Updated SJC gold price
As of 5:45 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND96.7-98.4 million/tael (buy - sell), an increase of VND800,000/tael for buying and VND500,000/tael for selling. The difference between buying and selling prices is at 1.7 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 96.7-98.4 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.7 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 96.8-98.4 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.6 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 96.7-99 million VND/tael (buy - sell); increased by 600,000 VND/tael for buying and increased by 300,000 VND/tael for selling. The difference between buying and selling is listed at 2.3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 96.8-99.1 million VND/tael (buy - sell); increased by 500,000 VND/tael for buying and increased by 300,000 VND/tael for selling. The difference between buying and selling is 2.3 million VND/tael.
World gold price
As of 6:30 p.m., the world gold price was listed at 3,028.4 USD/ounce, up 3.1 USD/ounce.
Gold price forecast
World gold prices fluctuated slightly in the context of the USD not having many changes. Recorded at 6:40 p.m. on March 26, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.902 points (up 0.07%).
In the short term, expert Colin Cieszynski from SIA Wealth Management said that gold prices continue to fluctuate around $3,000/ounce. The market is waiting for more signals from the US main tax list and political forums in the Middle East and Eastern Europe.
According to George Milling-Stanley - Chief Gold Strategist at State Street Global Advisors, he does not expect the current neutral stance of the FED to pose many threats to gold prices in the remainder of the year. The declining US interest rate will not support the greenback much.
According to Milling-Stanley, uncertainties surrounding potential tariffs on US President Donald Trump will be greater than the impact of the Fed's monetary policy on the USD. This is also a factor that causes cash flow to flow to gold.
In the medium term, gold is expected to surpass the newly established peak of 3,055 USD/ounce after investors returned to gold after a decline. However, this depends largely on the geopolitical situation in some regions and the strength of the USD.
Company Generale (SocGen - a large multinational bank headquartered in France) has just announced a strategy for a multi-asset investment portfolio for the second quarter. The bank still holds 7% of its portfolio in gold and predicts that gold prices could reach $4,000/ounce.
SocGen pointed out that there are growing doubts about the special position of the United States, leading to a change in investment flows globally. In this situation, investors should keep gold as an important preventative asset.
At 7%, gold is still the largest commodity in SocGen's portfolio. Gold is still a strong upward asset in the context of geopolitical reshaping under the US administration, causing strong policy responses, said analysts.
In another development, India has partly suspended a program to encourage households and organizations that deposit gold not to use them to receive interest due to rising gold prices.
This "gold monetization" program was introduced in 2015, including gold deposits with a term of 1-3 years, 5-7 years and 12-15 years.
Gold deposits for 5-7 and 12-15 years have been suspended, the country's Finance Ministry said on Tuesday evening, citing the changing market situation and the effectiveness of the program. Banks can still provide short-term gold deposits depending on their commercial feasibility, the Indian Finance Ministry added.
This move is expected to help reduce government financial obligations in the future and reduce risks related to gold prices.
Economic data to watch this week
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...
