Gold price today, March 27: Experts raise forecast

Updated SJC gold price

As of 9:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at VND96.7-98.4 million/tael (buy - sell), an increase of VND800,000/tael for buying and VND500,000/tael for selling. The difference between buying and selling prices is at 1.7 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 96.7-98.4 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.7 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 96.8-98.4 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and an increase of 500,000 VND/tael for selling. The difference between buying and selling prices is at 1.6 million VND/tael.

9999 round gold ring price

As of 9:00 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 96.7-99 million VND/tael (buy - sell), an increase of 600,000 VND/tael for buying and an increase of 300,000 VND/tael for selling. 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 96.8-99.1 million VND/tael (buy - sell), an increase of 500,000 VND/tael for buying and an increase of 300,000 VND/tael for selling. The difference between buying and selling is 2.3 million VND/tael.

World gold price

At 8:45 a.m. on March 27, the world gold price listed on Kitco was around 3,025.5 USD/ounce, up 0.6 USD/ounce compared to the beginning of the trading session yesterday morning.

Gold price forecast

World gold prices remain high in the context of the USD's downward trend. Recorded at 8:55 a.m. on March 27, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 104.09 points (down 0.13%).

Experts say that gold surpassing the $3,000/ounce mark is not only a price milestone, but also a sign that investors are adjusting their position due to geopolitical and economic instability.

In an interview with Kitco News, Joseph Cavatoni - Senior Market Strategist at the World Gold Council (WGC) commented that gold is reaffirming its role as an "asset that helps reduce risks" in the context of trade tensions, unpredictable inflation and increased safe-haven demand.

"The rapid increase in gold over the past year has been remarkable. Investors are buying gold again to protect their assets from increasing risks, whether it is geopolitical or political instability," Cavatoni said.

Since the beginning of the year, gold prices have increased by 15%, from $2,500/ounce to $3,000/ounce in just 210 days - a strong increase, pushing gold prices above the 200-day average by three standard deviations. Although technical analysts have identified the $3,040 - $3,050/ounce range as a short-term resistance, Cavatoni said core demand remains strong.

Notably, data from the WGC shows that global gold ETFs recorded 3 billion USD in net cash flow last week - equivalent to about 31 tons of gold. This is the eighth consecutive week that cash flow has entered. Since the beginning of the year, global net cash flow into gold has reached more than 19 billion USD (207 tons), bringing 2025 to the strongest first quarter since 2022.

"The risk is everywhere. Many investors believe that this is the time to return to risk-off assets," said Cavatoni.

He also said that Europe could accelerate in the next six months, especially if the macro outlook worsens or the USD weakens further. "Currently, investors are trying to assess whether the US government's strategy is beneficial or risky for the economy," he said.

In the latest commodity report, Bank of America analysts said they expect gold prices to average around $3,063/ounce this year and $3,350/ounce by 2026. This level is much higher than previous forecasts, respectively, at 2,750 USD/ounce and 2,625 USD/ounce.

Analysts also said they see gold prices reaching $3,500/ounce within the next two years.

Last month, Bank of America said that the gold market needs a 10% increase in investment demand to reach 3,500 USD/ounce.