Gold price update morning of February 13: Potential risks

Update SJC gold price

As of 6:00 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 86.7-90.2 million VND/tael (buy - sell).

The difference between buying and selling price of SJC gold at Saigon Jewelry Company is at 3.5 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 86.7-90.2 million VND/tael (buy - sell). The difference between buying and selling is 3.5 million VND/tael.

The price of SJC gold bars is listed by DOJI Group at 86.7-90.2 million VND/tael (buy - sell). The difference between the buying and selling price of SJC gold is listed by DOJI at 3.5 million VND/tael.

The difference between the buying and selling price of SJC gold bars at 3.5 million VND/tael is very high, posing many risks to investors and gold buyers. When buying gold at a high difference, investors immediately suffer a loss of 3.5 million VND/tael if they want to sell immediately. This reduces the liquidity and profitability of gold.

In the event of a decrease or adjustment in the world gold price, the large difference in amplitude makes it difficult for investors to sell their goods, leading to a greater risk of loss. To minimize risks, investors need to consider carefully before participating in the gold market, closely monitoring the management policies as well as the developments in the world gold price.

Price of round gold ring 9999

As of 6:00 a.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 88.5-90.15 million VND/tael (buy - sell). The difference between buying and selling is listed at 1.65 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 88.3-90.15 million VND/tael (buy - sell). The difference between buying and selling is 1.85 million VND/tael.

World gold price

As of 4:30 a.m. on February 13, the world gold price listed on Kitco was at 2,903.4 USD/ounce, up 1.2 USD/ounce compared to the beginning of the previous trading session.

Gold Price Forecast

World gold prices remained high in the context of the USD index not changing much. Recorded at 4:30 a.m. on February 13, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 107.870 points (up 0.03%).

Gold prices are recovering after a sharp decline in the previous trading session. According to Kitco, the precious metal is under pressure when the US inflation report is released.

The key data of the week showed that the US CPI in January increased 3.0% compared to the same period last year, higher than the forecast of 2.9%. The core CPI, which excludes food and energy, increased 3.3% while the forecast was only 3.1%. This was the highest increase in many months and reinforced the view of proponents of tight monetary policy, who want the US Federal Reserve (FED) to delay cutting interest rates.

The dollar index initially rose to an intraday high after the hotter-than-expected CPI data was released but then fell back. The yield on the 10-year US Treasury note rose to around 4.65%.

Meanwhile, gold prices recovered to a higher intraday level (though still lower than the previous session), indicating that safe-haven demand for the metal remains strong despite higher-than-expected inflation reports, which typically push up US bond yields and boost the USD index.

US stock indexes fell immediately after the CPI data but later recovered from their lows, partly helped by news that Donald Trump said he had a "productive" phone call with Russian President Vladimir Putin about ending the Russia-Ukraine war.

Fed Chairman Jerome Powell testified before the House Financial Services Committee today, after speaking in the Senate yesterday. He stressed that the Fed is in no rush to cut interest rates because it does not want to disrupt the fight against inflation. However, Donald Trump took to social media to call for lower interest rates. A CNBC reporter commented that the hot CPI data "puts the Fed in a difficult position".

Gold futures for April delivery finally rose $2.10 to $2,935.20 an ounce. Silver futures for March delivery rose $0.508 to $32.82 an ounce. Note: Article data compared to the same time of the previous trading session.