Gold price on Kitco closed the weekend session at 2.164 USD/ounce. Gold futures price for delivery in June 6 on the Comex New York floor is trading at 2024 USD/ounce.
At the current price, the world gold price converted to VND (taxes and processing fees included) is different from the domestic SJC gold price of about 14,44 million VND/tael.
At the end of the week, anchor gold price was slightly higher than last week's closing level.
Over the past week, domestic and world gold prices have fluctuated.
Kitco News' latest weekly gold survey shows that market experts are cautious about the direction of gold in the final week of the first quarter of 2023, while retail traders are leaning towards the possibility. Gold will decrease.
Gold price movement today
+ Domestic gold price
At 6:30 a.m. on March 24, the gold price at Doji was listed at 3 - 78,1 million VND/tael (buy - sell), an increase of 80,1 VND/tael compared to early yesterday morning.
At the same time, the gold price at SJC was listed at 78 - 80,3 million VND/tael (buy - sell), an increase of 280.000 VND compared to early yesterday morning.
+ International gold price
Gold price on Kitco closed the weekend session at 2.164 USD/ounce. Gold futures price for delivery in June 6 on the Comex New York floor is trading at 2024 USD/ounce.
Gold price forecast
According to FXTM senior market analyst Lukman Otunuga, despite rising to an all-time high on March 21, the bullish trend is being weighed down by the strengthening of the USD.
Meanwhile, market strategist Colin Cieszynski at SIA Wealth Management gave a neutral view on gold prices next week. According to this expert, gold has had major fluctuations recently and it is likely that this precious metal will consolidate next week.
Naeem Aslam, an investment expert, said gold prices have seen a strong recovery this month in anticipation of the Fed's easing cycle. Long-term outlook, gold prices may be higher. He also noted that investors should be cautious when chasing prices near record highs.
Mr. Phillip Streible, strategist at Blue Line Futures, said that gold prices will need to maintain above the threshold of 2.150-2.145 USD/ounce to continue their upward momentum.
