Gold price update morning of March 28: Jumping up in the night

SJC gold bar price

As of 6:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 100,000 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 168.6-171.6 million VND/tael (buying - selling), an increase of 200,000 VND/tael on the buying side and an increase of 100,000 VND/tael on the selling side. 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 168.6-171.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael on the buying side and an increase of 100,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

9999 gold ring price

As of 6:00 AM, DOJI Group listed the price of gold rings at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 168.6-171.6 million VND/tael (buying - selling), an increase of 600,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

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 1:03 am, world gold prices were listed around 4,518.3 USD/ounce, up 137.6 USD compared to the previous day.

Gold price forecast

Gold and silver prices increased thanks to an upward correction after a sharp decrease in the previous session. The past trading week was quite volatile for these two metals, as investors considered between supporting factors being safe-haven demand in the context of unstable war, and negative factors being high inflation that is hindering consumer and trade demand for precious metals.

Tense developments in the Middle East region continue to attract market attention. The US is said to have postponed the deadline related to Iran's energy sector impact plans for another 10 days, and signaled the possibility of maintaining exchange channels between the two sides. Meanwhile, there is information that the US is considering increasing its military presence in the region. Iran continues to record military activities with unmanned aerial vehicles and missiles at many points in the Middle East.

These developments caused oil prices to rise due to concerns about prolonged conflict, while putting pressure on the European stock market and pushing bond yields up. Iran also said it had prevented some foreign ships from moving through the Strait of Hormuz, while some commercial ships were forced to change routes. Some international financial institutions warned that oil prices could rise sharply if tensions extend into the coming months.

According to international sources, these measures reflect a trend of increasing caution in trade policy between the two sides, after some previous US tax policies encountered legal obstacles. The Chinese side expressed disagreement and opposition to trade investigation moves from the US.

New developments appear right before the high-level meeting plan between the leaders of the two countries, in the context that bilateral relations have somewhat stabilized after a period of previous trade tensions, although differences in views still exist.

Regarding monetary policy, a representative of the US Federal Reserve said that the agency may continue to maintain the current interest rate level, as many factors, including geopolitical situation and price pressure, are still making it difficult to control inflation at 2%.

Technically, the next price increase target of buyers for gold for April delivery is to close above the strong resistance level at 4,750 USD/ounce. In the opposite direction, the short-term target of sellers is to pull prices below the important support level at the bottom of this week, which is 4,100 USD/ounce.