Gold price update morning of April 27: Unpredictable, entering a week of strong fluctuations

SJC gold bar price

As of 5:00 AM, SJC gold bar prices were listed by DOJI at the threshold of 166.3 - 168.8 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 166.2 - 168.8 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 2.6 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 166.3 - 168.8 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

9999 gold ring price

As of 5:00 AM, DOJI listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling). 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 the threshold of 165.8-168.8 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling). 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 5:00 AM, world gold prices were listed around the threshold of 4,708.8 USD/ounce.

Gold price forecast

World gold prices entered a new trading week in a state of clear lack of momentum, as investors remain cautious in the face of a series of important economic information and monetary policy decisions from many major central banks.

According to Kitco News' weekly gold survey, the psychology of Wall Street analysts is quite divided. Among the 16 experts participating in the survey, 5 people predict gold prices will increase this week, 5 people think prices will decrease, while the remaining 6 people believe that the precious metal may continue to move sideways. The psychology of individual investors is also not leaning completely to one side, reflecting the high caution of the market in the short term.

Rich Checkan - President and CEO of Asset Strategies International - believes that gold prices may be under downward pressure this week.

According to him, the market is reacting quite unusually to geopolitical tensions, while expectations that the US Federal Reserve (Fed) will keep interest rates unchanged also make a part of investors worried that gold will lose its attractiveness. However, this expert noted that inflation is still at a remarkable level, and real yields are not large enough to completely overshadow the safe haven role of gold.

In the opposite direction, Darin Newsom - senior market analyst at Barchart. com - assessed that the fundamental foundation of gold is still positive. He believes that although the short-term trend on the technical chart is not really favorable, buying pressure from central banks and geopolitical instability are still important supports for the precious metal. If selling pressure from investment funds cools down, gold prices may have a recovery wave this week.

Some other experts believe that gold is in a state of waiting. Trading volume and volume of contracts opened on the futures market decreased, showing that many large investors do not want to increase their positions when risk factors are still unpredictable. In addition, cash flow tends to come to the stock market when the business results of many US businesses are positive.

This week, the market will closely monitor data such as consumer confidence, GDP, PCE index, unemployment claims, US manufacturing PMI, along with policy decisions from the FED, ECB, BOE, BOJ and the Central Bank of Canada.

This information may cause gold prices to fluctuate sharply in the short term. For domestic investors, the buying-selling spread is still high, so it is necessary to carefully consider risks when trading in volatile sessions.