Gold price update at the close of March 26: Decline, cash flow shows signs of withdrawing from the market

SJC gold bar price

As of 5:15 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 168.4-171.5 million VND/tael (buying - selling), down 3.6 million VND/tael on the buying side and down 3.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.1 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 168-171.5 million VND/tael (buying - selling), down 2.5 million VND/tael on the buying side and down 2 million VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.

9999 gold ring price

As of 5:15 PM, DOJI Group listed gold ring prices at the threshold of 168.5-171.5 million VND/tael (buying - selling), down 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed gold ring prices at the threshold of 168-171 million VND/tael (buying - selling), down 4.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 168-171 million VND/tael (buying - selling), down 2.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

World gold price

At 5:15 PM, world gold prices were listed around the threshold of 4,424.6 USD/ounce, down 149.8 USD compared to the previous day.

Gold price forecast

Gold prices continue to face short-term adjustment pressure, as cash flow shows signs of withdrawing from the market and investor sentiment becomes more cautious in the face of geopolitical fluctuations.

Recent developments show that although tensions in the Middle East have not shown signs of cooling down, gold prices have not increased as expected. Even, this precious metal has decreased sharply after a period of hot increase. One of the main reasons is the wave of capital withdrawal from gold ETF funds, reflecting the trend of reducing the holding ratio of institutional investors.

In addition, profit-taking activities after the previous strong increase cycle also put pressure on gold prices. When the market experiences major fluctuations, many investment funds tend to sell profitable assets to ensure liquidity, causing gold prices to bear downward pressure, although geopolitical risk factors are still present.

Notably, Mr. Robin Brooks - senior expert at the Brookings Institution said that the downward trend of gold does not mean that this precious metal is losing its safe haven role. According to him, the strong participation of individual investors in recent times has changed the movement of the market, causing gold to tend to fluctuate similarly to risky assets in the short term.

From another perspective, Standard Chartered experts believe that the amount of gold currently in a loss-making state in the market is still large, posing a risk of further selling if prices do not recover clearly. This shows that supply pressure has not decreased.

In that context, the monetary policy outlook of the US Federal Reserve (Fed) will continue to be an important influencing factor. If interest rates remain high, the attractiveness of gold - which is an unprofitable asset - may be reduced.

However, in the long term, many experts still maintain a positive view of gold. Loose fiscal policies and prolonged geopolitical risks are expected to continue to support demand for risk-weighted assets. The problem of the current market is mainly technical correction after a period of hot increase, rather than changes in long-term trends.