Gold price today, July 13, recorded the listed price at companies at 119.5 million VND per tael for buying and 121.5 million VND per tael for selling. This price has increased by about 600,000 VND per tael compared to last weekend.
Gold price today 7-13 increased for 2 consecutive weeks
This is the second consecutive week of gold price increase, adding about 2.1 million VND/tael and is at the highest increase in the past month.
Similarly, 99.99% gold rings and jewelry gold were traded at VND115 million/tael for buying and VND117.5 million/tael for selling, an increase of about VND700,000/tael compared to the end of last week. Within 2 weeks, each tael of gold rings increased by VND1.7 million/tael.
Domestic gold prices continue to rise following the increase in world prices and widening the gap between domestic and foreign gold prices.
In the international market, the price of gold closed the trading week at 3,357 USD/ounce, up about 20 USD/ounce compared to the end of last week. In the past 2 weeks, the price of gold increased by about 80 USD/ounce and fluctuated continuously.
Gold price today increased for the second consecutive week
During the week, there was a time when the precious metal on the international market plummeted to 3,280 USD/ounce, but the bottom-fishing force and the need to find a safe haven channel in the face of geopolitical and tariff fluctuations helped the gold price increase again.
What do experts predict?
Forecasting gold prices next week, both analysts and investors expect prices to continue to increase, according to the latest survey results on gold price trends by Kitco.
SJC gold bar price reaches highest level in about 1 month
Specifically, in the Wall Street survey, 15 analysts participated in the response, with 47% of the opinions saying that gold prices will continue to increase; only 7% predicted that gold prices will decrease and the remaining 47% said that gold prices will go sideways. The number of analysts predicting that gold prices will go sideways is surprisingly high compared to previous weeks.
SIA Wealth Management's Colin Cieszynski said he is neutral on gold prices next week, as the precious metal continues to be driven largely by the US dollar.
According to him, the key factors affecting the greenback currently still revolve around information about tariffs or political events, which are very difficult to predict and can change unexpectedly, making the gold price outlook even more unpredictable.
Meanwhile, the survey results of 231 investors showed that the majority still maintained an optimistic sentiment, with 45% of opinions saying that gold prices will continue to increase in the coming time.
However, 27% also forecast prices to fall and 28% believe the market will move sideways, reflecting a certain divergence in expectations, as many geopolitical risks and global monetary policies remain looming.
Currently, if converted according to the exchange rate at Vietcombank , the world gold price is equivalent to about 106.3 million VND per tael, which is 15 million VND per tael lower than the domestic SJC gold bar price.
This large difference continues to show that the demand for holding gold bars in the Vietnamese market remains high, as well as reflecting the unique characteristics of supply and demand and the sheltering psychology of domestic investors.
Source: https://nld.com.vn/gia-vang-hom-nay-13-7-tang-manh-dong-loat-du-bao-di-len-196250713090116556.htm
Comment (0)