Gold price update morning of November 14: All increased simultaneously

SJC gold bar price

As of 6:00 a.m. on November 14, the price of SJC gold bars listed by DOJI Group was at 80.5-84 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at DOJI remained unchanged in both buying and selling directions. The difference between the buying and selling price of SJC gold at DOJI Group was at 3.5 million VND/tael.

Saigon Jewelry Company SJC listed the price of SJC gold at 80.5-84 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Saigon Jewelry Company SJC remained unchanged in both buying and selling directions. The difference between the buying and selling price of SJC gold at Saigon Jewelry Company SJC was at 3.5 million VND/tael.

Bao Tin Minh Chau listed SJC gold price at 80.7-84 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, the gold price at Bao Tin Minh Chau increased by 200,000 VND/tael for buying and remained unchanged for selling. The difference between the buying and selling price of SJC gold at Bao Tin Minh Chau is at 3.3 million VND/tael.

Currently, the difference between the buying and selling price of gold is listed at around 3.5 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.

9999 gold ring price

As of 6:00 a.m. on November 14, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 81.1-83.2 million VND/tael (buy - sell), an increase of 600,000 VND/tael for buying and unchanged for selling compared to the beginning of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 81.18-83.18 million VND/tael (buy - sell); increased by 660,000 VND/tael for buying and increased by 60,000 VND/tael for selling.

In recent sessions, the price of gold rings has often fluctuated in the same direction as the world market. Domestic investors can refer to the world gold price before investing or taking profits.

World gold price

As of 10:10 p.m. on November 13 (Vietnam time), the world gold price listed on Kitco recovered to $2,599/ounce, up $5.6/ounce compared to the beginning of the previous trading session.

Gold Price Forecast

World gold prices recovered despite the high USD index. Recorded at 22:15 on November 13, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 106.342 points (up 0.36%).

Gold prices edged higher after the US inflation report came in line with market expectations.

Data released today showed that the US consumer price index rose 2.6% in October, as expected, compared to the same month last year. The “core” CPI (excluding food and energy) also matched market expectations, rising 0.3% month-on-month. While consistent with trade expectations, the takeaway from the CPI report is that inflation is picking up again, but not in a major way.

Key outside markets were also friendly to metals markets midweek, with higher crude oil prices and a slight decline in U.S. Treasury yields. Nymex crude futures were up slightly and trading around $68.50 a barrel, while the benchmark 10-year U.S. Treasury yield was currently at 4.38%, down slightly after the CPI report.

Technically, December gold futures are bearish on the daily bar chart. The bulls’ next upside price objective is to create a close above $2,700/oz. The bears’ next downside price objective in the near term is to push futures below $2,500/oz.