Gold prices break the $4,000 mark, SJC faces the risk of a sharp decline. - Vietnam.vn

AI desk brief

Gold fell below the psychologically important $4,000/oz level, with spot at one point retreating to $3,980/oz after a strong reversal from a late-January peak around $5,600/oz. The article says the metal is down about 8.2% YTD and warns that a break of support could trigger more stop-loss and short-selling pressure.

In Vietnam, SJC bars were quoted around 138.7 million VND/oz bid and 141.7 million VND/oz offered, while gold rings were around 135 million VND/oz bid and 136.8–140.8 million VND/oz depending on the brand. The domestic premium versus the converted world price has widened sharply to more than 18 million VND/oz from about 5 million in mid-October, raising the risk of further volatility.