SJC gold bar price
As of 9:15 am, SJC gold bar prices were listed by DOJI Group at the threshold of 181-184 million VND/tael (buying - selling), down 1 million 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 181-184 million VND/tael (buying - selling), down 1 million 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 Jewelry Group listed SJC gold bar prices at 181-184 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 9:15 am, DOJI Group listed the price of gold rings at the threshold of 180.9-183.9 million VND/tael (buying - selling), down 1 million VND/tael in both directions compared to the previous day. The buying - selling difference is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 181-184 million VND/tael (buying - selling), down 900,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at 180.5-183.5 million VND/tael (buying - selling), down 1 million VND/tael in both directions. The buying - selling difference is at 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 9:15 am, world gold prices were listed around the threshold of 5,193.2 USD/ounce, an increase of 8.1 USD compared to the previous day. The world gold market is in a state of strong tug-of-war, with the 5,200 USD/ounce mark still being the resistance level.
Gold price forecast
World gold prices are entering a correction phase after a previous strong rally. Gold futures for April delivery retreated to around 5.1 USD/ounce, while silver fell deeper, showing short-term profit-taking pressure is appearing on both precious metal markets.
The narrowing of positions by futures contract traders after the hot increase is considered the main reason for the strong price fluctuation in the last sessions of February.
External factors also significantly affect the trend of precious metals. The USD index edged up slightly, the yield of 10-year US Treasury bonds fluctuated around 4.05% while crude oil prices remained above the threshold of 66 USD/barrel. This development shows that the market is still cautious in the face of interest rate prospects and US economic policy.
Technically, analysts believe that the 5,400 USD/ounce threshold is an important resistance that buyers need to conquer to consolidate the medium-term uptrend. In the opposite direction, the 4,854 USD/ounce zone is considered key support. In the short term, gold prices are likely to continue to fluctuate in a narrow range when buying and selling forces are struggling.
Geopolitical and trade factors still play a role in supporting the market. Tensions related to US-Iran negotiations and uncertainty about tariffs continue to trigger safe-haven demand.
Mr. Carlo Alberto De Casa - analyst at Swissquote, said that prolonged tensions and uncertainty in the global economy are supporting the upward trend of gold, especially as cash flow from Asia and central banks remains positive.
Meanwhile, the Bank of America believes that gold may continue to accumulate in the spring before establishing a clearer trend.
Despite facing short-term resistance from investors restructuring their portfolios, BofA still maintained the 12-month target at 6,000 USD/ounce. According to the organization, if policy instability and fiscal risk increase, gold may continue to be prioritized in the defensive portfolio.
In general, the short-term outlook for gold prices may still fluctuate, but the long-term trend is still positively assessed in the context of a potentially risky global economy and geopolitics.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
