At the end of the session on March 29, the price of gold bars at SJC closed at 98.4-100.7 million VND/tael (buy - sell), an increase of 200,000 VND/tael in the buying direction and an increase of 500,000 VND/tael in the selling direction compared to the end of the previous trading session.

The price of SJC 1-5 chi gold rings is listed at 98.2-100.4 million VND/tael (buy - sell), respectively increasing 100,000 VND and 300,000 VND per tael (buy - sell) compared to the closing price of the previous session.

The price of 9999 gold rings at Doji closed the session at 98.4-100.7 million VND/tael, unchanged in the buying direction and increased by 500,000 VND/tael in the selling direction compared to the previous day's closing price.

Gold prices today on the Kitco floor closed the trading week at $3,084/ounce, up 0.55% from the beginning of the session. Gold futures for June 2025 delivery on the Comex New York floor traded at $3,117/ounce.

The US Dollar Index (DXY), which measures the greenback's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 104.01 points.

Gold continued its rally after holding initial support at $3,000 an ounce. Gold hit a record high on March 28 after climbing to $3,079.01 an ounce and ended the week up nearly 2%. The price of gold is approaching the $3,100 an ounce threshold.

Analysts say the market continues to benefit from strong fundamental support, with momentum indicators showing increasingly overbought conditions.

The trading session on March 28 was also the last session to end the month and the first quarter of 2025. Gold prices increased by about 8% in March and ended the quarter with an increase of 17%.

Gold - Duc Thanh (4).jpg
Gold prices ended the week with an increase. Photo: Duc Thanh

Money flows to gold as a safe haven amid concerns in the general market about the tough trade and foreign policies of the Donald Trump administration.

The world remains in a state of uncertainty and financial market volatility is a very strong support factor for precious metals.

Markets are bracing for Mr Trump’s plan to impose reciprocal tariffs, set to be announced on April 2. Analysts say Mr Trump’s policies are likely to cause inflation, pose risks to economic growth and escalate trade tensions.

Additionally, central bank gold purchases remain a bullish fundamental for the yellow metal.

The US Federal Reserve (Fed) left interest rates unchanged this year after three cuts in 2024, but has hinted at a possible 0.5 percentage point cut later in the year. Markets are pricing in a 63 basis point cut by the end of the year, starting in July 2025.

Gold Price Forecast

David Morrison, senior market analyst at Trade Nation, said gold has pushed into overbought territory. Investors should be cautious at current prices.

“Investors seem quite happy as gold continues to climb to new highs. Profit taking creates small dips, followed by fresh buying. There is a good chance of a sharp decline at some point,” he said.

According to Kitco experts, gold prices tend to strengthen in the short term, right in April. The next target is the high of the week, $3,042/ounce, followed by $3,050. Strong resistance is $3,100/ounce.

Some analysts say $3,100 an ounce will be a key level to watch and could signal a short-term top in the market.

Goldman Sachs expects gold prices to end the year at $3,300 an ounce, citing stronger-than-expected inflows into exchange-traded funds and steady demand from central banks as key factors driving gold higher.

Ilya Spivak, global macro director at market analysis firm Tastylive, said the $3,057 mark is an important threshold for gold prices, followed by $3,100 an ounce.

Source: https://vietnamnet.vn/gia-vang-hom-nay-30-3-2025-chot-tuan-tang-chong-mat-2385760.html