Gold price today April 20: Violent fluctuations, all forecast to continue increasing

On Sunday morning, April 20, the price of SJC gold bars was listed by businesses at around 112 million VND/tael for buying and 114 million VND/tael for selling, down 6 million VND compared to the highest price of the week but up 7.5 million VND/tael compared to the end of last week. During the week, the "peak" price of SJC gold bars reached 120-121 million VND/tael.

Gold bar prices had a week of intense fluctuations, increasing and decreasing by tens of millions of dong per day.

Similarly, the price of 99.99 gold rings and jewelry gold of all kinds was listed by businesses at 109.5 million VND/tael for buying and 113.5 million VND/tael for selling - an increase of 8.6 million VND/tael compared to the end of last week.

This is also a shocking increase in the price of gold rings. However, the highest price of the week was up to 117 million VND/tael, before plummeting along with the price of SJC gold bars.

SJC gold bar prices fluctuated violently last week.

Domestic gold prices jumped following the increase in world prices. In the international market, gold prices closed the trading week at $3,327/ounce, up about $100/ounce compared to the end of last week. Gold prices reached an all-time high, not only exceeding all forecasts but also surprising even the most optimistic people.

Notably, after continuously setting historical peaks, gold prices received expectations from both experts and analysts about the upcoming trend, according to Kitco's survey results.

Accordingly, in a survey on Wall Street, 16 analysts participated in the response, of which 63% predicted that gold prices would continue to increase, only 25% expected gold prices to decrease, and the rest said that gold prices would go sideways.

Domestic gold price peaked at 120 million VND/tael last week

Similarly, in an online survey on Main Street, 312 investors responded, of which 63% said that gold prices will continue to rise, reaching new highs, only 18% predicted that gold prices will decrease and the rest said that gold prices will go sideways.

According to analysts, there will be many important economic news released next week. Gold prices are benefiting from the flow of money seeking a safe haven from the constant changes in US tariff policies with other countries. However, gold prices may also reverse after reaching a peak of over 3,300 USD/ounce.

Currently, the world gold price converted according to the listed exchange rate is about 104.6 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-20-4-bien-dong-du-doi-dong-loat-du-bao-tang-tiep-196250419212125304.htm