Update SJC gold price
As of 10h45, SJC gold price was listed by SAGA SJC VBD Company at the threshold of 86.8-90.3 million dong/tael (bought - sold); Increasing VND 300,000/tael both buy and sell.
SJC gold price difference at Saigon SJC VBQ Company increased to 3.5 million VND/tael.
Meanwhile, SJC gold price listed by DOJI Group at the threshold of VND 86.8-90.3 million/tael (purchased - sold); Increasing VND 300,000/tael both buy and sell.
SJC gold price difference at Doji Group is at 3.5 million VND/tael.
Gold price round 9999
As of 10h45 today, the price of gold ring 9999 prosperity at Doji listed at the threshold of 86.6-90.3 million VND/tael (purchased - sold); Increasing VND 300,000/tael both bought and sold compared to early morning.
Bao Tin Minh Chau listed the price of gold rings at the threshold of VND 86.8-90.25 million/tael (bought - sold), an increase of 300,000 VND/tael both in the two directions and sold compared to the early morning.
Recently, domestic gold price fluctuated strongly. Worth mentioning, the difference in buying - selling is increasingly expanded, up to 3.7 million/tael.
The difference in buying and selling prices is too large, creating a huge risk for gold investors. When the difference is pushed up, the price of gold not only needs to increase but must increase sharply to help investors escape losses.
World gold price
As of 10h40, the world gold price listed on Kitco at the threshold of US $ 2,861.2/ounce, down 6.3 USD/ounce compared to the beginning of the previous trading session.
Gold price forecast
World gold price decreases in the context of increasing dollar. Recognized at 10:45 am on 8.2, the US Dollar Index measured the fluctuations of green silver coins with 6 key currencies at the threshold of 107,930 points (up 0.35%).
According to Kitco - Gold price is supported by the need to hide safely in the context of the market still concerned about rapid changes in the US government policy.
Price speculators note that the safe demand for shelter is creating a solid support level, even if the USD index has a strong session.
Veteran Fund Manager Adrian Day - CEO of Adrian Day Asset Management - said that this is only the beginning. "I will not be surprised if the gold price reaches 3,500 - 4,000 USD/ounce in the next 12 months," he told Kitco News.
“Gold is increasing even when the dollar is strong. When the green is weakened, we can witness a stronger breakthrough ” - the expert said.
According to the latest report of the World Gold Council (WGC), global gold demand reaches a record of 4,974 tons in 2024, marking the third consecutive year of central banks to buy more than 1,000 tons.
The countries that buy the most gold include China, Poland and Türkiye, in the context that these countries want to diversify reserves from the dollar due to concerns about economic and geopolitical risks.
Adrian Day considers this as the main factor that promotes the power of gold.
The April gold contract tends to increase sharply in the short term. Gold price still goes on the daily chart. The buyer (the betting party increases) is aiming to push the price exceeding the threshold of $ 3,000/ounce. On the contrary, the seller (the side expects to decrease) want to pull the price down to less than 2,800 USD/ounce.
In the immediate future, the first level of gold price is 2,900 USD/ounce, then the highest level of this contract at 2,906 USD/ounce.
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