Following the increase in world gold prices, on April 12, SJC gold bar price set a new record of 85 million VND/tael. The price of gold rings and gold jewelry also escalated.
In response to the authorities’ move to control the gold market, the domestic gold price has adjusted. Closing the session on April 13, the price of 9999 gold bars at SJC Ho Chi Minh City was 80.6 million VND/tael (buying) and 83.1 million VND/tael (selling).
DOJI Hanoi listed at 80.6 million VND/tael (buy) and 83.1 million VND/tael (sell). DOJI Ho Chi Minh City bought SJC gold at 80.6 million VND/tael, sold it at 83.2 million VND/tael.
Gold price forecast next week
This price increase came as a surprise to many experts and metal market observers because prices increased continuously, continuously setting new peaks, exceeding forecasts even though the market had bad news and negative impact factors. extreme to gold.
Experts predict that gold prices will continue to increase. Photo: Kitco
Frank McGhee, head of precious metals dealer at Alliance Financial, said the market is in a really strange economic situation, as illogical as it sounds, gold and USD move in the same direction.
He said that many market views may no longer be appropriate. Even technical charts are no longer accurate now. According to this expert, the USD and gold both act as safe havens when fear spreads globally.
Colin Cieszynski, Chief Market Strategist at SIA Wealth Management, said world gold prices ended the week with a strong increase. He expressed optimistic views about the market next week.
Technically, after the breakthrough beyond the 2,100 USD/ounce mark, gold prices are expected to continue to create a new peak at 2,500 USD/ounce.
Nikolai Dudchenko, Analyst of Finam Financial Services Company, said the possibility that gold prices will continue to increase in the long term to about 2,650-2,700 USD/ounce cannot be ruled out.