Gold price update at the closing session on August 14th: Sharp decrease after hitting a 10-week peak

SJC gold bar price

As of 5:30 PM on August 14, Phu Quy listed the price of SJC gold bars at 140.3-143.3 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

SJC gold bar price was listed by DOJI at 140.3-143.3 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling is at 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 140.2-144.2 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.

9999 gold ring price

As of 5:30 PM on August 14, Phu Quy Gold and Gems Group listed the price of gold rings at 140.3-143.3 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

DOJI listed the price of gold rings at 140-144 million VND/tael (buying - selling), down 1.2 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.

Bao Tin Minh Chau listed gold ring prices at the threshold of 140.2-144.2 million VND/tael (buying - selling), down 1.2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.

World gold price

Recorded at 5:40 PM, world gold prices were listed around the threshold of 4,348.1 USD/ounce, down 81.4 USD/ounce.

Gold price forecast

World gold prices are undergoing a strong correction after reaching a high of about 10 weeks at one point. Profit-taking pressure is increasing, while investors continue to assess the monetary policy outlook of the US Federal Reserve (Fed) after a series of new economic data.

Data from the US shows that price pressure in production is showing signs of cooling down. The producer price index (PPI) in July did not increase compared to the previous month, lower than the forecast of 0.2%. Core PPI increased by 0.2%, also lower than expected. This development partly reduces concerns that the Fed must maintain a too tough monetary stance for a long time.

However, current data has not created a strong enough signal for the market to be sure about the next direction of interest rates. The yield of 10-year US government bonds remains high, while the USD is relatively stable. These are still factors that may limit the rapid recovery of gold.

In the short term, investors are waiting for more data on retail sales and the US labor market. If data shows economic weakness, expectations that the Fed moves to a softer policy may increase, thereby supporting gold. Conversely, the economy continuing to show good resilience may put more pressure on precious metals.

Geopolitical risks, especially developments related to the Strait of Hormuz, remain a driving force for safe-haven demand. However, if tensions cause oil prices to rise sharply and increase inflationary pressure, the Fed's interest rate cut prospects may be pushed back.

Technically, the 4,448 USD/ounce zone is being considered a noteworthy resistance level. If it surpasses this area, gold may head towards the levels of 4,575 USD and 4,666 USD/ounce. In the opposite direction, losing the 4,332 USD/ounce zone may bring the price back to test the support zones around 4,262 USD and 4,205 USD/ounce.

From a long-term perspective, Swiss bank UBS still maintains a positive view. UBS forecasts that gold prices are likely to approach 5,000 USD/ounce in the first half of 2027, thanks to the prospect of reduced real interest rates, weakening the USD and persistent gold buying demand from central banks.

According to UBS, central banks may buy about 750-1,000 tons of gold in 2026. Along with capital returning to gold ETF funds, this demand is expected to continue to create support for the market, although gold prices in the short term may still experience significant corrections and accumulations.