Updated SJC gold price
As of 6:00 a.m., DOJI Group listed the price of SJC gold bars at the price of SJC gold bars listed by DOJI Group at 90.1-92.1 million VND/tael (buy in - sell out), an increase of 1.1 million VND/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold was listed by DOJI at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company at 90.7-92.7 million VND/tael (buy - sell), an increase of 1.7 million VND/tael for both buying and selling.
The difference between the buying and selling prices of SJC gold was listed by Saigon Jewelry Company at VND2 million/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 90.7-92.7 million VND/tael (buy - sell), an increase of 1.4 million VND/tael for buying and an increase of 1.7 million VND/tael for selling.
The difference between the buying and selling prices of SJC gold was listed by Bao Tin Minh Chau at 1.7 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 VND91.6-92.7 million/tael (buy - sell); increased by VND950,000/tael for buying and increased by VND1.2 million/tael for selling.
The difference between buying and selling is listed at 1.1 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 91.6-92.8 million VND/tael (buy - sell); increased by 1 million VND/tael for both buying and selling. The difference between buying and selling is 1.2 million VND/tael.
Recent trading sessions of plain gold rings have often fluctuated in the same direction as the world. In the context of the world market recording a strong increase, the domestic gold ring price this morning may increase.
World gold price
As of 23:00 on March 4, the world gold price listed on Kitco was at 2,906.5 USD/ounce, up 14 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD plummeting. Recorded at 23:00 on March 4, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.145 points (down 0.49%).
Gold prices continued to increase strongly after the recovery on Monday as safe-haven demand remained maintained due to rising geopolitical tensions and a sharp decrease in the USD index. Gold futures for April increased by 35.7 USD, to 2,936.8 USD/ounce. The price of silver futures for May increased by 0.23 USD, to 32.54 USD/ounce.
Risk fearing continues to be high. The US has imposed tariffs on Mexico, Canada and China since Tuesday, which these countries have responded to, affecting about $1 trillion in global trade.
There is speculation that China could let the yuan depreciate to reduce the impact of tariffs and support exports, said SP Angel.
Currently, analysts predict that the People's Bank of China will maintain a stable exchange rate, but if the yuan weakens further against the USD, Chinese buyers could pour into gold as a safe-haven asset.
The Asian and European stock markets have mixed movements, with a downward trend. The US stock index is expected to open down when the trading session in New York begins.
Important external factors today recorded Nymex crude oil prices falling to their lowest level in nearly three months, trading around 67.5 USD/barrel. The yield on the 10-year US Treasury note fell to 4.157%.
SP Angel commented: " 10-year yields have fallen from 4.8% to 4.14% due to expectations that the US Federal Reserve (FED) will cut interest rates sooner amid concerns about slowing economic growth".
Gold futures for April are leaning towards an upward trend as buyers have a clear technical advantage in the short term. The next target for buyers is to get prices above the important resistance level at 2,974 USD/ounce, while the seller will try to push prices below the important support level at 2,844.1 USD/ounce.
For now, the first resistance level is determined at 2,950 USD/ounce, followed by 2,974 USD/ounce. On the support side, the most recent level was at 2,900 USD/ounce, before falling to a low of 2,892.5 USD/ounce last night.
See more news related to gold prices HERE...
