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At 1:20 PM, the price of SJC gold bars listed by DOJI Group was 169.9 - 172.9 million VND/ounce (buying price - selling price), an increase of 100,000 VND/ounce in both buying and selling prices compared to yesterday's session.
Bao Tin Minh Chau listed SJC gold bars at 169.9 - 172.9 million VND/ounce (buying price - selling price), an increase of 100,000 VND/ounce in both buying and selling prices compared to yesterday's session.
The same prices were also listed at many other brands this afternoon.
Gold prices at various brands this afternoon.
On the global market, during the morning trading session on March 30th, world gold prices reversed course and fell amid concerns about the impact of the prolonged conflict in the Middle East.
At 8:35 this morning, gold prices in Asian markets were trading at $4,465 per ounce. However, concerns remain as analysts believe a prolonged conflict could force central banks to sell off gold reserves or raise interest rates to curb inflation.
Gold is expected to continue its upward trend.
According to Kitco News' latest weekly gold price survey, market sentiment is gradually turning positive again. Half of Wall Street experts have returned to an optimistic view, while individual investors have also raised expectations after a week of rising gold prices.
James Stanley, senior market strategist at Forex.com, believes that in the current macroeconomic environment, gold still has an upward trend in the long term.
Sharing the same view, Rich Checkan, President and COO of Asset Strategies International, believes the market is showing signs that the recent correction may have bottomed out. According to him, investors are waiting for an opportunity to buy back in.
Adrian Day, President of Adrian Day Asset Management, also predicted that gold prices would continue to fluctuate in the short term, but the overall trend remained upward.
Meanwhile, independent precious metals analyst Jesse Colombo suggests that last weekend's sharp rise stemmed from several factors, including a breakout above technical resistance around $4,470 per ounce, position adjustments ahead of the weekend holiday, and risks associated with tensions in Iran.
Mr. Colombo emphasized that the key support zone for gold is currently between $4,300 and $4,600 per ounce, which has played a crucial role since October. Holding firm within this range is seen as a positive sign for an upward trend.
Furthermore, he also suggested that the recent sell-off was largely an overreaction to the situation in Iran, and would not alter the long-term upward trend of gold. If geopolitical tensions ease, oil prices and the US dollar could decline, thereby further supporting the rise in gold prices.
