Updated SJC gold price
As of 9:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 99.4-101.9 million VND/tael (buy - sell), down 700,000 VND/tael for buying and down 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 99.4-101.9 million VND/tael (buy - sell), down 700,000 VND/tael for buying and down 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 99.4-101.9 million VND/tael (buy - sell), down 700,000 VND/tael for buying and down 900,000 VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
9999 round gold ring price
As of 9:30 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 98.7-101.9 million VND/tael (buy - sell), down 1.2 million VND/tael for buying and down 900,000 VND/tael for selling. The difference between buying and selling is listed at 3.2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 99.4-102.2 million VND/tael (buy - sell), down 600,000 VND/tael for buying and down 700,000 VND/tael for selling. The difference between buying and selling is 2.8 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed to an excessively high level, causing risks for individual investors to increase.
In the context of many fluctuations in the world gold market, the large difference between buying and selling in the domestic market is a clear warning sign. If gold prices turn down, buyers will face a huge loss. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 9:15 a.m. on April 4, the world gold price listed on Kitco was around 3,108.2 USD/ounce, down 36.4 USD/ounce compared to the beginning of the trading session yesterday morning.
Gold price forecast
Gold prices increased sharply and then decreased sharply after information about new US tariffs. The precious metal is still expected to increase in price as global economic risks exist.
According to Kitco, after many uncertain weeks, US President Donald Trump has announced global import tariffs, but not applied to precious metals such as gold, as well as copper, steel and aluminum - which has caused the increased gold reserves at warehouses in New York to no longer have strategic value.
Although gold may still face profit-taking pressure in the short term as investors reassess the new tariff picture, some experts believe that this precious metal is still strongly supported.
According to Kelvin Wong, senior market analyst at OANDA, although Trump's announcement has somewhat eased uncertainty, the market still has many concerns that gold prices may continue to rise.
A series of new taxes from the White House administration increase the likelihood of the US falling into a state of stagflation. The world has not seen this period since the 1970s-1980s, so there will be more uncertainty in planning business strategies and implementing monetary policy to cope with slowing economic growth - a factor that makes gold an attractive preventative asset" - Wong said.
This expert also commented that if the US stock market continues to weaken, gold will further promote its role as a safe haven. Although gold was sold off strongly on Thursday, it is still performing better than the stock market.
Commodity analysts at TD Securities also predict that gold prices will continue to fluctuate strongly, although "there is an overbought price but few people hold it".
Currently, non-CTA fund managers are holding less gold than in March last year. Macro funds have continuously sold and shifted assets to the Chinese market, causing their holding position to fall to levels that we believe are currently lacking, although the price chart shows otherwise, they said.
In other words, although gold prices are high, the actual amount of gold held by investment funds is quite low, which opens up the possibility that gold still has room to increase if demand returns.
TD Securities also believes that gold prices may be adjusted but not down deeply. They explained that the increase in gold in the past 12 months has helped many investors make significant profits, so it is not easily affected by short-term selling pressure.
See more news related to gold prices HERE...
