Domestic gold prices
While SJC gold prices increased, gold ring prices tended to decrease today. As of 9 PM, the price of plain gold rings listed by Phu Nhuan Jewelry (PNJ) was 67.90-69 million VND/ounce (buying price - selling price). Compared to the closing price of yesterday's trading session, PNJ's gold ring prices remained unchanged.
Bao Tin Minh Chau listed gold at 68.38-69.68 million VND/ounce (buying price - selling price). Compared to the opening of yesterday's trading session, Bao Tin Minh Chau adjusted the price of gold rings down by 50,000 VND/ounce for the buying price and down by 150,000 VND/ounce for the selling price.
Meanwhile, Saigon Jewelry Company listed gold at 67.8-69 million VND/ounce for buying and selling. Compared to the closing price of yesterday morning's trading session, Saigon Jewelry Company adjusted the price of gold rings up by 50,000 VND/ounce for buying and down by 50,000 VND/ounce for selling.
World gold prices
World gold prices remained stable amid little change in the US dollar index. At 9:00 PM on March 15th, the US Dollar Index, which measures the fluctuations of the greenback against six major currencies, stood at 103.030 points (up 0.04%).
Gold price forecast
Gold prices edged higher today amid a rise in oil prices – a commodity closely linked to the precious metal – during the afternoon trading session on March 14th. Oil prices rose due to strong demand in the US after gasoline inventories fell to a three-month low and crude oil inventories unexpectedly declined.
Investors are awaiting retail sales figures, the producer price index, and jobless claims data, expected to be released on March 14th, to gauge the health of the US economy and its impact on the Federal Reserve's prospects for interest rate cuts.
According to LSEG data, investors are predicting a 67% probability of the Fed cutting interest rates in June, lower than the 72% probability before the consumer price index data was released.
Source
Comment (0)