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Gold worth on the afternoon of March 14: Uncontrollably dropping momentum

March 14, 2022
in Economy


Gold worth immediately, newest gold worth information, replace gold worth information, 24h gold worth, newest gold worth of the day.

World gold worth

The world gold worth immediately, the world gold worth on the afternoon of March 14 continued to plunge when it dropped to 1,968 USD/ounce.

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Gold worth has now slipped away from the vital $2,000 mark from final week’s session, however traders are nonetheless anticipating this to be a brief correction earlier than hovering.

Though the gold worth has many supporting elements, most consultants nonetheless think about this to be a big funding channel and in addition a spot to retailer property in addition to shelter from fluctuations.

Gold price on the afternoon of March 14: Uncontrollably plummeting momentum 1
The world gold worth dropped after a interval of volatility. Picture: Kitco

One of many important drivers of gold’s rise is excessive safe-haven demand and issues associated to tensions in Ukraine and Western sanctions on Russia.

Home gold worth

The home gold worth immediately, the home gold worth on the afternoon of March 14 additionally confirmed indicators of plunging.

SJC gold cooled down and is presently buying and selling across the threshold of 67.40 – 69.00 million VND/tael purchased and offered.

PNJ gold worth can be presently buying and selling on the threshold of 55.50 – 56.60 million VND/tael purchased and offered.

The worth of 24K gold jewellery is presently buying and selling at 54.90 – 55.70 million VND/tael purchased and offered.

The worth of 18K gold jewellery is presently listed at 40.53 – 41.93 million VND/tael purchased and offered.

The worth of 14K gold jewellery is presently listed at 31.34 – 32.74 million VND/tael.

Replace the newest home gold worth listing

Gold price on the afternoon of March 14: Uncontrollably plummeting momentum 2
The newest replace of the home gold worth on the afternoon of March 14.

Gold worth forecast

Gold Value Forecast: Onada senior market analyst Edward Moya predicts that this week gold costs may additionally fluctuate across the worth vary of $1,960 – $2,050.

Gold price on the afternoon of March 14: Uncontrollably plummeting momentum 3
Gold costs are forecasted to have many fluctuations within the close to future. Picture: Web

In line with senior strategist Frank Cholly of RJO Futures, gold worth will simply return to $ 2,050 per ounce in simply a short while. In the meantime, the Fed can be unlikely to supply a sudden rate of interest enhance to keep away from pushing the economic system right into a recession. In the meantime, the army battle scenario in Ukraine is unlikely to final for a lot of months.

Tags: gold bar pricegold price 9999gold price todaylatest gold priceSJC gold priceupdated gold price
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