SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 171.5-174.5 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 29), the price of SJC gold bars at Saigon SJC Jewelry Company increased by 1.7 million VND/tael in both directions.
Meanwhile, DOJI listed SJC gold price at 171-174.5 million VND/tael (buying - selling). The buying - selling difference is at 3.5 million VND/tael.
Compared to the closing session of last week (March 29), the price of SJC gold bars at DOJI increased by 1.2 million VND/tael on the buying side and increased by 1.7 million VND/tael on the selling side.
If buying SJC gold bars on March 29 and selling them on today's session (April 5), buyers at Saigon SJC Jewelry Company will lose 1.3 million VND/tael; while buyers at DOJI will lose 1.8 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 171-174.5 million VND/tael (buying - selling), an increase of 1.2 million VND/tael on the buying side and an increase of 1.7 million VND/tael on the selling side compared to a week ago. The buying - selling difference is at 3.5 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 171-174 million VND/tael (buying - selling), an increase of 1.2 million 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 March 29 and selling them on today's session (April 5), buyers at DOJI and Phu Quy will both lose 1.8 million VND/tael.
World gold price
Closing the weekly trading session, world gold prices were listed at 4,676 USD/ounce, up 183 USD compared to a week ago.
Gold price forecast
International analysts believe that world gold prices in the short term are likely to continue to fluctuate strongly, as the market is still dominated by geopolitical information intertwined with expectations about US economic data. After a week of increase but severe fluctuations, cautious sentiment is covering the precious metals market.
The latest survey by Kitco News shows that Wall Street experts are currently leaning towards a cautious state rather than betting on a clear trend.
Most opinions believe that the risk of price increases and decreases is at a relatively balanced level in the context of the market reacting very quickly to political statements, especially signals related to tensions in the Middle East. Meanwhile, individual investors still maintain a more positive sentiment, with the rate of forecasting gold prices to rise prevailing.
Mr. James Stanley - senior market strategist at Forex. com - believes that the major trend of gold has not yet been broken. According to this expert, although the market may still experience short corrections, gold is still receiving support from risk hedging needs, so deep declines can continue to be seen as an opportunity for cash flow to return.
Sharing the same positive but more cautious view, Mr. Adam Button - Currency Strategy Director at Forexlive.com - said that in the long term, the support for gold prices is still present.
According to him, confidence in the USD and the leading role of the US in the global market are facing many challenges, thereby strengthening the attractiveness of gold as a safe-haven asset. However, in the short term, the precious metal may still face profit-taking pressure or selling to compensate for liquidity when geopolitical fluctuations have not cooled down.
Next week, the market will also focus on a series of important US economic data such as jobs, inflation, growth and the minutes of the US Federal Reserve (FED) meeting. This information may significantly impact interest rate expectations, thereby directly affecting the diễn biến of gold prices.
In the context that the market is still sensitive to news, gold is forecast to continue to fluctuate strongly, but the upward trend in the long term is still being maintained by many experts.
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...
