.jpg "Livestock output increased by 31.6%")
.jpg "Each tael of gold reversed and decreased by more than 3 million VND.")
.jpg "Kim Thanh reclaims more than 234 hectares of land to build an industrial park")
.jpg "Binh Giang's first quarter budget revenue reached nearly half of the province's annual target.")
.jpg "Early spring tea")
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Gold prices today on the world market ended the week of increases, continuing to set new records.
Domestic gold price
At the close of April 6, the price of 9999 gold bars at SJC Ho Chi Minh City was 79.5 million VND/tael (buy) and 81.9 million VND/tael (sell). SJC Hanoi listed at 79.5 million VND/tael (buy) and 81.92 million VND/tael (sell).
Doji Hanoi listed at 79 million VND/tael (buy) and 82 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 79 million VND/tael and sold at 82 million VND/tael.
International gold price
Gold prices on Kitco closed the week at $2,329/ounce. Gold futures for June 2024 delivery on the Comex New York floor traded at $2,349/ounce.
The world gold market ended the week with strong price increases. The precious metal increased by nearly 5% compared to last Friday. After increasing to 2,220 USD/ounce before the holiday, the world gold price continued to set a new record of 2,329 USD/ounce in the last trading session of the week.
Ole Hansen, head of commodity strategy at Saxo Bank, said gold attracted safe-haven flows as geopolitical tensions in the Middle East heated up over Israel's war with Hamas in Gaza.
The possibility of the US central bank delaying interest rate cuts, increasing global conflicts,... are factors that positively affect gold prices.
Mr. Jerome Powell, Chairman of the US Federal Reserve (Fed), reaffirmed the agency's view that there is no rush to raise interest rates.
The US Dollar Index (DXY) measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closing the week at 104.29 points.
Gold Price Forecast
Commenting on the gold market, experts said that gold prices are likely to continue to increase, far surpassing many predictions at the end of last year. The gold market continues to conquer new milestones.
Phillip Streible, strategist at Blue Line Futures, said money was pouring into the market, supporting gold prices. Rising tensions in the Middle East also boosted demand for safe-haven assets like gold.
In addition, strong buying demand from central banks around the world and speculative activities are also factors that keep the gold market hot.
According to Bank of America, gold prices are aiming for a target of $2,400/ounce.
HA (Synthetic)
.jpg "Hai Duong's agricultural, forestry and fishery value increased by 7.51% in the first quarter.")
