Updated gold price at the end of session 19.3: Forecast of new peak

Updated SJC gold price

As of 5:45 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND98-99.5 million/tael (buy in - sell out), an increase of VND1.3 million/tael for both buying and selling. The difference between buying and selling prices is at 1.5 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 98-99.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael for both buying and selling. The difference between buying and selling prices is at 1.5 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 98-99.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael for both buying and selling. The difference between buying and selling prices is at 1.5 million VND/tael.

9999 round gold ring price

As of 5:45 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 98.3-99.9 million VND/tael (buy - sell); an increase of 1.1 million VND/tael for buying and an increase of 1.2 million VND/tael for selling. The difference between buying and selling is listed at 1.6 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 98.35-100 million VND/tael (buy - sell); increased by 830,000 VND/tael for buying and increased by 1.2 million VND/tael for selling. The difference between buying and selling is 1.65 million VND/tael.

World gold price

As of 5:15 p.m., the world gold price continued to break a new peak, up to 3,033.9 USD/ounce, up 5.3 USD/ounce compared to yesterday afternoon's session.

Gold price forecast

World gold prices increased despite the increase of the USD. Recorded at 5:40 p.m. on March 19, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.335 points (up 0.42%).

"According to current momentum, gold futures could reach $3,200 an ounce in the next month. Although there may be a few corrections, I think buyers are still waiting for an opportunity to enter an order at a lower price, even a little bit" - Matt Simpson, senior analyst at City Index, commented.

Investors are concerned about the risk of an economic recession due to US President Donald Trump's tariff policies, which could increase inflation.

These tariffs have increased trade tensions, including a 25% tax rate on steel and aluminum effective from February, along with counterpart and industry-by- industry tariffs expected to take effect from April 2.

"There seems to be no stopping gold's rally as escalating geopolitical tensions in the Middle East, rising global economic risks and tariff uncertainties are strengthening gold's position as a safe haven asset to market volatility," said Yeap Jun Rong, market strategist at IG.

Israel launched an airstrike across the Gaza Strip on the morning of March 18, killing more than 400 Palestinians, according to local health officials. This was the bloodiest attack in the entire 17-month war, mainly claiming the lives of women and children, according to the Gaza Ministry of Health.

Prime Minister Benjamin Netanyahu said the attack on Gaza was just begun and would continue until all targets were achieved.

Investors are waiting for the US Federal Reserve's decision on the day. The Fed is expected to keep policy interest rates unchanged at around 4.25%-4.5% at the end of the two-day meeting later today.

"If the Federal Open Market Committee (FOMC) meeting speaks in a moderate tone in response to growing uncertainty about the impact of tariffs on growth... then this could be a signal for gold to surpass the $3,050/ounce mark" - Tim Waterer, market analyst at KCM Trade, said.