Gold price update closing session 7: 3: Simultaneously increasing in the last session of the week

SJC gold bar price

As of 5:30 PM, SJC gold bar prices were listed by DOJI Group at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 181-183.8 million VND/tael (buying - selling), 182.2-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both directions. The difference between buying and selling prices is at 2.8 million VND/tael.

9999 gold ring price

As of 5:30 PM, DOJI Group listed the price of gold rings at 182-185 million VND/tael (buying - selling), an increase of 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 182-185 million VND/tael (buying - selling), an increase of 1.2 million 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 182-185 million VND/tael (buying - selling), an increase of 1.2 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 5:20 PM, world gold prices were listed around 5,172 USD/ounce, up 87.4 USD.

Gold price forecast

World gold prices are receiving support after a series of US economic data sent out negative signals, increasing expectations that the US Federal Reserve (Fed) may soon ease monetary policy.

According to the latest report from the US Department of Commerce, retail sales in January fell 0.2% after remaining flat in the previous month. Although this decrease was lower than market forecasts, the data still shows that consumption - the main driving force of the US economy - is showing signs of weakening.

In the labor market, the situation is also less optimistic when a newly released report shows that the US economy lost 92,000 jobs in February, completely contrary to economists' expectations of creating more jobs.

The unemployment rate also increased to 4.4%, higher than the 4.3% of the previous month. These data make many investors believe that the Fed may have to consider lowering interest rates sooner to support economic growth.

According to Mr. Jeffrey Roach - chief economist of LPL Financial, the US labor market is showing signs of slowing down after a period of weak growth in 2025. He believes that if the indices continue to weaken, the Fed may have to consider easing monetary policy sooner than expected.

The prospect of interest rate cuts is often beneficial for gold, because precious metals do not yield yields and become more attractive when asset holding costs decrease.

However, the gold market is still interspersedly affected by many factors. The strengthening USD along with increasing inflationary pressure is partly limiting the upward momentum of the precious metal. In addition, geopolitical tensions in the Middle East continue to cause strong fluctuations in the global financial market.

Mr. Michael Brown - senior research strategist at Pepperstone said that gold recently is not completely trading as a traditional safe-haven asset but is quite heavily influenced by speculative cash flow and fluctuations in the energy market.

However, many experts believe that the 5,000 USD/ounce mark is still an important psychological support zone in the short term. If this price level continues to be maintained, gold may maintain an accumulation fluctuation trend before establishing a clearer trend in the coming weeks.