Domestically, gold prices of various brands have just ended the week with a “skyrocketing” increase to new record levels. At the end of the week, SJC gold bars were traded at VND106.5 million/tael; SJC gold rings were traded at VND104.9 million/tael.
In the domestic market, last week, following the world gold price trend, gold prices of all brands simultaneously increased sharply to new record levels.
At the end of the week, the price of SJC gold bars was traded at 106.5 million VND/tael, the highest ever, up 6.4 million VND/tael compared to the end of last week.
Specifically, at 4:00 p.m. on April 13, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 103-106.5 million VND/tael. The difference between buying and selling is 3.5 million VND/tael.
The price of SJC 9999 gold ring is 102.4 million VND/tael for buying and 105.4 million VND/tael for selling, an increase of 4.9 million VND/tael compared to last weekend.
DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 103 million VND/tael and sold at 106.5 million VND/tael.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 101.2-104.8 million VND/tael.
PNJ Gold is currently buying at 101.2 million VND/tael and selling at 104.9 million VND/tael.
As of 4:00 p.m. on April 13 (Vietnam time), the world gold price increased by 60.8 USD compared to the previous session to 3,236 USD/ounce.
World gold prices continued to rise sharply last week to new historical peaks as US stocks continued to "shake", the USD fell sharply, causing cash flows to flow into gold due to continuous changes in US tariff policies with trade partners.
The latest Kitco News weekly gold survey shows that professionals are more bullish than ever, while retail traders are also more bullish on gold prices as everything around them weakens.
This week, 16 Wall Street analysts participated in the Kitco News Gold Survey. Wall Street experts are unanimous on the short-term outlook for gold, with 15, or 94%, predicting that prices will continue to rise next week. None predict that prices will fall. And only 1 expert, or 6%, thinks that prices will hold steady at these high levels.
Meanwhile, on Main Street, 189 retail investors, or 69%, of the 275 investors who participated in Kitco’s online poll believe gold prices will rise next week. Fifty investors, or 18%, expect gold prices to trade lower. The remaining 36, or 13%, are neutral.
Marc Chandler, CEO of Bannockburn Global Forex, said that many people are talking about capital outflows from the United States and a weakening dollar. The continued volatility of the market and the sharp decline in the dollar have pushed the precious metal to record highs. According to Marc Chandler, gold prices could jump to $3,300 and up to $3,500 an ounce in the near future.
“The latest pullback in gold, like all recent pullbacks, has been short-lived,” said Adrian Day, chairman of Adrian Day Asset Management. “Gold has a lot of support and buyers are eager to buy.”
Today, the USD-Index fell to a 3-year low of 100.10 points; the yield on 10-year US Treasury bonds rose to 4.495%; US stocks recovered after a week of "panic"; world oil prices turned up after a sharp decline, trading at 64.76 USD/barrel for Brent oil and 61.50 USD/barrel for WTI oil.
Source: https://baotuyenquang.com.vn/gia-vang-ngay-13-4-tang-khong-ngung-vang-mieng-sjc-lap-ky-luc-moi-o-muc-1065-trieu-dong-luong-209963.html
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