SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold price at 179.6-182.6 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 8th), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 2.4 million VND/tael in both directions.
Meanwhile, DOJI listed SJC gold price at 179.6-182.6 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 8), the price of SJC gold bars at DOJI decreased by 2.4 million VND/tael in both directions.
If buying SJC gold bars on March 8th and selling them on today's session (March 15th), buyers at Saigon SJC and DOJI Jewelry Company will lose 5.4 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at 179.6-182.6 million VND/tael (buying - selling), down 2.4 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
Phu Quy Jewelry Group listed the price of gold rings at 179.5-182.5 million VND/tael (buying - selling), down 2.5 million VND/tael in both directions compared to a week ago. The buying - selling difference is at 3 million VND/tael.
If buying gold rings on March 8th and selling them today (March 15th), buyers at DOJI will lose 5.4 million VND/tael; while buyers of gold at Phu Quy will lose 5.5 million VND/tael.
World gold price
Closing the week's trading session, world gold prices were listed at 5,017.7 USD/ounce, down 154.3 USD compared to a week ago.
Gold price forecast
The world gold market next week is forecast to continue to fluctuate strongly as investors monitor monetary policy decisions of many major central banks, especially the meeting of the US Federal Reserve (Fed).
According to the latest survey by Kitco News, Wall Street analysts are divided on the short-term gold price trend. Among the 15 experts surveyed, 40% predict gold prices will increase next week, while 40% believe the precious metal may decrease. The remaining 20% predict the market will move sideways.
In the group of individual investors, optimistic sentiment still prevailed. In an online survey of 270 participants, 63% expected gold prices to increase next week, 12% predicted a decrease and 26% thought prices would fluctuate in a narrow range.
Mr. James Stanley - senior market strategist at Forex. com, said that gold prices maintaining above the 5,000 USD/ounce mark is an important signal. According to him, this shows that the market is increasingly accepting the high price of the precious metal. If this trend continues, buyers still have the opportunity to push gold prices up further in the near future.
However, some experts believe that gold prices may be under short-term correction pressure. Mr. Rich Checkan - Chairman and Chief Operating Officer of Asset Strategies International, said that next week there may be a downward trend as the market reacts to the Fed meeting.
According to him, if the Fed maintains interest rates as expected, the market may see this as unfavorable information for gold in the short term, thereby causing precious metal prices to temporarily weaken.
In addition to monetary policy, geopolitical developments in the Middle East and fluctuations in the USD, US bond yields continue to be factors that greatly affect gold price trends. Many experts believe that in the context of a still volatile market, gold prices are likely to maintain strong fluctuations in the near future before forming a clearer trend.
Notable economic data for next week
Empire State Manufacturing Survey (USA), RBA's monetary policy decision.
Sales of pending houses in the US.
US Producer Price Index (PPI), BoC interest rate decision, Fed monetary policy decision, BoJ monetary policy decision.
Monetary policy decisions SNB, BoE, ECB; weekly US jobless claims; Philly Fed manufacturing survey; new home sales in the US.
Gold price data is compared to a week earlier.
The world gold market operates through two main pricing mechanisms. The first is the spot market, where prices are quoted for transactions and immediate delivery.
The second is the futures contract market, where prices are set for futures delivery. Due to year-end closing activities, December gold futures contracts are currently the most actively traded type on the CME.
See more news related to gold prices HERE...
