The price of gold on the Kitco floor at 9:00 p.m. (March 27, Vietnam time) was trading at $3,038.5/ounce, up 0.69% from the beginning of the session. The price of gold futures for delivery in April 2025 on the Comex New York floor was trading at $3,060.7/ounce.

At the beginning of the trading session on March 27 (US time), the world gold price increased sharply as money flowed into gold to find a safe haven due to concerns about economic instability. In addition, the number of unemployment benefit applications also decreased, making investors expect the US Federal Reserve (Fed) to pay attention to cutting interest rates this year.

Gold continues to hover near all-time highs as concerns over new tariffs from the Trump administration continue to fuel safe-haven demand. However, a rebounding US dollar and rising bond yields have weighed on the metal.

Peter Grant, vice president and senior metals strategist at Zaner Metals, said that if the precious metal breaks a new record, prices could hit $3,150 an ounce.

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World gold prices increase sharply. Photo: NH

If the tariffs are not as severe as people think, gold could see a correction, according to Marex analyst Edward Meir.

Investors are worried that President Trump’s tariff policies will increase inflation and hinder economic growth, so they are rushing to find a safe haven in gold, said Edward Meir.

At the end of the session on March 27, the price of gold bars at SJC closed at 97.4-98.9 million VND/tael (buy - sell), an increase of 700,000 VND/tael (buy) and 500,000 VND/tael more expensive (sell) compared to the end of yesterday's trading session.

The price of 1-5 chi SJC gold rings was listed at 97.2-98.7 million VND/tael (buy - sell), an increase of 600,000 VND/tael for buying and 500,000 VND/tael for selling. The price of 9999 gold rings at Doji closed the session at 97.2-99.5 million VND/tael, an increase of 500,000 VND/tael in both directions compared to yesterday's closing price.

Gold Price Forecast

Multinational bank Bank of America (BofA) has revised up its average gold price forecast for this year and next, stressing that uncertainties from US trade policy will continue to support gold prices in the short term.

BofA expects gold prices to average $3,063 an ounce in 2025 and rise to $3,350 in 2026. This forecast is significantly higher than its previous estimates of $2,750 for 2025 and $2,625 for 2026.

On Kitco, Mr. George Milling-Stanley - Chief Strategist of State Street Global Advisors - assessed that the current neutral stance of the Fed will not create much pressure on gold prices for the rest of the year.

Colin Cieszynski, an analyst at SIA Wealth Management, said that from now until the end of March, gold prices will likely continue to fluctuate around the $3,000/ounce range. In the absence of major fluctuations, gold prices could stay within the range of $2,980-3,050/ounce.

Gold price today March 27, 2025 skyrocketed, plain rings quietly climbed to near the peak of 100 million Gold price today March 27, 2025 skyrocketed again on the international market. Domestically, SJC gold and plain rings increased by more than half a million VND per tael, with some brands listing plain rings at 99.5 million VND/tael.