Gold price update morning of July 13: Great pressure from US CPI and Fed message

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Gold price update morning of July 13: Gold price faces strong fluctuations as US CPI and Fed message decide interest rate expectations, USD and market trends.

SJC gold bar price

As of 6:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 146.3-149.9 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3.6 million VND/tael.

SJC gold bar price is listed by DOJI at the threshold of 146.9-149.9 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Giá vàng miếng SJC tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Biểu đồ: AI
SJC gold bar price at some business units. Unit: VND/tael. Chart: AI

SJC gold bar price is listed by Bao Tin Minh Chau at the threshold of 145-149 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 4 million VND/tael.

9999 gold ring price

As of 6:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 145.3-148.8 million VND/tael (buying - selling). The difference between buying and selling prices is at 3.5 million VND/tael.

DOJI listed gold ring prices at the threshold of 145-149 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 4 million VND/tael.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Biểu đồ: AI
Price of plain gold rings at some business units. Unit: VND/tael. Chart: AI

Bao Tin Minh Chau listed gold ring prices at the threshold of 145-149 million VND/tael (buying - selling). The difference between buying and selling prices is at the threshold of 4 million VND/tael.

Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: AI
SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Table: AI

World gold price

At 6:00 AM, world gold prices were listed around the threshold of 4,119.4 USD/ounce.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: AI
Developments in world gold prices in recent trading sessions. Chart: AI

Gold price forecast

Gold prices entered a new trading week with many factors that could create strong fluctuations. While a part of investment funds and individual investors reduced their holdings after the adjustment, buying power from central banks is still considered an important support for the market.

The Central Bank of Poland said it has bought an additional 82 tons of gold since the beginning of the year and continues to aim to increase total reserves to 700 tons. According to the World Gold Council, in the first quarter of 2026 alone, this agency net bought 31 tons, leading the group of central banks increasing gold reserves.

The accumulation trend shows no signs of weakening. The results of the gold reserve survey of central banks in 2026 show that 45% of participating units plan to increase their gold holdings in the next 12 months. Nearly 90% of central banks surveyed also expect total official gold reserves globally to continue to increase. This is considered a long-term support platform in the context that many countries are promoting the diversification of foreign exchange reserves and reducing dependence on assets valued in USD.

However, short-term developments this week will largely depend on US inflation data and messages from the US Federal Reserve (Fed). The June consumer price index report expected to be released on Tuesday may determine market interest rate expectations.

If the CPI is lower than forecast, the USD and US bond yields may cool down, creating conditions for gold prices to regain the 4-100 USD/ounce zone. Conversely, higher inflation than expected will strengthen the Fed's ability to maintain tight monetary policy, putting gold at risk of testing the 4,000 USD/ounce mark.

Two hearings of Fed Chairman Kevin Warsh before the US Congress are also being closely watched. A tough message on inflation and interest rates may increase selling pressure, while more cautious assessments of growth will support the precious metals.

Market sentiment is still differentiated. Among 13 Wall Street experts participating in a survey by a precious metals website, 38% predicted price increases, 23% predicted decreases and 38% thought gold was sideways. For individual investors, 42% expected price increases, 38% predicted decreases and 20% chose accumulation scenarios. This result shows that gold prices this week may continue to fluctuate before forming a clear trend.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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Gold prices fell sharply during the week, coupled with a high buying-selling spread, causing domestic gold buyers to suffer a loss of up to 6.4 million VND/tael.