SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at the threshold of 168.5-172 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.
Compared to the closing session of last week (April 12), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 900,000 VND/tael on the buying side and decreased by 400,000 VND/tael on the selling side.
Meanwhile, DOJI listed SJC gold price at the threshold of 168.5-172 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.
Compared to the closing session of last week (April 12), SJC gold bar price at DOJI decreased by 900,000 VND/tael on the buying side and decreased by 400,000 VND/tael on the selling side.
If buying SJC gold bars in the April 12 session and selling them in today's session (April 19), buyers at Saigon Jewelry Company SJC and DOJI will both lose 3.9 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 168.5-171.5 million VND/tael (buying - selling), down 700,000 VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
If buying gold rings on April 12 and selling them today (April 19), buyers at DOJI will lose 3.9 million VND/tael. Meanwhile, buyers of gold rings at Phu Quy will lose 3.7 million VND/tael.
World gold price
Closing the week's trading session, world gold prices were listed at 4,829.4 USD/ounce, up 82.2 USD compared to a week ago.
Gold price forecast
Next week, gold prices are forecast to continue to fluctuate strongly as investors both monitor geopolitical developments in the Middle East and observe signals from the global financial market. The short-term trend of precious metals is currently not really clear, as market views are divided into many different directions.
In a positive scenario, some experts believe that gold still has room to rise if defensive sentiment returns. Mr. Rich Checkan - Chairman and CEO of Asset Strategies International - said that gold and silver recently benefited when tensions in the Middle East temporarily subsided. According to him, if fragile ceasefire agreements are maintained, precious metal prices may continue to recover after the recent adjustment period.
Sharing the same view, Mr. Adam Button - Currency Strategy Director of Forexlive. com - believes that gold is still an attractive asset in the context that geopolitical risks have not really disappeared. According to him, although the market has become less tense, fundamental instability is still present, which may promote demand to hold gold in the near future. This is also a factor supporting the possibility of gold prices returning to highs.
However, in the opposite direction, many opinions believe that the market is facing adjustment pressure. Mr. Darin Newsom - senior analyst at Barchart.com - assessed that the June gold contract is approaching an important technical resistance zone, the 50-day moving average.
At the same time, the short-term fluctuation indicator shows that the market has fallen into a state of over-buying. This means that gold prices may face profit-taking pressure in the short term, especially if more unfavorable information appears from the media or financial markets.
Meanwhile, some experts lean towards a sideways scenario, saying that gold is in a groping phase. Expert Daniel Pavilonis of RJO Futures said that cash flow currently still prioritizes stocks more, while gold temporarily lags behind.
According to him, the precious metals market is showing a recovery phase with a relief effect, but there are not enough signals to confirm that it will soon set a new peak.
In general, gold prices next week are likely to still fluctuate strongly, with a large dependence trend on geopolitical developments, US bond yields and investors' risk appetite.
Gold price data is compared to a week earlier.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
See more news related to gold prices HERE...
