Gold price update morning 14.10: Gold rings skyrocket

Khương Duy |

Gold price update on the morning of October 14: Gold maintains a high threshold in both domestic and world markets.

SJC gold bar price

As of 6:00 a.m. on October 14, the price of SJC gold bars listed by DOJI Group was at 82.5 - 84.5 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold prices at DOJI remained unchanged in both buying and selling directions.

The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.

Gia vang mieng SJC dau gio sang 11.10. Don vi: Trieu dong/luong.
Price of SJC gold bars early morning October 14. Unit: Million VND/tael
Dien bien gia vang mieng SJC nhung phien gan day. Bieu do: Khuong Duy
Price movements of SJC gold bars in recent sessions. Chart: Khuong Duy

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 82.5 - 84.5 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold prices at Bao Tin Minh Chau remained unchanged in both buying and selling directions.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

9999 gold ring price

As of 6:00 a.m. on October 14, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 82.55-83.45 million VND/tael (buy - sell).

Gia vang nhan tron tron tang manh tro lai. Bieu do: Khuong Duy
The price of plain round gold rings increased sharply again. Chart: Khuong Duy

Bao Tin Minh Chau listed the price of plain round rings at 82.52-83.42 million VND/tael.

PNJ listed the price of plain round gold rings at 82.3-83.3 million VND/tael (buy - sell).

In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Investors can refer to the world market and expert opinions before making investment decisions.

World gold price

As of 6:00 a.m. on October 14, the world gold price listed on Kitco was at 2,657.1 USD/ounce.

Dien bien gia vang the gioi. Nguon: Kitco
World gold price developments. Source: Kitco

Gold Price Forecast

World gold prices increased sharply in the context of the USD index decreasing. Recorded at 6:00 a.m. on October 14, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 102,680 points (down 0.1%).

The latest Kitco News weekly gold survey shows that a majority of industry experts expect prices to rise or trade sideways this week, while a majority of investors remain bullish but holdings are down.

Fifteen analysts took part in the Kitco News gold survey. Seven analysts said they expected prices to rise this week, while two predicted prices would fall. The remaining six analysts, or 40%, were neutral on gold’s near-term outlook.

Chuyen gia va nha dau tu du bao gia vang tuan nay. Nguon: Kitco
Experts and investors predict gold prices this week. Source: Kitco

Meanwhile, 157 votes were cast in Kitco’s online poll. 88 traders predicted gold prices would rise this week. While 43 traders predicted the precious metal would fall. The remaining 26 traders predicted prices would trend sideways this week.

The economic calendar is relatively light this week, but markets will still be watching U.S. retail sales data on Thursday to see if consumer spending continues to be resilient. The other big news event is the European Central Bank's monetary policy decision early Thursday.

Traders will also be looking ahead to Thursday's US weekly jobless claims numbers and reports on US housing starts and building permits on Friday morning.

See more news related to gold prices HERE...

Khương Duy
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