Gold price today 8.3: High neo, receives optimistic forecast

Phan Anh (Theo Kitco) |

Gold price today 8.3: Gold price this week is forecast by Wall Street experts and individual investors to continue to increase strongly, with a high support rate.

Updated SJC gold price

As of 10:00, the price of SJC gold bars was listed by Saigon Jewelry Company at 90.9-92.9 million VND/tael (buy - sell), an increase of 200,000 VND/tael for both buying and selling.

The difference between the buying and selling prices of SJC gold at Saigon Jewelry Company SJC is at 2 million VND/tael.

Dien bien gia vang SJC nhung phien gan day. Bieu do: Phan Anh
SJC gold price movements in recent sessions. Chart: Phan Anh

Meanwhile, the price of SJC gold bars was listed by DOJI Group at 90.9-92.9 million VND/tael (buy - sell), an increase of 200,000 VND/tael for both buying and selling.

The difference between the buying and selling prices of SJC gold at DOJI is at 2 million VND/tael.

At the same time, Bao Tin Minh Chau listed the price of SJC gold bars at 90.9-92.9 million VND/tael (buy - sell), an increase of 200,000 VND/tael for both buying and selling.

The difference between buying and selling SJC gold at Bao Tin Minh Chau is at 2 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 VND91.6-93.2 million/tael (buy - sell); an increase of VND200,000/tael for both buying and selling compared to early this morning.

The difference between buying and selling is at 1.6 million VND/tael.

Dien bien gia vang nhan trong nuoc. Bieu do: Phan Anh
Developments in domestic gold ring prices. Chart: Phan Anh

Bao Tin Minh Chau listed the price of gold rings at 91.7-93.3 million VND/tael (buy - sell), an increase of 100,000 VND/tael for buying and an increase of 200,000 VND/tael for selling compared to early this morning.

The difference between buying and selling is at 1.6 million VND/tael.

World gold price

As of 10:00, the world gold price listed on Kitco was at 2,909.5 USD/ounce, up 2.6 USD/ounce compared to the beginning of the previous trading session.

Dien bien gia vang the gioi nhung phien gan day. Nguon: Kitco
World gold price developments in recent sessions. Source: Kitco

Gold price forecast

World gold prices are anchored at a high level in the context of the USD decreasing. Recorded at 10:00 on March 8, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 103.810 points (down 0.21%).

Gold prices fluctuated above $2,900/ounce despite the Chairman of the US Federal Reserve (FED) maintaining a neutral view on monetary policy.

Mr. Jerome Powell - Chairman of the FED said that this unit is not in a hurry to cut interest rates, because the US economy and the labor market are still stable, while inflation is still facing many risks.

"If the economy remains strong but inflation does not continue to fall to 2% sustainably, we can maintain a tightening policy for longer.

If the labor market suddenly weakens or inflation falls faster than expected, we will adjust policy accordingly," Mr. Powell said at the 2025 US monetary Policy Forum of Booth School of Business, University of Chicago.

This week, market sentiment has changed significantly compared to last week, especially from the group of Wall Street experts. In the previous survey, only 21% of experts predicted gold prices would increase, while up to 64% thought prices would decrease.

However, this week, the experts' expectation of gold increasing has skyrocketed to 67%, while only 5% predicted a decrease - a significant change reflecting the reversal in analysts' assessment.

The group of individual investors (Main Street) also recorded a clear change. The proportion of investors who predict gold prices to increase has increased from 45% to 67%, while those who expect prices to decrease from 28% to 18%.

Notably, the number of participants this week's survey reached 251 - the highest in 2025, showing greater investor interest in the gold market.

So voi tuan truoc, tam ly lac quan ve gia vang da tang manh khi 67% chuyen gia Wall Street va 67% nha dau tu Main Street du bao gia se tiep tuc di len. Trong khi do, chi 5% chuyen gia va 18% nha dau tu du doan gia giam. Nguon: Kitco. Bieu do: Phan Anh
Compared to last week, optimism about gold prices has increased sharply as 67% of Wall Street experts and 67% of Main Street investors predicted that prices will continue to increase. Meanwhile, only 5% of experts and 18% of investors predict prices to fall. Source: Kitco. Chart: Phan Anh

The change in market sentiment may reflect the weakening of the USD, concerns about economic and political instability, as well as expectations that gold prices may continue to head towards new record highs.

With strong consensus from both experts and individual investors, gold prices may continue to increase in the coming time.

Economic calendar affecting gold prices next week

Next week, inflation will be the focus as the market receives many important data on prices and spending from US consumers. Most notably is the February CPI report on Wednesday, followed by the PPI on Thursday, and the University of Michigan consumer confidence survey on Friday.

Other major events include the US JOLTS employment report on Tuesday, the interest rate decision of the Bank of Canada on Wednesday morning and the US weekly unemployment report on Thursday.

See more news related to gold prices HERE...

Phan Anh (Theo Kitco)
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