Gold price update on the morning of March 17: Experts predict a new peak

Updated SJC gold price

As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND94.3-95.8 million/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at VND94.3-95.8 million/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at VND94.5-95.8 million/tael (buy in - sell out), keeping both buying and selling prices unchanged. The difference between the buying and selling prices of SJC gold is listed at 1.3 million VND/tael.

9999 round gold ring price

As of 6:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI is listed at VND94.9-96.3 million/tael (buy in - sell out); both buying and selling prices remain unchanged. The difference between buying and selling is listed at 1.4 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 95-96.6 million VND/tael (buy in - sell out); both buying and selling prices remain unchanged. The difference between buying and selling is 1.6 million VND/tael.

World gold price

As of 6:00 a.m., the world gold price listed on Kitco was at 2,984.9 USD/ounce.

Gold price forecast

World gold prices fell last weekend despite the decline of the USD. Recorded at 6:00 a.m. on March 17, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.365 points (down 0.13%).

Some experts believe that gold prices may continue to increase in the short term. This week the market received a series of important economic data.

Ernest Hoffman - market analyst of Kitco News said that investors are waiting for a series of important decisions from US central banks and economic data.

The first notable event is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (FED) interest rate decision on Wednesday. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce interest rate policy on Thursday.

These moves could directly affect the strength of the US dollar and gold inflows. This expert believes that if the FED maintains a "hawl" stance and gives a cautious view on interest rate cuts, the USD could continue to strengthen, putting pressure on gold prices. Conversely, if the FED signals are more loose, the precious metal could maintain its upward momentum.

Commodity experts at Macquarie have raised their gold price forecast to $3,500/ounce in the third quarter of 2025. They had set a target of $3,000 for the middle of the year, but gold prices hit the milestone earlier than expected.

Meanwhile, commodity analysts at TD Securities note that gold's testing at $3,000/ounce will mark the third largest rally in modern history. They said that although risks are increasing in the market, the increase is not over.

Macro funds are still capable of buying more, but their budgets are not endless. However, larger macro factors are still supporting the increase in the medium term, the analysts said in a note.

This week, 15 analysts participated in the Kitco News gold survey. Nine experts, or 60%, predict gold prices will continue to rise next week, while three analysts, or 20%, predict gold prices will fall, and the remaining three experts believe that gold prices will fluctuate within a stable range after the important milestone.

Meanwhile, 262 votes participated in Kitco's online survey, with retail investor sentiment almost unchanged from last week.

175 retail traders, or 67%, expect gold prices to surpass $3,000 next week, while another 47 - 18%, predict gold prices will fall. The remaining 40 investors, accounting for 15% of the total, predict gold prices will move sideways in the coming days.