Gold price today, latest gold price news, how much is the domestic gold price, how much is the world gold price, SJC gold price, gold bar price…
Table of Contents
World gold price
World gold price at noon on 4/5 is currently listed at 1,883 USD/ounce.
The world gold price has rebounded after hitting the lowest level in the past 2.5 months and is currently having a slight recovery.
Recently, the gold price has continuously plunged as the USD found strong upward momentum when the Fed moved to raise interest rates by 50 basis points, weakening the attractiveness of the precious metal.
Not long ago, the US Dollar Index reached 103.93 points – the highest level in 20 years.
At the same time, the price of gold failed to break above $2,000/ounce and was under strong selling pressure causing the price to drop by nearly 5%.
Domestic gold price
Domestic gold price on the afternoon of 4/5 currently tends to decrease slightly. Accordingly, SJC gold in Hanoi and Ho Chi Minh City is currently listed at 69.30 – 69.90 million VND/tael bought and sold.
PNJ gold price is currently listed at 54.50 – 55.60 million VND/tael bought and sold.
The price of 24K gold jewelry is currently listed at 53.90 – 54.70 million VND/tael bought and sold.
The price of 18K gold jewelry is currently being sold for 39.78 – 41.18 million VND/tael bought and sold.
The price of 14K gold jewelry is currently listed at 30.75 – 32.15 million VND/tael bought and sold.
Update the latest domestic gold price list
Gold price forecast
According to experts, the Fed’s ‘hawkish’ stance is expected to have a strong impact on the gold market in the coming time.
Meanwhile, gold prices this week fell to a 2.5-month low as investors liquidated their bullish gold bets ahead of the Fed’s monetary policy decision.
Gold prices are currently struggling, but analysts say that gold still has the advantage of being an effective hedge against inflation.
According to Huw Roberts, an expert at Quant Insight, the current inflation situation is taking away the role of government bonds and becoming an effective haven. This expert also said that in an environment with many price fluctuations, gold is currently the most optimal hedge against inflation.