SJC gold bar price
As of 6:00 AM on July 15, Phu Quy Gold and Gems Group listed SJC gold bar prices at 144-147.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 900,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 144.5-147.5 million VND/tael (buying - selling), down 900,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar prices were listed by Bao Tin Minh Chau at the threshold of 142.5-146.5 million VND/tael (buying - selling), down 500,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
9999 gold ring price
As of 6:00 AM on July 15, Phu Quy Gold and Gems Group listed the price of gold rings at 143-146.5 million VND/tael (buying - selling), down 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
DOJI listed the price of gold rings at 143-146.5 million VND/tael (buying - selling), keeping the buying direction unchanged and reducing by 300,000 VND/tael on the selling side. The difference between the buying and selling prices is at 3.5 million VND/tael.
Bao Tin Minh Chau listed gold ring prices at the threshold of 142.5-146.5 million VND/tael (buying - selling), down 500,000 VND/tael in both directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.
World gold price
At 10:40 PM on July 14, world gold prices were listed around the threshold of 4,070 USD/ounce, up 67.8 USD.
Gold price forecast
World gold prices surged sharply in the trading session on July 14, after the US inflation report was lower than expected, reducing pressure on the possibility of the US Federal Reserve (Fed) continuing to raise interest rates. The upward momentum of the precious metal was also supported by defensive demand in the face of tensions between the US and Iran.
The main driver of the market comes from US consumer price index data. June CPI decreased by 0.4% compared to the previous month, marking the strongest decrease since April 2020. Inflation for the year decreased from 4.2% to 3.5%. Meanwhile, core CPI did not increase compared to the previous month and decreased to 2.6% compared to the same period.
The above figures partly ease concerns that a sharp increase in oil prices will force the Fed to maintain tight monetary policy for longer. The yield of 10-year US government bonds is still around 4.6%, but has left its high at the beginning of the session. The USD index also weakened, making gold more attractive to buyers holding other currencies.
In the first hearing before Congress, Fed Chairman Kevin Warsh emphasized that price stability remains the top focus of monetary policy. He said that the Federal Open Market Committee does not accept prolonged high inflation, despite assessing that the US economy is still growing steadily and the labor market is generally stable. This statement shows that the Fed is not ready to loosen strongly, which may somewhat limit the rise of gold.
However, developments in the Strait of Hormuz continue to be an unpredictable factor. Transportation activities have not been completely blocked, but are facing military risks and serious disruptions. Brent oil prices rose to about 86.73 USD/barrel, while WTI oil traded around 80.55 USD/barrel. Escalating energy prices could reactivate inflationary pressure in the coming months, while maintaining safe-haven demand for gold.
In the short term, the market will monitor the reaction of bond yields after the CPI report, policy orientation from the Fed and the risk of transport disruptions in Hormuz.
Technically, the 4,091-4,107 USD/ounce zone is an important resistance level. If it is surpassed and maintained above this area, gold prices may head towards 4,140 USD/ounce. Conversely, support is close to 4,021 USD/ounce. Breaking through 3,959 USD/ounce may cause prices to fall back to the 3,942 USD/ounce and 3,886 USD/ounce areas.
Gold price data is compared to the previous day.
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