Opening this morning's trading session (October 14), DOJI Group listed the price of SJC gold at 36.56-36.71 million VND/tael, an increase of 40 thousand VND for buying and an increase of 110,000 VND for selling compared to yesterday's trading session.
Gold price today at Bao Tin Minh Chau is listed at 36.61-36.68 million VND/tael, an increase of 80,000 VND for buying and an increase of 90 thousand VND for selling compared to the same time yesterday. Price of plain round gold rings Dragon Thang Long gold is trading at: 35.72-36.17 million VND/tael (buy in - sell out), an increase of 90 thousand VND compared to the previous trading session.
At Phu Nhuan Jewelry Joint Stock Company (PNJ), the price of SJC gold bars listed in Hanoi was at 36.61-36.69 million VND/tael (buy - sell), an increase of 70,000 VND for buying and an increase of 60,000 VND for selling compared to the same time in yesterday's trading session.
The world gold price (spot gold) is currently listed at 1303.30 - 1304.30 USD/ounce (buy - sell).
9999 gold price for December delivery on the New York Comex increased by 8.10 USD to 1304.60 USD/ounce.
Spot gold prices have risen for six consecutive sessions and hit a 2.5-week peak just after President Donal Trump announced he would end the nuclear deal with Iran in 2015. Another factor driving gold prices higher is the release of US low inflation data, which reduces the likelihood of raising interest rates later this year.
US core inflation is currently low in September despite oil prices rising after the storm caused a temporary interruption in oil production.
The forecast for interest rate increases in December has decreased to only 82% (instead of 87% as before), gold is a particularly sensitive asset to interest rate increases.
"Once gold breaks through the key psychological level of $1,300, we see buying momentum," said Phillip Streible, senior expert at RJO Futures in Chicago.
The first resistance level was recorded as 1,307 USD and then 1,310 USD. The first support level was 1,292.90 USD and then the low of 1,286.80 USD this week.
In the foreign exchange market, the central exchange rate announced by the State Bank on the morning of October 14 was 22,453 VND/USD, unchanged from the previous session. Vietcombank's USD exchange rate today is listed at 22,680 - 22,750 VND/USD (buy - sell), down 5 VND in both directions compared to the previous trading session.
