SJC gold bar price
As of 6:00 AM on April 29, SJC gold bar prices were listed by DOJI at the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. 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 the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.8 million VND/tael on the buying side and down 1.3 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
9999 gold ring price
As of 6:00 AM on April 29, DOJI listed the price of gold rings at the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.3 million 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 the threshold of 164.5-167.5 million VND/tael (buying - selling), down 1.3 million VND/tael 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 164-167 million VND/tael (buying - selling), down 1.8 million VND/tael 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 11:00 PM on April 28, world gold prices were listed around the threshold of 4,582.8 USD/ounce, down 94.4 USD/ounce.
Gold price forecast
World gold prices fell sharply in the context of the USD recovering and US Treasury bond yields rising slightly. These are two factors that often disadvantage the precious metal, because gold does not bring fixed yields and becomes less attractive as the greenback strengthens.
According to analysts, selling pressure also comes from negative short-term technical signals. When gold prices lose important support zones, the group of investors trading on the chart tends to increase selling positions in the futures market, causing the downward momentum to be amplified in the short term.
Some experts believe that the market is entering a sensitive phase as the policy meeting of the US Federal Reserve (Fed) begins. Although most forecasts lean towards the possibility of the Fed keeping interest rates unchanged, Fed Chairman Jerome Powell's statement after the meeting could still create strong fluctuations with gold. If the Fed continues to maintain a cautious stance, bond yields may anchor high, thereby putting pressure on gold prices.
Besides the monetary factor, tensions in the Middle East continue to be a variable to monitor. Information related to the Strait of Hormuz, energy supplies and the US's position with Iran may affect shelter sentiment. However, in the recent session, the USD factor and rising yields are overwhelming the shelter role of gold.
Technically, market analyst Jim Wyckoff believes that gold buyers need to bring prices beyond the strong resistance zone around the April peak at 4,917.70 USD/ounce to regain the upper hand. Conversely, if sellers pull prices below the important support zone of 4,300 USD/ounce, the short-term downtrend may be strengthened.
In the immediate future, the 4,700 USD/ounce and 4,745.80 USD/ounce zones are considered near resistance levels. Meanwhile, the 4,600 USD/ounce and 4,550 USD/ounce zones are support levels to pay attention to. Experts recommend investors to be cautious, especially when the buying - selling difference in the country is still high, increasing the risk of losses 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...
