Updated SJC gold price
As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND98.4-100.7 million/tael (buy in - sell out). The difference between buying and selling prices is at 2.3 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 98.4-100.7 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.3 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 98.5-100.7 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2.2 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 was listed at 98.4-100.7 million VND/tael (buy in - sell out). The difference between buying and selling is listed at 2.3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 98.9-100.9 million VND/tael (buy in - sell out). The difference between buying and selling is at 2 million VND/tael.
World gold price
As of 6:00 a.m., the world gold price was listed at 3,084.7 USD/ounce.
Gold price forecast
World gold prices received support when the USD decreased. Recorded at 6:00 a.m. on March 31, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.710 points (down 0.27%).
According to Kitco News' weekly survey, industry experts show strong optimism about gold's upside potential. Meanwhile, retail investors are only modestly increasing expectations.
This week, 20 analysts participated in the survey of Kitco News. After last week with a balanced mentality, the buyers on Wall Street almost took complete control. There are 15 experts (accounting for 85%) predicting that gold prices will continue to increase next week. Only 1 expert (5%) predicted that gold would fall, while the remaining 2 (10%) predicted that gold would move sideways and continue to accumulate.
Meanwhile, Kitco's online poll recorded 202 votes. 129 investors (64%) expect gold prices to continue to rise next week, 39 (19%) predict gold will fall and the remaining 34 (17%) expect gold prices to move sideways.
In the context of gold prices continuously breaking the peak, many banks have raised their forecasts for this precious metal.
Last week, commodity analysts at Bank of America raised their gold price forecast for the next two years, with prices possibly reaching $3,500/ounce by 2027. However, with the current increase, this figure seems quite modest.
Bank of America is not the only organization that has raised expectations. Goldman Sachs now expects gold prices to reach $3,300/ounce by the end of the year.
French bank Societe Generale also issued a similar forecast for 2025. Their analysts even believe that gold could reach $4,000/ounce if geopolitical tensions escalate.
One thing in common in the above forecasts is the growing instability of the US economy. Bank of America believes that Donald Trump's "America First" policy could turn into a "single America", causing many central banks to buy gold to reduce their dependence on the US dollar.
Meanwhile, Company Generale is skeptical about the ability to maintain the superior position of the United States. In the multi-asset portfolio strategy, they are gradually withdrawing from US assets and moving towards European stocks. They also reduced their holdings of the USD, while increasing the share of the Japanese Yen and Euro. The bank's analysts still maintain a 7% gold portfolio.
Economic calendar affecting gold prices this week
The most notable economic news this week will be the US implementation of global trade tariffs on Wednesday, along with the March non-farm payrolls report released on Friday morning. Experts warn that both events could increase the appeal of gold as a safe-haven asset.
In addition, some other important US economic data will also be released, including the ISM manufacturing PMI and JOLTS recruitment positions on Tuesday, the ADP jobs report on Wednesday, along with the ISM services PMI and weekly jobless claims on Thursday.
See more news related to gold prices HERE...
