Gold price update morning of June 14th: Closing the 5th consecutive week of decline

SJC gold bar price

As of 6:00 AM, SJC gold bar prices were listed by DOJI at 144-147 million VND/tael (buying - selling), an increase of 1.1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

9999 gold ring price

As of 6:00 AM, DOJI listed the price of gold rings at 144-147 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 144-147 million VND/tael (buying - selling), an increase of 1.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

The buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

World gold price

At 6:00 AM, world gold prices were listed around the threshold of 4,211.3 USD/ounce, up 14.5 USD/ounce compared to the previous day.

Gold price forecast

After many consecutive weeks of decline, gold prices are signaling to stabilize again as they maintain an important support zone around 4,000 USD/ounce. However, analysts believe that investors still need to be cautious, because the short-term trend of precious metals is not really clear.

According to Kitco, although gold prices are closing the fifth consecutive week of decline, not breaking the 4,000 USD/ounce mark is considered a positive sign. Spot gold prices at the end of the week recovered to around the 4,220 USD/ounce range, but still decreased by more than 2% compared to the previous week. Silver also performed more positively when it was almost sideways during the week.

Michele Schneider - Market Strategy Director at MarketGauge - said that the recovery of gold from the bottom is a noteworthy sign, but not enough to confirm that the sustainable upward trend has returned.

According to her, gold and silver need to return to important moving averages before it can be considered a clear buy signal. The fact that gold prices have lost the 50-day and 200-day moving averages respectively has caused significant technical damage, so investors should not rush to disburse heavily.

From a more positive perspective, Simon-Peter Massabni - Business Development Director at XS. com - believes that the ability to maintain the 4,000 USD/ounce zone shows that long-term buying power is still present. According to him, many strategic investors are considering corrections as opportunities for accumulation, while the deep decline phase may be approaching the end point.

However, the outlook for gold prices next week still largely depends on signals from the US Federal Reserve (Fed). The market is closely following the upcoming monetary policy meeting, especially the message from Fed Chairman Kevin Warsh in his first press conference in his new position. If the Fed sends tougher signals on inflation and interest rates, gold may continue to be under pressure in the short term.

In addition to the Fed, a series of policy decisions from the Bank of Japan, the Reserve Bank of Australia, the Swiss National Bank and the Bank of England may also increase volatility. In addition, US retail sales, housing and manufacturing data will be important factors affecting interest rate expectations.

In the context of inflation, oil prices and geopolitical tensions remain unpredictable, gold prices may continue to fluctuate strongly. Investors are advised to limit chasing purchases, especially when the buying-selling spread in the country is still high.