Updated SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND98.8-101.3 million/tael (buy - sell), down VND700,000/tael for buying and down VND900,000/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
At the same time, DOJI Group listed the price of SJC gold bars at 98.8-101.3 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 98.8-101.3 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 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 98.5-101.3 million VND/tael (buy - sell); down 200,000 for buying and down 900,000 VND/tael for selling. The difference between buying and selling is listed at 2.8 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 98.8-101.3 million VND/tael (buy - sell); down 300,000 VND/tael for buying and down 1 million VND/tael for selling. The difference between buying and selling is 2.5 million VND/tael.
World gold price
As of 0:50 on April 4, the world gold price was listed at 3,022.4 USD/ounce, down 87.9 USD/ounce.
Gold price forecast
Gold prices fell and silver prices fell sharply, hitting a 9-week low at the beginning of the US trading session on Friday. Despite high risk concerns this weekend, safe-haven metals are facing profit-taking pressure and weak buying positions from short-term futures traders.
Gold in June fell $21.6 to $3,100.1 an ounce. January silver price decreased by 1.015 USD to 30.955 USD.
Flows in the global market are overshadowing the US Labor Department's March jobs report. The key figure for non-farm payrolls rose more than expected, reaching 228,000 from the forecast increase of 140,000, and compared to the adjusted increase of 117,000 in the February report.
Asian and European stock markets both fell sharply in the overnight trading session. The US stock index is also trending down sharply and opening at its lowest level in many months today in New York.
Risk concerns remained high at the trading weekend, after the US tariff news was released on Wednesday, and now there are trade retaliations from US partners. Typically, China has just announced a new 34% tariff on all US goods imported into the world's second largest economy.
The US Federal Reserve's interest rate futures market is currently showing the possibility of the US reducing interest rates 5 times this year. Each time decreased by 0.25%, a total of 1.25% this year. Analysts said this reflects the possibility of a recession in the US economy.
Billionaire Warren Buffet has said he likes to buy stocks when he is "blood on the street", and also said that when the majority of people are greedy, he is afraid, and when the majority of people are afraid, he is greedy. Many people will agree that this is the current situation.
The Japanese Yen and the Swiss French were being bought as safe-haven assets this week.
Technically, June gold bulls still have an overall technical advantage in the short term. Their next target is to close above strong resistance at a contract high of $3,201/ounce. The target for the sellers to reduce the price of futures contracts is to push the futures contract price below the solid technical support level at 3,031.00 USD. The first resistance was seen at $3,150, followed by an overnight high of $3,160.2.
Key outside markets today showed the USD index rising slightly. Nymex crude oil prices fell sharply, hitting a nearly four-year low and are currently trading around $62/barrel. The yield on the benchmark 10-year US government bond is currently below 4% and is currently at 3.9%. US bonds are witnessing buying amid strong market fluctuations.
See more news related to gold prices HERE...
