Gold price today, November 14, 2024, "turned around" and increased thanks to investor buying activities, surpassing the 2,600 USD/ounce mark. Experts commented: "This is also a good opportunity for investors who want to buy for storage or investment."
| 1. PNJ - Updated: 11/13/2024 23:00 - Time of website supply - ▼ / ▲ Compared to yesterday. | ||
| Type | Buy | Sell |
| HCMC - PNJ | 80,800 ▼400K | 82,400 ▼400K |
| HCMC - SJC | 80,500 | 84,000 |
| Hanoi - PNJ | 80,800 ▼400K | 82,400 ▼400K |
| Hanoi - SJC | 80,500 | 84,000 |
| Da Nang - PNJ | 80,800 ▼400K | 82,400 ▼400K |
| Da Nang - SJC | 80,500 | 84,000 |
| Western Region - PNJ | 80,800 ▼400K | 82,400 ▼400K |
| Western Region - SJC | 80,500 | 84,000 |
| Jewelry gold price - PNJ | 80,800 ▼400K | 82,400 ▼400K |
| Jewelry gold price - SJC | 80,500 | 84,000 |
| Jewelry gold price - Southeast | PNJ | 80,800 ▼400K |
| Jewelry gold price - SJC | 80,500 | 84,000 |
| Jewelry gold price - Jewelry gold price | PNJ 999.9 Plain Ring | 80,800 ▼400K |
| Jewelry gold price - Jewelry gold 999.9 | 80,700 ▼400K | 81,500 ▼400K |
| Jewelry gold price - Jewelry gold 999 | 80,620 ▼400K | 81,420 ▼400K |
| Jewelry gold price - Jewelry gold 99 | 79,790 ▼390K | 80,790 ▼390K |
| Jewelry gold price - 916 gold (22K) | 74,250 ▼370K | 74,750 ▼370K |
| Jewelry gold price - 750 gold (18K) | 59,880 ▼300K | 61,280 ▼300K |
| Jewelry gold price - 680 gold (16.3K) | 54,170 ▼270K | 55,570 ▼270K |
| Jewelry gold price - 650 gold (15.6K) | 51,730 ▼260K | 53,130 ▼260K |
| Jewelry gold price - 610 gold (14.6K) | 48,470 ▼240K | 49,870 ▼240K |
| Jewelry gold price - 585 gold (14K) | 46,430 ▼230K | 47,830 ▼230K |
| Jewelry gold price - 416 gold (10K) | 32,650 ▼170K | 34,050 ▼170K |
| Jewelry gold price - 375 gold (9K) | 29,310 ▼150K | 30,710 ▼150K |
| Jewelry gold price - 333 gold (8K) | 25,650 ▼130K | 27,050 ▼130K |
Update gold price today 11/14/2024
Domestic gold prices remained unchanged from the previous session at VND80.5-84 million/tael - recorded at the end of the session on November 13.
Specifically, Saigon Jewelry Company (SJC) announced the price of SJC gold bars at 80.5 - 84 million VND/tael (buy - sell).
At the same time, the price of gold rings continued to be adjusted down sharply in the morning trading session of November 13. At some brands, the buying price of gold rings has dropped below the 80 million VND/tael mark.
By the afternoon, the price of gold rings regained what it had lost, increasing to the same level as the previous day's anchor price, remaining above the 80 million VND/tael mark.
Specifically, SJC Company listed the price of gold rings at 81.23 - 83.38.
Similarly, DOJI Group traded 9999 round rings (Hung Thinh Vuong) at 81.1 - 83.2 million VND/tael.
World gold prices "turned around" and increased thanks to investors' buying activities, surpassing the 2,600 USD/ounce mark.
According to the World and Vietnam Newspaper at 7:00 p.m. on November 13, the world gold price on the Kitco exchange was at 2,610.4 - 2,611.4 USD/ounce, an increase of 12.6 USD/ounce.
In recent sessions, gold prices have been under pressure as the US dollar has strengthened amid concerns that President-elect Donald Trump's policies will impact the US Federal Reserve's interest rate cycle.
Traders see a 62% chance of the Fed cutting rates by 25 basis points at its December 2024 meeting, up from 77.3% a week ago, according to CME's FedWatch Tool.
Gold is a hedge against inflation, but higher interest rates will reduce the appeal of the precious metal.
Important data coming up is: US Consumer Price Index report (November 13) and if it shows inflation is under control, gold prices could rise to $2,650/ounce.
Additionally, the US producer price index and weekly jobless claims will be released on November 14, and retail sales data is scheduled for November 15.
 |
| Gold price today November 14, 2024: Gold price stops 'retreating', should you buy or sell? Good opportunity to accumulate, one thing to note. (Source: Getty Images) |
Summary of gold prices at major domestic trading brands at closing times of trading session on the afternoon of November 13:
Saigon Jewelry Company SJC: SJC gold bars 80.5 - 84 million VND/tael; SJC gold rings 81.23 - 83.38 million VND/tael.
Doji Group: SJC gold bars 80.5 - 84 million VND/tael; 9999 round rings (Hung Thinh Vuong) 81.1 - 83.2 million VND/tael.
PNJ system: SJC gold bars 81.2 - 82.8 million VND/tael; PNJ 999.9 plain gold rings: 80.8 - 82.4 million VND/tael.
Phu Quy Gold and Silver Group: SJC gold bars 80.5 - 84.0 million VND/tael; Phu Quy 999.9 round gold rings: 80.8 - 83.10 million VND/tael.
The price of SJC gold at Bao Tin Minh Chau is listed at 80.7 - 84 million VND/tael. The price of round, smooth gold rings at Vang Rong Thang Long is listed at 81.8 - 83.18 million VND/tael.
Good opportunity for investors who want to buy and hold
The World Gold Council believes that the recent pullback in gold prices is only temporary.
“It was simply a negative reaction for gold to both the US election outcome and the continued move higher in bond yields and the USD,” the WGC stressed.
The council said that in November, global gold exchange-traded funds (ETFs) reduced about 12 tonnes of gold in the first week of the month.
The weakness in these ETF flows, especially in North America, is also a sign of pressure on gold as the US dollar and Treasury yields rise.
Mr. Tran Duy Khanh, an analyst at New World Group, commented that after Mr. Donald Trump was elected US president, expectations of higher economic growth and inflation were the main reasons for the strong increase in bond yields and the greenback, thereby negatively affecting gold prices.
When the economy looks to be growing, investors tend to shift capital to riskier assets such as stocks, reducing demand for gold - a safe-haven asset.
This expert informed that the price of gold has an inverse relationship with the USD. When the USD increases, gold often decreases and vice versa. This happens because gold is priced in greenbacks on the international market, when the USD strengthens, the relative value of gold will decrease for investors using other foreign currencies.
Giving advice on whether to sell or buy gold at this time, gold expert Tran Duy Phuong said that those who want to sell gold should also consider.
"Buyers do not dare to invest at this time because it is predicted that the gold price will continue to decrease. I think investors should consider. If we need money and previously bought at a price of about 60 - 70 million VND/tael, we can sell to make a profit; but if it is not really necessary, we should wait for the right time when the gold price recovers.
At a time when the domestic gold price is falling quite sharply, the conversion price of domestic and world gold prices is equal. This is also a good opportunity for investors who want to buy for storage or investment. We should also divide the money and buy gradually instead of rushing to buy all at once," he said.
Source: https://baoquocte.vn/gia-vang-hom-nay-14112024-gia-vang-ngung-thoai-lui-nen-mua-hay-ban-co-hoi-tot-de-tich-luy-can-luu-y-mot-dieu-293603.html
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