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Gold price today 30/3: Not yet out of the downtrend

6 am this morning on March 30 (Vietnam time), world gold price on the Kitco floor traded at 1,920 USD/ounce, down 2 USD/ounce compared to the early hours of the morning.

The world gold price continued to decline due to increased risk sentiment and investors taking profits in short-term futures contracts.

Gold price today 30/3: Has not escaped the downward trend - 1

Gold prices continue to decline today.

Risks to gold prices increase as Russia and Ukraine are holding more ceasefire talks. Information from a Russian official said that the two-way talks were constructive.

Besides, falling crude oil prices and rising bond yields are also weighing on the safe-haven metal.

Domestic gold price

At the end of the trading session on March 29, Saigon Jewelry Company listed the price of SJC gold at 68.4 million dong/tael (buying in) and 69.12 million dong/tael (sold out).

DOJI Group listed the gold price at 68.4 million dong/tael (buying in) and 69.1 million dong/tael (sold out).

Gold price forecast

Although under very strong pressure, gold still kept the price above 1,900 USD/ounce. Precious metals are still benefiting from a high inflation environment.

However, the ability to de-escalate geopolitical tensions in Ukraine has made money flow dangerously out of gold.

China’s restrictions on Shanghai city activities due to COVID-19 contributed to alleviating inflation concerns. This is also a factor that pulls gold down in the short term.

You are reading the article Gold price today 30/3: Not yet out of the downtrend
at Blogtuan.info – Source: vtc.vn – Read the original article here

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