The world continues to increase, SJC gold remains unchanged

Domestic gold price today

Early afternoon of July 14 , today's SJC 9999 gold price decreased by 50 thousand VND/tael in both buying and selling compared to the morning.

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 13:21 and the price of 9999 gold was listed by Doji Jewelry Group at 14:10 as follows:

	Buy	Sell
SJC Hanoi	66,700,000 VND/tael	67,320,000 VND/tael
SJC HCMC	66,700,000 VND/tael	67,300,000 VND/tael
SJC Danang	66,700,000 VND/tael	67,320,000 VND/tael
Doji Hanoi	66,700,000 VND/tael	67,350,000 VND/tael
Doji HCMC	66,700,000 VND/tael	67,200,000 VND/tael

SJC and DOJI gold price list updated early afternoon July 14

Early morning of July 14 , SJC 9999 gold price today remained unchanged compared to the close of yesterday's trading session.

The price of 9999 gold was updated by Saigon Jewelry Company Limited (SJC) at 8:30 a.m. and the price of 9999 gold was listed by Doji Jewelry Group at 8:46 a.m. as follows:

	Buy	Sell
SJC Hanoi	66,750,000 VND/tael	67,370,000 VND/tael
SJC HCMC	66,750,000 VND/tael	67,350,000 VND/tael
SJC Danang	66,750,000 VND/tael	67,370,000 VND/tael
Doji Hanoi	66,700,000 VND/tael	67,350,000 VND/tael
Doji HCMC	66,700,000 VND/tael	67,200,000 VND/tael

SJC and DOJI gold price list updated early morning July 14

At the end of the trading session on July 13, the price of 9999 gold bars at SJC Ho Chi Minh City was 66.75 million VND/tael (buy) and 67.35 million VND/tael (sell). SJC Hanoi listed at 66.75 million VND/tael (buy) and 67.37 million VND/tael (sell).

Doji Hanoi listed at 66.7 million VND/tael (buy) and 67.35 million VND/tael (sell). Doji Ho Chi Minh City bought SJC gold at 66.7 million VND/tael and sold at 67.2 million VND/tael.

The central exchange rate on July 14 announced by the State Bank is 23,720 VND/USD, down 38 VND compared to yesterday. The USD price at commercial banks this morning (July 14) was traded around 23,470 VND/USD (buy) and 23,840 VND/USD (sell).

International gold price today

At 9:34 a.m. today (July 14, Vietnam time), the world spot gold price stood at around 1,961.7 USD/ounce, up 1.7 USD/ounce compared to last night. The price of gold futures for August delivery on the Comex New York floor was at 1,967.1 USD/ounce.

Fluctuations in international gold prices in the past 24 hours (Photo: Kitco)

On the morning of July 14 , world gold converted to USD bank price was 56.38 million VND/tael (excluding tax and fees), about 10.99 million VND/tael lower than domestic gold price.

On the world market, the spot gold price on July 13 (at 8:00 p.m., Vietnam time) was trading at 1,960 USD/ounce.

World gold prices increase sharply. (Photo: Kitco)

The US consumer price index (CPI) rose 3% year-on-year in June, slightly below the 3.1% increase forecast by economists polled by Dow Jones.

New data raises hopes the US Federal Reserve can tamp down inflation without sending the US economy into recession.

However, Fed officials typically pay more attention to core inflation, which remains well above the Fed's 2% target.

Analysts have predicted that the Fed will likely raise interest rates by 0.25% at its meeting later this month. The market believes that this will be the last rate hike and then the Fed will observe the impact of tightening monetary policy on the economy.

The DXY index (which measures the greenback's performance against six major currencies) fell to 100.12 points. The yield on 10-year US Treasury bonds also fell to a low.

Gold Price Forecast

Confidence in gold has been restored, said Yeap Jun Rong, a strategist at IG Bank. Gold prices are sensitive to US interest rate moves. A weaker dollar makes gold more attractive to holders of other currencies.

Gold is likely to find support in the second half of the year amid a weaker US dollar and stable bond yields, according to the World Gold Council (WGC). A deep recession would boost gold's value, but a "soft landing" could put the precious metal in jeopardy.

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