prices were listed around the threshold of 4,620.4 USD/ounce, up 39.6 USD/ounce.
Gold price forecast
World gold prices are showing signs of recovery after a period of adjustment, as bottom-fishing buying appears in the context of the weakening USD and geopolitical instability continuing to increase. According to records, gold prices increased sharply in the most recent session, reflecting investors' psychology of seeking safe haven assets.
External factors are playing an important role in the price trend. Tensions in the Middle East, especially related to the risk of escalating conflict between the US and Iran, have pushed energy prices up, thereby increasing global inflationary pressure. In this context, gold continues to be seen as an effective risk hedging channel.
Regarding monetary policy, the US Federal Reserve (Fed) maintained stable interest rates, but internal divisions arose over the upcoming direction. Fed Chairman Jerome Powell said that the agency is not in a hurry to change its position, and emphasized that all decisions will depend on economic developments in the coming time. This makes the market maintain a cautious state, thereby supporting gold prices.
From an expert's perspective, Mr. Krishna Srinivasan – Asia-Pacific Regional Director of the International Monetary Fund – said that inflationary pressure is showing signs of returning in some major economies due to rising energy prices. However, he believes that more time is needed to confirm whether this trend is sustainable.
Technically, experts believe that gold is still in an accumulation trend, with important support and resistance levels being tested. If it surpasses the near resistance zone, gold prices may expand their upward momentum in the short term. Conversely, profit-taking pressure may cause the precious metal to turn around and adjust.
In the short term, the gold market is forecast to continue to fluctuate strongly, depending on geopolitical developments, Fed monetary policy and the trend of the USD. Investors need to be cautious, especially when the buying-selling price difference in the country is still high, posing risks when trading in the short term.
Gold price data is compared to the previous day.
The world gold and silver market operates through two main pricing mechanisms. The first is the spot market, where the buying and selling and immediate delivery prices are listed. The second is the futures market, where prices are set for future delivery.
Due to the impact of year-end position restructuring and market liquidity, the December gold futures contract is currently the most actively traded contract on the CME exchange.
See more news related to gold prices HERE...
