Gold price update morning of April 22: Fall, under pressure from US economic data

SJC gold bar price

As of 6:00 AM on April 22, SJC gold bar prices were listed by DOJI at the threshold of 168.1-17.06 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.1-17.06 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 168.1-10.76 million VND/tael (buying - selling), down 200,000 VND/tael on the buying side and down 700,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

9999 gold ring price

As of 6:00 AM on April 22, DOJI listed the price of gold rings at 167.6-170.6 million VND/tael (buying - selling), down 700,000 VND/tael 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 the price of gold rings at 167.6-170.6 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 167.6-170.6 million VND/tael (buying - selling), down 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 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 9:20 PM on April 21, world gold prices were listed around the threshold of 4,777.5 USD/ounce, down 21.6 USD compared to the previous day.

Gold price forecast

World gold prices are under pressure. Investors are simultaneously monitoring geopolitical developments in the Middle East and new signals from the US economy. In last night's trading session, gold prices continued to weaken, showing that cautious sentiment is dominating the precious metals market.

Pressure on gold appeared in the context of US retail sales increasing more strongly than forecast, thereby strengthening the perception that the world's largest economy still maintains quite good resilience.

This positive figure reduces expectations that the US Federal Reserve (Fed) will soon cut interest rates, thereby disadvantaging gold - an unprofitable asset that is often sensitive to monetary policy prospects.

According to Mr. Naeem Aslam - Investment Director of Zaye Capital Markets - gold is being affected by two opposite pulling forces. On the one hand, positive US economic data makes the market re-evaluate the possibility of the Fed easing policy in the near future. On the other hand, escalating tensions in the Middle East still maintain safe haven demand, thereby creating an important support for gold prices.

Sharing the same view, Mr. Chris Zaccarelli - Investment Director of Northlight Asset Management - said that the purchasing power of US consumers is still a noteworthy factor.

Although people's psychology is affected by high interest rates and price pressures, actual spending has not weakened significantly. This shows that the US labor market still plays a key role, while making the room for the Fed to cut interest rates soon more limited.

From a technical perspective, gold prices are still fluctuating in the accumulation zone and no clear breakthrough signals have appeared. The market is said to be waiting for another strong enough factor to establish a new trend. If geopolitical tensions continue to escalate, gold may be supported by risk hedging demand.

Conversely, if US economic indicators continue to be positive and bond yields remain high, the precious metal will still face adjustment pressure in the short term.