Gold price update morning of March 15: Unpromising prospects

SJC gold bar price

As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at 179.6-182.6 million VND/tael (buying - selling), down 2.2 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 the threshold of 179.6-182.6 million VND/tael (buying - selling), down 2.2 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.

Phu Quy Jewelry Group listed SJC gold bar prices at 179.6-182.6 million VND/tael (buying - selling), down 2.2 million VND/tael 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 AM, DOJI Group listed the price of gold rings at 179.6-182.6 million VND/tael (buying - selling), down 2.2 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 180-183 million VND/tael (buying - selling), down 1.8 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 179.5-182.5 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 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 6:00 AM, world gold prices were listed around the threshold of 5,017.7 USD/ounce, down 76 USD.

Gold price forecast

Kitco News' weekly gold survey shows that Wall Street analysts are quite hesitant about the short-term trend of the precious metal, while individual investors still maintain a slight optimistic sentiment even though gold prices have just experienced a less positive trading week.

According to Mr. James Stanley - senior market strategist at Forex. com, the fact that spot gold prices still maintain the 5,000 USD/ounce mark is considered an important signal for the market. He believes that this shows that the high price is gradually being accepted more widely.

If gold continues to hold this threshold, the market still has a chance for buyers to push prices higher in the near future," Mr. Stanley said.

However, some experts are more cautious about monetary policy factors. Mr. Rich Checkan - Chairman and CEO of Asset Strategies International, said that the gold market may be under short-term adjustment pressure when the meeting of the US Federal Reserve (Fed) takes place next week.

According to Mr. Checkan - if the Fed decides to keep interest rates as expected by the market, this information may be seen as disadvantageous for gold in the short term. "I think gold prices may fall after the Fed's announcement, because the market often reacts negatively when interest rates remain at the current level," he said.

Besides monetary policy factors, geopolitical tensions in the Middle East are also creating unpredictable fluctuations for the global financial market. Some experts believe that the developments of this regional conflict will continue to affect investor sentiment and cash flow in the gold market.

In addition, many major central banks in the world such as the US, Japan, UK and the European region are expected to announce monetary policy decisions next week. Important US economic data such as manufacturing, housing markets and manufacturing inflation will also be released, which may strongly impact the diễn biến of gold prices.

In that context, analysts believe that gold prices are likely to continue to fluctuate strongly in the short term as the market waits for more clear signals from monetary policy and global geopolitical situation.