Gold price update closing session 3: 3: World gold market sharply decreases

Khương Duy |

Gold price update closing session 3: 3: Domestic gold sharply decreases. World gold market falls freely.

SJC gold bar price

As of 6:30 PM, SJC gold bar prices were listed by DOJI Group at the threshold of 185.2-188.2 million VND/tael (buying - selling), down 2.7 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.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 185.2-18.82 million VND/tael (buying - selling), down 2.7 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 Jewelry Group listed SJC gold bar prices at the threshold of 185.2-18.82 million VND/tael (buying - selling), down 2.7 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.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar price at some business units. Unit: VND/tael. Table: Khuong Duy

9999 gold ring price

As of 6:30 PM, DOJI Group listed the price of gold rings at 185.2-18.82 million VND/tael (buying - selling), down 2.7 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Diễn biến giá vàng nhẫn những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Gold ring price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed gold ring prices at the threshold of 185.2-188.2 million VND/tael (buying - selling), a sharp decrease of 2.7 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 Jewelry Group listed the price of gold rings at the threshold of 185.2-188.2 million VND/tael (buying - selling), a sharp decrease of 2.7 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.

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.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 6:30 PM, world gold prices were listed around the threshold of 5-156.9 USD/ounce, down sharply by 121.3 USD.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

World gold prices continued to maintain an upward trend in recent trading sessions, but the increase has narrowed significantly compared to the peak set in the night. From the highest level of the day, this precious metal lost about 100 USD/ounce as profit-taking pressure increased. Meanwhile, silver prices reversed sharply, wiping out previous gains and showing greater volatility compared to gold.

This development takes place in the context of the USD index rising to a 5-week high, creating clear pressure on the precious metal group. Short-term traders' profit-taking activities along with selling pressure to liquidate weak buy positions are dominating the market. In addition, the risk-worrying sentiment that once enveloped when Middle East tensions escalated has somewhat eased, causing safe-haven demand to decline.

The money market also has a notable adjustment. According to Bloomberg data, the possibility of the US Federal Reserve (Fed) cutting interest rates three times in 2026 has fallen sharply to about 20%, instead of nearly 50% as last week. Expectations for policy easing in the UK and the euro area have also narrowed, while the yields of 2-year government bonds of the US, UK and Germany simultaneously increased, reflecting concerns about inflation returning as oil prices rise sharply.

Technically, the short-term trend of gold still leans towards positive when the Wyckoff index reaches 7.5 points. However, to consolidate the upward momentum, the price needs to overcome the resistance zone of 5,434 USD/ounce and further to the 5,500 USD/ounce mark. In the opposite direction, if losing the 5,200 USD/ounce threshold, adjustment pressure may increase significantly.

Although geopolitical risks are still present, some analysts believe that the market may need more time to absorb all the optimism. Heraeus's latest report commented: "A series of extremely strong price increases in the past show that when a peak is set, prices usually fall from 40% to 70%.

According to experts, after too rapid increases, the market often has to go through months of adjustment before establishing a more sustainable price level.

Economic data to be tracked this week

On Wednesday, ISM will announce the PMI of services, along with the private sector employment report (ADP).

On Thursday, investors will monitor the number of weekly unemployment claims. The trading week will close on Friday morning with two important reports: Nonfarm Payrolls for February and retail sales for January.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

Khương Duy
RELATED NEWS

Gold and silver prices may still decrease despite increasing geopolitical risks

|

Heraeus believes that gold and silver prices may continue to fall before hitting bottom, although conflicts in Iran and tariff instability continue to support prices.

Wall Street experts predict unexpected gold prices this week

|

Wall Street experts are optimistic that gold prices will increase this week as buying power from central banks, geopolitical tensions, and a solid market foundation.

Gold prices and the race with silver, which metal dominates at the end of the year

|

Gold prices are maintaining a solid foundation, while silver prices are at risk of weakening as industrial demand faces pressure from high price levels.

Bao Loc Temple: Printing seals in forbidden palaces, suggesting "offering more freely

|

The person who made the seal in the "forbidden palace" of Bao Loc Temple (Ninh Binh province) said "willingly offering more" after the reporter only gave 20,000 VND.

Sa Pa airport continues to be motionless after 4 years of groundbreaking

|

Lao Cai - 4 years after the groundbreaking ceremony in March 2022, the progress of the Sa Pa airport project (Sa Pa Airport) has not changed much.

Ms. Ha Thi Nga meets with voters in Muong Khoa commune, Lai Chau province

|

Lai Chau - Vice Chairman, Secretary General of the Central Committee of the Vietnam Fatherland Front Ha Thi Nga just had a meeting with voters in the locality.

Rose in the middle of summer" and the reason why short films force viewers to spend money

|

From a few-minute clip on social networks, many viewers are gradually drawn into the world of mini-dramas and short films like "Roses in the middle of summer".

Spain denies US cooperation claim

|

Spain denies US concession information after trade warning.

Gold and silver prices may still decrease despite increasing geopolitical risks

Khương Duy |

Heraeus believes that gold and silver prices may continue to fall before hitting bottom, although conflicts in Iran and tariff instability continue to support prices.

Wall Street experts predict unexpected gold prices this week

Khương Duy |

Wall Street experts are optimistic that gold prices will increase this week as buying power from central banks, geopolitical tensions, and a solid market foundation.

Gold prices and the race with silver, which metal dominates at the end of the year

Khương Duy |

Gold prices are maintaining a solid foundation, while silver prices are at risk of weakening as industrial demand faces pressure from high price levels.