Early this morning, the world gold price was listed on Kitco at 3,316 USD/ounce, unchanged from early yesterday morning.
Gold prices have slowed down due to profit-taking by some investors. In addition, the rising US dollar and bond yields have reduced the attractiveness of this precious metal.
Analysts say renewed selling pressure on gold comes as concerns about the global economy begin to subside. While there are still widespread concerns in financial markets, some analysts say economic uncertainty has peaked.
The market's current focus is on US-China trade tensions. While US President Donald Trump has claimed that his administration has begun trade talks with China, the Chinese government has denied this.
Gold price movements today
+ Domestic gold price
At 6:00 a.m. on April 28, the price of gold bars at Doji and SJC was listed at 119 - 121 million VND/tael (buy - sell), unchanged from early this morning.
Meanwhile, the price of gold rings currently listed by Doji at 114 - 116.5 million VND/tael (buy - sell), also unchanged.
+ International gold price
The world gold price listed on Kitco was at $3,316/ounce, unchanged from late yesterday afternoon. Gold futures last traded at $3,318/ounce.
Gold Price Forecast
The Kitco News Gold Survey shows that most Wall Street experts are bearish on gold prices. 46% predict gold prices will rise, 54% predict gold prices will fall. Market experts are starting to sound the alarm after the sharp rise in gold prices.
Gold’s decline last week was a healthy development, according to independent gold analyst Jesse Colombo, who said the price of gold could consolidate throughout the summer and maintain support around $3,000 an ounce.
Kelvin Wong, senior market analyst at Oanda, said he does not believe the gold rally is over. If trade talks between the US and China fail to produce a breakthrough and the US imposes more sectoral tariffs, the likelihood of greater uncertainty and the risk of stagflation in the US will increase. This in turn will weaken the US dollar, boosting the value of gold.
According to Ngoc Vy (VTC News)
Source: https://baogialai.com.vn/gia-vang-hom-nay-284-nha-dau-tu-chot-loi-vang-chung-lai-post320816.html
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