World Gold Sideways at $3,371, Domestic SJC Hits Peak 127.1 Million: Analyzing Record Price Gap

Global Consolidation, Domestic Still "Feverish"

After the recent strong surge, world gold prices are currently moving sideways around the $3,371/ounce mark, showing the market is in an accumulation and consolidation phase. From the Price Action analysis experience Al Brooks taught me, sideways periods after strong uptrends are usually signs the market is "breathing" before deciding the next direction.

SJC Gold Hits Historic Peak of 127.1 Million VND

While world gold moves sideways, domestic SJC gold continues hitting peaks at 127.1 million VND per tael. This number is truly impressive and shows Vietnamese gold investment psychology remains very strong. Bob Volman taught me that when there are large price differences like this, there are usually specific factors at play.

Record Gap and Its Significance

Converting world gold at $3,371/ounce at current exchange rates to about 112 million VND per tael (excluding taxes and fees), SJC gold is trading about 15 million VND per tael higher. This is quite a large gap reflecting many complex factors in Vietnam's gold market.

Reasons for High Price Gap

With the TramNgo FX-Crypto Community, I analyze this gap could come from several factors: gold bar supply being restricted due to strict management policies, high safe-haven demand from domestic investors, and FOMO psychology when seeing world gold continuously rising recently.

Analysis of Vietnamese Investor Psychology