Gold price today July 14: Continued slight increase

On the morning of July 14, the world gold price was listed on Kitco at 3,368 USD/ounce, up 14 USD/ounce compared to early yesterday morning.

Gold prices rose amid market volatility due to tariff news and speculation regarding the US Federal Reserve's policy.

New economic data released showed the US labor market grew better than expected in June, contributing to reducing the possibility that the US Federal Reserve (Fed) will accelerate its interest rate cut roadmap.

At the same time, concerns about rising inflationary pressures due to new tariff policies are causing investors to adjust their expectations, towards the view that the Fed may slow down the pace of monetary policy easing in the coming time.

Analysts expect the minutes of the Fed's latest policy meeting, due later this week, to provide further clues about the direction of interest rates in the third quarter.

Gold price movements today

+ Domestic gold price

At 6:00 a.m. on July 14, the price of gold bars at Doji and SJC was listed at 119.5 - 121.5 million VND/tael (buy - sell), unchanged from early this morning.

Gold prices continue to rise today. (Photo: Minh Duc).

Meanwhile, the price of gold rings is currently listed by Doji at 116 - 119 million VND/tael (buy - sell), unchanged from early this morning.

+ International gold price

The world gold price listed on Kitco is at 3,368 USD/ounce, up 14 USD/ounce compared to late yesterday afternoon. Gold futures last traded at 3,370 USD/ounce.

Gold Price Forecast

Many experts predict the potential for gold to increase in price in the long term, as a tool to protect assets in the context of global economic and political instability.

Gold prices fell in the first two sessions of the week (Monday and Tuesday), but ended the week with a series of three consecutive sessions of gains. News related to US tariff policies seems to be the main supporting factor helping gold prices recover, said Marc Chandler, CEO of Bannockburn Global Forex.

“ I don’t look at the charts or the news anymore,” said Darin Newsom, senior analyst at Barchart.com. “As long as the situation in the U.S. remains the same, gold will remain a safe haven, especially heading into the weekend .”

James Stanley (Forex.com) also agreed: “Gold is lagging Bitcoin and Silver, but I think this is just a temporary thing. The long-term trend is still tilted to the buyers and I believe gold will continue to go up.”

Adam Button (Forexlive.com) sees the market as being divided. He says optimists are buying stocks, while pessimists are buying gold, silver and Bitcoin.

“ Silver and Bitcoin are the choice of retail investors, while gold represents the confidence of central banks and national reserve managers, waiting for the situation to stabilize before reducing USD reserves ,” said expert Adam Button.

Source: https://baolangson.vn/gia-vang-hom-nay-14-7-tiep-tuc-tang-nhe-5053115.html