SJC gold price today
Gold ring price 9999
As of 18:29.3 p.m. today, March 69,48, the price of plain round gold rings listed by Bao Tin Minh Chau is at 70,68-350.000 million VND/tael (buy - sell). Compared to the previous session's close, Bao Tin Minh Chau's gold ring price increased by XNUMX VND/tael in both buying and selling directions.
Meanwhile, Saigon Jewelry is listed at 69,2-70,45 million VND/tael for buying and selling. Compared to the previous session's close, the price of gold rings was adjusted by Saigon Jewelry to increase by 700.000 VND/tael for both buying and selling directions.
Phu Nhuan Jewelry (PNJ) is listed at 69,3-70,4 million VND/tael (buy - sell). Compared to the closing session of the previous session, the price of gold rings increased by PNJ by 700.000 VND/tael for both buying and selling.
World gold price
Gold price forecast
World gold prices increased despite the increase in the USD index. Recorded at 18:45 p.m., the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,270 points (up 0,2%).
World precious metal prices continue to rise as investors wait for US inflation data. The US core personal consumption expenditure index (PCE) index report for February is expected to give the market new clues about the timing of the US Federal Reserve's (FED) policy pivot. US core PCE increased 2 in January.
According to CME Group's FedWatch Tool, investors bet on a 70% chance that the FED will reduce interest rates at the beginning of the third quarter. The reduction is said to be 25 percentage points.
Darin Newsom - senior market analyst at Barchart said that the recent sharp increase in gold prices is a signal that investors are worried that the FED will not be able to control inflation when it begins to cut inflation. interest rates.
World gold prices received support when central banks around the world sold off USD to buy gold. The World Bank (WB) has just released a report explaining this. The WB believes that gold continues to play an important role in the global financial system, as a hedge against inflation, a safe haven asset and a reserve asset for central banks in an unstable world. .
