Gold price falls | VTV.VN

Open trading day, SJC gold price listed by Saigon Jewelry Company in Hanoi market at 69.3 – 70.02 million dong/tael (buy in – sell out), down 50,000 dong/tael in both buying and selling direction. compared to yesterday’s close.

At Phu Quy Jewelry Company listed the price of SJC gold decreased by 150 thousand dong/tael in the buying afternoon and 100,000 dong/tael in the selling afternoon compared to yesterday’s closing, at 69.2 – 69.9 million dong/tael (buy in – sell out).

SJC gold jewelry corrected down in this morning. Specifically, the price of 24K gold decreased by 150,000 VND/tael, listed at 54.50 – 55.30 million VND/tael (buy in – sell out);

SJC 18K gold jewelry decreased by 110,000 VND/tael, listed at 39.63 – 41.63 million VND/tael (buy in – sell out) and 14K grade decreased by 90,000 VND/tael for both trading directions, listing listed at 30.39 million dong/tael in the buying side and 32.39 million dong/tael in the selling side.

World gold price to the lowest of two months

In the world market, the world gold price fell to a two-month low on April 27 as the dollar maintained its upward momentum with the prospect of the US Federal Reserve (Fed) stepping up tightening. monetary policy. During the session, there was a time when the price dropped to the lowest level since February 24 at $ 1,881.45.

In the morning session of April 28, the spot gold price fell 0.05% to $1,885.58 per ounce at 6:44 am (Vietnam time), according to Kitco. Gold price for June delivery also fell 0.12% to $1,886.4.

Gold’s price decline was also due to the deep downward pressure on the US stock market, causing many investors to sell gold to avoid selling off their stocks in the case of margin loans on the stock market.

Gold trading activity in China’s largest gold consuming country also declined when many major cities were locked down to prevent the spread of COVID-19.

However, according to many experts’ forecasts, the possibility of a deep drop in gold prices is not large because gold is still considered a haven asset for investors when the world has too many unstable factors like the present, from The COVID-19 pandemic is still raging until war and conflict.

According to Commerzbank, gold may rise back to $2,000/ounce in the second quarter. However, the average price of the whole year will be only 1,900 USD/ounce.

Gold price going down in the short term?

VTV.vn – Domestic and international gold prices are forecasted to be heavily impacted by interest rate hike signals from the US Federal Reserve (FED).

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