Updated SJC gold price
As of 5:45 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND95.1-97.62 million/tael (buy - sell), an increase of VND700,000/tael for buying and an increase of VND220,000/tael for selling. The difference between buying and selling prices is at 2.52 million VND/tael.
At the same time, DOJI Group listed the price of SJC gold bars at VND95.1-97.6 million/tael (buy - sell), an increase of VND700,000/tael for buying and an increase of VND200,000/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at VND95.3-97.6 million/tael (buy - sell), an increase of VND500,000/tael for buying and an increase of VND200,000/tael for selling. The difference between buying and selling prices is at 2.3 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 VND95.8-98.4 million/tael (buy in - sell out); increased by VND200,000/tael for both buying and selling. The difference between buying and selling is listed at 2.6 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 96-98.6 million VND/tael (buy - sell); down 100,000 VND/tael for buying and kept the same for selling. The difference between buying and selling is 2.6 million VND/tael.
World gold price
As of 6:45 p.m., the world gold price was listed at 3,027.1 USD/ounce, up 3.7 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD decreasing. Recorded at 6:45 p.m. on March 24, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.740 points (down 0.13%).
After a volatile week, many experts believe that gold prices will continue to grow next week. I think the gold market will continue to maintain its upward momentum in the coming time, said Darin Newsom, a market analyst. While $3,000 an ounce may have made buyers more cautious for some time, I have not seen any clear signs that the market is taking profits.
Therefore, I predict that gold prices will continue to increase in the short term, at least in the next few weeks. However, the fact that $3,000/ounce may reduce the short-term increase is not a cause for concern about the large decrease in gold prices at this time".
According to Adam Button from Forexlive.com, he commented that although he was not too worried about gold's price drop on Friday, he also noticed some notable new factors in the gold market: "One of the important factors is the weakness of the USD this year, which could increase gold prices more strongly.
In addition, political and commercial events could fuel a shift away from risky assets to gold, especially when there is no clarity on tariff issues. In general, I think gold will continue to increase in the coming time".
On the other hand, some experts believe that gold will face a short-term correction. Adrian Day, chairman of Adrian Day Asset Management, said: A break in golds strong rally is completely normal, and I think this will benefit the market in the long term.
While this adjustment could reduce gold prices in the short term, I believe it is just a short adjustment and will not last long. The gold market may continue to recover after a period of price increase suspension".
In addition to optimistic and negative comments, some experts have a neutral view on gold prices in the coming time. Results from the Kitco News survey show that about 33% of experts predict gold will move sideways and stably next week. This division shows that the gold market is facing mixed factors and cannot clearly determine the next trend.
Economic data to watch this week
Monday: S&P Global (USA) preliminary manufacturing and service PMI.
Tuesday: US consumer confidence, New home sales (US).
Wednesday: long-term orders in the US.
Thursday: homes waiting for transactions (number of unclosed home purchase contracts), US Q4 GDP.
Friday: US core PCE Index, US personal income and expenses.
See more news related to gold prices HERE...
