SJC gold bar price
As of 9:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 166.3 - 168.8 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 166.2-168.8 million VND/tael (buying - selling), down 500,000 VND/tael on the buying side and down 400,000 VND/tael on the selling side. 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), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.
9999 gold ring price
As of 9:30 am, DOJI Group listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), down 400,000 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 the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 2.5 to 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 9:00 AM, world gold prices were listed around the threshold of 4,708.8 USD/ounce, up 25.8 USD compared to the previous day.
Gold price forecast
World gold prices recovered in the context of the global financial market being intertwinedly affected by inflation, geopolitical tensions and US monetary policy expectations.
The latest data from the University of Michigan shows that US consumer sentiment in April improved compared to initial estimates, reaching 49.8 points, higher than the forecast of 47.6 points. However, this index is still significantly lower than the 53.3 points of the previous month, reflecting that consumer confidence is still weak.
Notably, inflation expectations for one year increased from 3.8% to 4.7%, the strongest increase in many months. This caused investors to continue to turn to gold as a hedging channel against currency devaluation risks.
Ms. Joanne Hsu - Director of Consumer Survey at the University of Michigan - said that consumer sentiment is widespreadly declining in many income, age and education groups. According to her, the conflict in Iran is affecting consumer views mainly through the gasoline and oil price shock and other commodities.
However, gold's upward momentum is somewhat limited as the market assesses that interest rates in the US may remain high longer if inflationary pressure continues to persist. The yield of 10-year US bonds is currently around 4.33%, while the USD, although slightly weakened, is still a factor that needs to be closely monitored.
Tensions in the Middle East are also a major variable for the precious metals market. WTI oil prices are trading around 97.5 USD/barrel, raising concerns that rising energy costs will spread to global commodity prices. Some analysts believe that if oil supply in the Persian Gulf continues to be disrupted, inflationary pressure may extend, thereby supporting gold prices in the medium term.
According to the latest survey by Kitco News, Wall Street analysts are quite divided. Among the 16 experts surveyed, 31% predict gold prices will increase, 31% believe prices will decrease, and the rest predict gold will move sideways next week. This development shows that the market still lacks signals strong enough to establish a clear trend.
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...
