Gold price today, April 26: Continues to fluctuate as major risks remain

SJC gold bar price

Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold price at the threshold of 166.3 - 168.8 million VND/tael (buying - selling). The buying - selling difference is at 2.5 million VND/tael.

Compared to the closing session of last week (April 19), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 2.2 million VND/tael on the buying side and decreased by 3.2 million VND/tael on the selling side.

Meanwhile, DOJI listed SJC gold price at the threshold of 166.3 - 168.8 million VND/tael (buying - selling). The buying - selling difference is at 2.5 million VND/tael.

Compared to the closing session of last week (April 19), SJC gold bar price at DOJI decreased by 2.2 million VND/tael on the buying side and decreased by 3.2 million VND/tael on the selling side.

If buying SJC gold bars on April 19 and selling them on today's session (April 26), buyers at Saigon SJC and DOJI Jewelry Company both lost 5.7 million VND/tael.

9999 gold ring price

At the same time, DOJI Group listed the price of gold rings at the threshold of 165.8-168.8 million VND/tael (buying - selling), down 2.7 million 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 165.8-168.8 million VND/tael (buying - selling), down 2.7 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

If buying gold rings on April 19 and selling them on today's session (April 26), buyers at DOJI and Phu Quy will lose 5.7 million VND/tael.

World gold price

Closing the weekly trading session, world gold prices were listed at 4,708.8 USD/ounce, down sharply by 120.6 USD compared to a week ago.

Gold price forecast

After a period of hot increase and attracting strong attention from the beginning of the year, the world gold market is entering a more quiet trading phase. Gold prices in recent sessions have mainly fluctuated in a wide range around 4,600 - 4,900 USD/ounce, while trading volume has decreased, showing that investors are cautiously waiting for more clear signals.

The biggest pressure on gold today comes from interest rate expectations. Concerns about inflation returning cause the market to reduce expectations about the ability of central banks to soon ease monetary policy. When interest rates remain high, the opportunity cost of holding gold also increases, thereby limiting short-term buying power for precious metals.

However, analysts believe that it is very difficult to bet heavily on the downward trend of gold in the context of geopolitical risks and economic instability still existing.

Gold is still considered a neutral safe haven asset, especially when global financial markets are still facing pressure from public debt, high stock valuations and geopolitical tensions.

Mr. Kevin Grady - Chairman of Phoenix Futures and Options - said that the gold market is in a state of waiting. According to him, many traders do not want to open large positions when it is not clear how long geopolitical developments will last and end.

He also noted that trading volume and open contracts on the gold market are at a low level, reflecting the cautious sentiment of investors.

Meanwhile, Mr. Adrian Day - Chairman of Adrian Day Asset Management - believes that gold prices are likely to continue to struggle as major risks have not been completely resolved.

According to this expert, the market may have experienced a bottom after recent fluctuations, but it is not easy to set a new peak if monetary and fiscal factors have not returned to the focus.

A long-term supporting factor for gold is stable buying power from central banks. In adjustment phases, many organizations still consider price reductions as an opportunity for accumulation, instead of a signal of trend reversal. This helps gold maintain at a historical high price range even though the short-term upward momentum has slowed down.

In general, the current sideways phase does not mean that gold's attractiveness is weakening. The market is absorbing a new high price level, while selling pressure is not strong enough to create a clear downward trend.

In the short term, gold prices may continue to fluctuate widely; in the medium and long term, the precious metal is still supported by the need to defend against inflation, geopolitical risks and financial system instability.