Updated SJC gold price
As of 6:00 a.m. on May 14, the price of SJC gold bars was listed by Saigon Jewelry Company at VND 118.5 - 120.5 million/tael (buy - sell), an increase of VND 1.3 million/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 118.5 - 120.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 118.5 - 120.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 117.5 - 120.5 million VND/tael (buy - sell), an increase of 1.3 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 round gold ring price
As of 6:00 a.m. on May 14, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 113 - 115.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions. The difference between buying and selling prices is at 2.5 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 116 - 119 million VND/tael (buy - sell), an increase of 1 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 114 - 117 million VND/tael (buy - sell), an increase of 1 million VND/tael in both directions. The difference between buying and selling prices is at 3 million VND/tael.
In the context of strong fluctuations in domestic gold prices, the buying-selling gap is pushed too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 11:30 p.m. on May 13, the world gold price listed on Kitco was around 3,253 USD/ounce, up 14.3 USD/ounce.
Gold price forecast
According to Kitco, world gold prices recorded a slight increase after a recovery adjustment after a sharp decline on Monday. Silver prices also increased slightly.
However, the improvement in risk sentiment in the general market earlier this week is creating a holding back factor for safe-haven metals.
Gold for June futures is currently rising 22.2 USD, to 3,250.1 USD/ounce, while silver for July futures increased by 0.221 USD, reaching 32.84 USD/ounce.
New data released today shows that the US consumer price index (CPI) in April increased by 2.3% compared to the same period last year, down slightly from 2.4% in the March report.
The core CPI (excluding food and energy) also increased 2.8% over the same period, unchanged from March and in line with market expectations.
The market did not react much to the data, but US stock indexes saw a slight increase. The report is somewhat positive for the precious metals market, as it is not a worrying inflation report that could prompt the Federal Reserve to consider cutting interest rates.
Stock markets in Asia and Europe mostly increased in the overnight trading session. US stock indexes are expected to open slightly higher today in New York, after a slight correction after strong increases on Monday.
Risk sentiment improved earlier this week thanks to positive signals of easing tensions in trade relations between the US and China.
Technically, gold futures for June are currently fluctuating in a narrow range, with up and down factors almost balanced. If gold prices continue to rise, investors' target is to push prices above $3,350/ounce.
Meanwhile, gold sellers hope to push prices below $3,200/ounce. The most recent resistance level was 3,270 USD/ounce and then 3,300 USD/ounce. The first support level was 3,209 USD/ounce and then 3,200 USD/ounce.
Key external factors today include the weakening USD index after a strong increase on Monday. Nymex crude oil prices are currently trading around $62.5/barrel. The yield on the 10-year US Treasury note is currently at 4.455%.
See more news related to gold prices HERE...
