SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at 168-171 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week's trading (March 15), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 11.6 million VND/tael in both directions.
Meanwhile, DOJI listed SJC gold price at the threshold of 168-171 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 15), the price of SJC gold bars at DOJI decreased by 11.6 million VND/tael in both directions.
If buying SJC gold bars on March 15 and selling them on today's session (March 22), buyers at Saigon SJC and DOJI Jewelry Company will lose 14.6 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at the threshold of 168.1-171.1 million VND/tael (buying - selling), down 11.5 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 168-171 million VND/tael (buying - selling), down 11.5 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
If buying gold rings on March 15 and selling them on today's session (March 22), buyers at DOJI and Phu Quy will both lose 14.5 million VND/tael.
World gold price
Closing the week's trading session, world gold prices were listed at 4,490.2 USD/ounce, down 527.5 USD compared to a week ago.
Gold price forecast
Kitco News' latest weekly gold survey shows that market sentiment is clearly differentiated, but the short-term trend is leaning towards negativity.
Most Wall Street experts have shifted to a pessimistic view as gold prices continuously break important support levels. Meanwhile, individual investors (Main Street) also moved to "bearish" status for the first time after many months, reflecting the sharp downward pressure of precious metals in recent times.
The main reason for the weakening of gold prices comes from the increase in interest rates and bond yields, the strengthening of the USD and expectations that central banks, especially the US Federal Reserve (Fed), will maintain tight monetary policy for longer. Geopolitical tensions in the Middle East, especially related to the Iranian conflict, also create unusual fluctuations.
According to some experts, gold usually increases before major events occur and then adjusts due to the psychology of "buying rumors, selling the truth".
In the short term, many forecasts suggest that gold prices may still continue to fall, even retreat to the 4,100 - 4,000 USD/ounce range if selling pressure is maintained. Some technical analysis also shows that the previous upward trend is being broken, causing the risk of deeper correction to increase. However, many opinions suggest that the current downward momentum may have been "overtaken", opening up the possibility of recovery in the near future.
In the medium and long term, the outlook for gold is still positively assessed. Foundation factors such as high inflation, risk of global economic recession and geopolitical instability have not disappeared.
As the conflict cools down and the market returns to focus on monetary and fiscal issues, safe-haven demand for gold may increase again. Some experts believe that in the next 6-12 months, gold prices may recover and return to an upward trend.
In general, in the coming week, the gold market may continue to fluctuate strongly and be greatly affected by the developments of the Middle East war and US economic data. Investors need to be cautious about short-term risks, but can still expect more positive prospects in the long term.
Gold price data is compared to a week earlier.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
See more news related to gold prices HERE...
