Today's gold price 6.3: Continues to decrease, no signs of reversal

Khương Duy |

Gold price today 6.3: Domestic and world gold continues to decline.

SJC gold bar price

As of 9:30 am, SJC gold bar prices were listed by DOJI Group at the threshold of 180.8-183.8 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.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 180.8-183.8 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 SJC gold bar prices at the threshold of 180.8-183.8 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.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 9:30 am, DOJI Group listed the price of gold rings at the threshold of 180.8-183.8 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.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of gold rings at the threshold of 180.8-183.8 million VND/tael (buying - selling), down 1.2 million 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 180.8-183.8 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.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 9:30 am, world gold prices were listed around the threshold of 5,128.7 USD/ounce, down 47.1 compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

On the international market, gold prices are under adjustment pressure as the USD and US Treasury bond yields rebound. This development caused the precious metal to lose most of the gains achieved in the previous trading session, although safe-haven demand still appeared amid escalating geopolitical tensions in the Middle East.

The most recent April gold contract fell sharply, falling back to around the threshold of 5,073 USD/ounce. Silver also could not avoid a downward trend when falling to about 81 USD/ounce.

Analysts believe that the recovery of the USD makes gold more expensive for investors holding other currencies, thereby putting pressure on the price of precious metals.

From a technical perspective, the gold market is facing important thresholds. Buyers are aiming to bring prices above the strong resistance zone around 5,434 USD/ounce - the highest level recorded in the week.

Conversely, sellers are seeking to pull prices below the important support level of 5,000 USD/ounce in the short term. Close resistance levels are determined at around 5,204 USD/ounce and 5,250 USD/ounce, while the support zone is around 5,005 USD/ounce and 4,900 USD/ounce.

In addition to technical factors, the market is also monitoring some information that could affect global gold supply. According to Bloomberg, Poland - a country that has strongly bought gold in the past two years - is considering the possibility of selling part of its gold reserves to mobilize financial resources for a plan to expand defense spending. If this plan is implemented, supply from one of the countries holding large gold reserves could put downward pressure on the market.

Meanwhile, Mr. Kyle Rodda - senior financial market analyst at Capital. com, said that geopolitical tensions are still a factor that can support gold in the long term. However, according to him, uncertainty surrounding current conflicts may cause gold prices to continue to fluctuate strongly in the near future.

Currently, investors are waiting for important US economic data, including the jobs report and the number of weekly jobless claims. This information is expected to provide more signals about the monetary policy of the US Federal Reserve (Fed), thereby significantly affecting the trend of gold prices in the short term.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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