Gold price update on the morning of September 14: Highest in 5 weeks

SJC gold bar price

As of 6:00 a.m. on June 14, the price of SJC gold bars was listed by Saigon Jewelry Company at VND117.5-120 million/tael (buy - sell); increased by VND500,000/tael for buying and increased by VND1 million/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 117.5-120 million VND/tael (buy - sell); increased by 500,000 VND/tael for buying and increased by 1 million VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.5-120 million VND/tael (buy - sell); increased by 500,000 VND/tael for buying and increased by 1 million VND/tael for selling. The difference between buying and selling prices is at 2.5 million VND/tael.

Phu Quy Gold and Stone Group listed the price of SJC gold bars at 117-120 million VND/tael (buy - sell); increased by 700,000 VND/tael for buying and increased by 1 million VND/tael for selling. The difference between buying and selling prices is at 3 million VND/tael.

9999 gold ring price

As of 6:00 a.m. on June 14, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at VND115-117 million/tael (buy in - sell out), an increase of VND1 million/tael in both directions. The difference between buying and selling prices is at 2 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 1.2 million VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

World gold price

The world gold price was listed at 11:27 on June 13 at 3,422.3 USD/ounce, up 42.2 USD.

Gold price forecast

Gold prices increased sharply and reached a 5-week high thanks to strong safe-haven demand after Israeli attacks on Iran. Silver prices increased slightly. Gold in August increased by 41.9 USD to 3,444.3 USD/ounce. July silver price increased by 0.095 USD to 36.39 USD/ounce.

The risk of avoiding increased risk on Friday amid the most serious military escalation between Israel and Iran in decades. Israel's airstrikes on Iran overnight have killed several top generals and Iranian nuclear officials, paralyzed Tehran's command structure and plunged the regime into panic. Israel said it was preparing for further military action.

Gold prices rose to a five-week high and crude oil prices rose sharply after Israel launched a series of military attacks on Iranian nuclear and missile facilities, raising concerns about a bigger conflict in the Middle East that could seriously disrupt global energy supplies.

Asia and Europe stocks mainly fell last night. US stock indexes are expected to open a sharp decline today in New York.

Technically, speculators who are trading on August gold contracts are currently in a solid technical advantage. The next price target for bulls is to close above $3,427.7/ounce.

The next downside price target for bears is to push futures below $3,250/ounce. The first resistance level was seen at $3,467/ounce and then $3,477.3/ounce.

The first support level was seen at $3,400/ounce and then $3,358.5/ounce.

Key outside markets today saw the USD exchange rate increase strongly. Nymex crude oil prices rose sharply, reaching a 5-month high and trading around $74/barrel. The yield on the 10-year US government bond is currently at 4.34%.