Updated SJC gold price
As of 5:45 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND95.9-97.9 million/tael (buy - sell), an increase of VND800,000/tael for buying and an increase of VND280,000/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, DOJI Group listed the price of SJC gold bars at VND95.9-97.9 million/tael (buy - sell), an increase of VND800,000/tael for buying and an increase of VND300,000/tael for selling. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 96-97.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael for buying and an increase of 320,000 VND/tael for selling. The difference between buying and selling prices is at 1.9 million VND/tael.
9999 round gold ring price
As of 6:15 p.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 96.1-98.7 million VND/tael (buy in - sell out); increased by 300,000 VND/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 96.3-98.8 million VND/tael (buy - sell); increased by 300,000 VND/tael for buying and increased by 200,000 VND/tael for selling. The difference between buying and selling is 2.5 million VND/tael.
World gold price
As of 6:10 p.m., the world gold price was listed at 3,025.2 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD decreasing. Recorded at 6:10 p.m. on March 25, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.772 points (down 0.15%).
According to Reuters, gold prices increased on Tuesday as uncertainty about US tariffs next week continued to boost demand for safe havens amid concerns about the US economic downturn and rising inflation.
There is still much uncertainty about the scope and extent of US countervailing tariffs in the coming period. Gold still found certain support as a hedge against potential surprises," IG market strategist Yeap Jun Rong said.
On Monday, US President Donald Trump announced that tariffs on cars will be imposed, pointing out that not all of the tariffs he had declared would be implemented on April 2, a move that Wall Street viewed as a sign of flexibility in the issue that has disrupted the market over the past week.
Donald Trump's tax policies are often expected to help slow economic growth, causing further trade tensions and pushing inflation higher.
Atlanta Federal Reserve Chairman Raphael Bostic said he expects the rate of inflation to slow in the coming months. Therefore, he believes that the US Federal Reserve (FED) will only cut the standard interest rate by a quarter of a percentage point by the end of 2025.
Gold, seen as a hedge against geopolitical and economic uncertainty, has thrived in a low-interest-rate environment.
According to Kitco, although the USD remains strong above 103 points, US interest rates are not strong enough to threaten the gold price increase. shifting taxes and the global economy will continue to support gold.
In an interview with Kitco News, George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, said he does not expect the current neutral stance of the US Federal Reserve (FED) to create a major threat to gold prices for the rest of the year.
He made this comment after the FED kept interest rates unchanged last week. In its latest economic forecasts, the US central bank has revised down its growth forecast and increased its inflation forecast. The Fed forecasts the US economy to grow 1.7% this year and inflation to 2.7%, higher than previous forecasts of 2.1% and 2.5%.
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...
