SJC gold bar price
Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold prices at the threshold of 169.8-172.8 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 22), the price of SJC gold bars at Saigon SJC Jewelry Company increased by 1.8 million VND/tael in both directions.
Meanwhile, DOJI listed SJC gold price at the threshold of 169.8-172.8 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.
Compared to the closing session of last week (March 22), the price of SJC gold bars at DOJI increased by 1.8 million VND/tael in both directions.
If buying SJC gold bars on March 22 and selling them on today's session (March 29), buyers at Saigon SJC and DOJI Jewelry Company will lose 1.2 million VND/tael.
9999 gold ring price
At the same time, DOJI Group listed the price of gold rings at the threshold of 169.8-172.8 million VND/tael (buying - selling), an increase of 1.7 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 the threshold of 169.8-172.8 million VND/tael (buying - selling), an increase of 1.8 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 22 and selling them on today's session (March 29), buyers at DOJI will lose 1.3 million VND/tael, while Phu Quy will lose 1.2 million VND/tael.
World gold price
Closing the weekly trading session, world gold prices were listed at 4,493 USD/ounce, slightly up 2.8 USD compared to a week ago. After three weeks of deep decline, world gold prices officially showed signs of reversal.
Gold price forecast
After a strong correction at the beginning of the week, the world gold market has shown more stable signals. This development makes investor sentiment less cautious than in previous weeks, especially when the precious metal continuously maintains important support levels.
The latest survey by Kitco News shows that Wall Street analysts have returned to a more optimistic state with gold. Among 16 experts participating in the survey, 8 people predict gold prices will increase next week, equivalent to 50%. In the group of individual investors, the positive trend also prevailed when 53% of respondents said that gold prices are still likely to rise in the short term.
Mr. James Stanley - senior market strategist at Forex.com - said that the recovery response at the end of the week is a noteworthy sign for buyers.
According to him, in the current macroeconomic context, there is not much basis to give up the positive outlook for gold, even when the market has just undergone a fairly broad correction. This assessment shows that investors still see the declines as opportunities to observe and accumulate more.
Sharing the same view, Mr. Adrian Day - Chairman of Adrian Day Asset Management - said that gold prices may continue to fluctuate in both directions in the coming time, but the trend is slightly inclined to increase. He believes that the closing zone around 4,350 USD/ounce may be playing the role of the short-term bottom of the market.
However, this expert also noted that geopolitical factors and monetary policy are still major variables, which may cause gold prices to fluctuate sharply in the coming sessions.
Next week, the market will pay special attention to a series of US economic data, of which the most significant is the March jobs report. In addition, the statement of US Federal Reserve (FED) Chairman Jerome Powell, along with data on consumer confidence, ADP employment, PMI manufacturing and weekly unemployment benefits, may directly affect interest rate expectations.
If economic data weakens, gold is likely to continue to be supported. Conversely, the strong rebound of the USD may put pressure on the price of precious metals.
After 3 weeks of deep decline, world gold is signaling recovery. However, the short-term trend is still assessed as sensitive, largely dependent on US economic developments and global geopolitical risks.
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...
