Gold price today, March 27: Sharp increase then plunge

Gold price today at 6am on March 27 down to 3,018 USD/ounce

Gold prices fluctuated strongly today as the latest report from Bank of America forecasts that in 2025, the average gold price will be around $3,063/ounce and increase to $3,350/ounce in 2026.

Bank of America said demand for gold could come from China's insurance sector. Central banks will add to their gold reserves. Growing economic uncertainty and the extent of the correction in the US stock market are also driving investors to the gold market.

• On the evening of March 26, the price of SJC gold bars and gold rings jumped again. Should we buy them? READ NOW

In fact, in last night's trading session, US stocks all fell to the floor. Some stock investors have shifted their capital into precious metals to find profit opportunities. The world gold price at times increased by tens of USD/ounce.

However, when the price reached 3,030 USD/ounce, many people took the opportunity to sell to take profit, causing the gold price today at 6:00 a.m. on March 27 to drop to 3,018 USD/ounce.

Previously, in Vietnam, on March 26, the selling price of SJC gold was 98.4 million VND/tael. The price of gold rings was 98.2 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-27-3-tang-manh-roi-lao-xuong-19625032706385013.htm