Gold price today 3.11: Decreased in the first session of the week

Updated SJC gold price

As of 9:15 a.m., DOJI Group listed the price of SJC gold bars at 146.1-148.1 million VND/tael (buy in - sell out), down 300,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 146.6-148.1 million VND/tael (buy in - sell out), down 300,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 145.6-148.1 million VND/tael (buy in - sell out), down 300,000 VND/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 round gold ring price

As of 9:15 a.m., DOJI Group listed the price of gold rings at 145-148 million VND/tael (buy in - sell out), down 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 146.1-149.1 million VND/tael (buy - sell), down 100,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 145.1-148.1 million VND/tael (buy in - sell out), down 300,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

The buying-selling gap is at a high level, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

At 8:45 a.m., the world gold price was listed around 3,992.3 USD/ounce, down 8.8 USD compared to a day ago.

Gold price forecast

"I remain neutral on gold this week," said Colin Cieszynski, chief market strategist at SIA Wealth Management. I think this precious metal still needs more time to accumulate and move sideways."

Marc Chandler, managing director at Bannockburn Global Forex, said gold has expanded its correction early last week, as spot prices fell to around $3,886 an ounce.

Although prices have stabilized in recent days despite rising US bond yields and the US dollar, gold has yet to regain its previous appeal. I think that if the price exceeds 4,075 USD/ounce, it will attract new buying pressure. Conversely, if the bottom is cracked recently, the sell-off could take prices down further, to around $3,750/ounce, he said.

Meanwhile, Daniel Pavilonis - senior commodity broker at RJO Futures gave an analysis of the impact from the US Federal Reserve's policy direction on gold and other precious metals last Friday.

The biggest impact is the Feds saying December is not a certain time to cut interest rates. The probability of FedWatch cutting interest rates has dropped from 93% to around 60%. Yesterday it increased to over 70%, but this morning it decreased to 62%, almost completely disappearing.

It is too early to say that the Fed meeting has just ended - but I think they are temporarily satisfied with the current situation, he said.

However, Pavilonis warned that the economy still has many challenges this year. We are entering the profit announcement season, the government is closing down, and tariff policies are constantly changing.

The Fed is in a dilemma: If we cut interest rates to support the labor market, it could cause inflation which we are still facing. Although the FED affirmed that the policy is still restrained, the economy still seems to be operating quite well, despite the phenomenon of job loss in some areas related to AI and the office sector. The main problem is what happens with the government's shutdown," he said.

According to Pavilonis, no matter how fluctuates the Fed, trade or tariffs, the overall picture of gold and the precious metal group remains unchanged.

In the long term, I believe gold and silver will continue to increase. When China announced a ban on rare earth exports, silver, platinum, and palladium all increased sharply.

Currently, it is only a temporary break and a sidewalk. Gold has also been flat for four months from January to April and a similar scenario could be repeated, Pavilonis said.