SJC gold bar price
As of 6:00 AM on April 8th, SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 169.5-172.5 million VND/tael (buying - selling), down 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 169.2-172.5 million VND/tael (buying - selling), down 900,000 VND/tael on the buying side and down 600,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.
9999 gold ring price
As of 6:00 AM on April 8th, Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.3-171.3 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 169-172 million VND/tael (buying - selling), down 900,000 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 10:55 PM on April 7, world gold prices were listed around the threshold of 4,658.8 USD/ounce, up 3.2 USD compared to the previous day.
Gold price forecast
World gold and silver prices simultaneously adjusted last night as cautious sentiment overwhelmed the international financial market. Gold futures for June delivery fell $11.2, to $4,673/ounce. Meanwhile, silver for May delivery lost $0.792, falling to $72.07/ounce.
New developments in the Middle East continue to be a strong factor affecting safe-haven cash flow and basic commodities. Investors are currently closely monitoring diplomatic signals, in the context that the risk of energy transport disruption in the region has not been completely eliminated. Prolonged instability has caused oil prices to rise sharply, while increasing volatility in the precious metals market.
A noteworthy point is that China continues to promote gold accumulation. According to data from the World Gold Council, the amount of gold held by the People's Bank of China increased by about 160,000 ounces in March, equivalent to nearly 5 tons. This is also the 17th consecutive month that this agency has increased gold reserves, showing that the trend of diversification of reserve assets is still maintained.
China's buying move is seen as an important supporting factor for the gold market in the context that precious metal prices were under quite strong adjustment pressure in March. Some other central banks also increased reserves, in which Poland is a noteworthy buyer. In the opposite direction, some countries also sold some gold to stabilize the domestic money market.
In the energy market, US WTI light sweet crude oil prices continue to rise and are fluctuating around the 114 USD/barrel mark. The high oil price level is forecast to encourage US shale oil companies to expand production in the coming months, especially when the current price is attractive enough to improve exploitation efficiency.
In addition, the USD index increased slightly, while the yield on 10-year US Treasury bonds stood at 4.34%. These are external factors that continue to affect the short-term trend of gold.
Technically, the gold market is still in a state of fluctuation. The nearest resistance level for gold is 4,750 USD/ounce, followed by 4,825.9 USD/ounce. On the downward side, important support levels are at 4,626.2 USD and 4,580.4 USD/ounce.
Gold price data is compared to the previous day.
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