SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at 175-178 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 175-178 million VND/tael (buying - selling), an increase of 2 million 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 SJC gold bar prices at 175-178 million VND/tael (buying - selling), an increase of 2 million VND/tael 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 9:15 am, DOJI Group listed the price of gold rings at 175-178 million VND/tael (buying - selling), an increase of 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 174.5-177.5 million VND/tael (buying - selling), an increase of 1.5 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 the threshold of 174.8-177.8 million VND/tael (buying - selling), an increase of 1.8 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.
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 9:15 am, world gold prices were listed around the threshold of 4,689 USD/ounce, a sharp increase of 104.7 USD compared to the previous day. Thus, after only two trading sessions, world gold has increased by more than 220 USD/ounce.
Gold price forecast
World gold prices continue to rise sharply in the context of increased cash flow to safe assets, as geopolitical tensions in the Middle East show no signs of cooling down.
Along with that, some external factors are also supporting the precious metal, such as rising crude oil prices, weakening the USD and government bond yields fluctuating in a less attractive direction for cash-holding investors.
On the international market, gold prices maintained firmly above the 4,500 USD/ounce mark, showing that defensive demand is still quite clear. This development appeared right at the end of the month and the end of the quarter - a period that is often paid special attention to by investors because it can create strong movements in terms of technical and market sentiment.
From a technical perspective, the gold market is still at a decisive threshold. If the price continues to break through and closes out of the strong resistance zone around 4,750 USD/ounce, the upward momentum may be further strengthened in the short term. Conversely, if buying power weakens, gold can completely turn around to retest lower support zones.
However, not all opinions in the market lean towards a prolonged hot increase scenario. In the April metal outlook report, Mr. Mike McGlone - senior market strategist at Bloomberg Intelligence - said that gold is facing great pressure after a period of overly speculative increase.
According to him, the peak price formed at the beginning of this year may be a very large milestone of the cycle. This expert noted that the volatility of gold is currently unusually high, even far exceeding many other risky assets, showing that the market is no longer purely sheltering as before.
In a related development, the silver market is also attracting attention as a wave of speculation on social networks about extremely high price options appears. However, Ms. Carley Garner, co-founder of DeCarley Trading, warns investors not to follow the excitement.
According to her, options transactions that are too far from reality mostly only reflect low-price speculation, and even risk creating a short-term "price inflation" effect, instead of relying on the real supply-demand foundation.
In general, gold prices are still supported by safe-haven demand, but the risk of strong correction is also accompanying if geopolitical factors subside or speculation reverses direction. Investors should therefore be cautious with the market's shock increases.
Gold price data is compared to the previous day.
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