Gold price update at the close of the session on February 27: Sideways, difficult to break through

SJC gold bar price

As of 6:00 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 181-184 million VND/tael (buying - selling), down 900,000 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 180.5-183.5 million VND/tael (buying - selling), down 500. 00 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 Jewelry Group listed SJC gold bar prices at 181-184 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

9999 gold ring price

As of 6:00 PM, DOJI Group listed the price of gold rings at the threshold of 180.9-183.9 million VND/tael (buying - selling), unchanged in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 180.5-183.5 million VND/tael (buying - selling), down 500. 00 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 180.5-183.5 million VND/tael (buying - selling), unchanged in both directions. The buying - selling difference 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 6:08 PM, world gold prices were listed around the threshold of 5,176.1 USD/ounce, slightly up 4.3 USD.

Gold price forecast

World gold prices are maintaining a state of fluctuation below the 5,200 USD/ounce zone after a strong correction at the end of January. Despite short-term profit-taking pressure, many major financial institutions still maintain a positive view of the medium-term outlook for the precious metal.

In a recent report, Bank of America (BofA) continued to maintain its target of 6,000 USD/ounce for the next 12 months. However, the bank noted that the market may still fluctuate in the spring as speculative cash flow cools down after a period of hot increase.

We are concerned about capital flows after the recent fluctuations," the analysis group said, while emphasizing that the previous upward momentum was driven by three pillars including physical gold demand, buying power from central banks and cash flow into ETF funds. If one of these drivers weakens temporarily, the price may enter a longer-than-expected accumulation phase.

However, BofA believes that instability related to US tariff policy and the prospects of US Federal Reserve (Fed) management may continue to support gold. In the context of the market still having much debate about interest rates and the Fed's balance sheet, gold is still considered an effective risk hedging tool.

From another perspective, Mr. Nitesh Shah - Director of Commodity and Macroeconomic Research at WisdomTree - assesses that gold is in a better position than silver in the remainder of the year. He believes that the recent increase has a clear speculative element, but the long-term support foundation has not changed, especially when concerns about public debt and "fiscal dominance" increase. "If debt repayment costs become unsustainable, central banks will have to react in one way or another," Mr. Shah said.

The development of gold exceeding the 5,000 USD/ounce mark before the Dow Jones touched 50,000 points also shows the attractiveness of safe-haven assets in the context of complex geopolitics and the fear of inflation has not cooled down.

Although the round marks have certain psychological factors, investors are cautious with short-term fluctuations and closely monitor global monetary policy - a factor that can determine the next upward momentum of gold prices.