Gold price today October 14: Gold bars increase, gold rings remain unchanged

SJC gold bar price

As of 9:15 a.m., the price of SJC gold bars listed by DOJI Group was at 83-85 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at DOJI increased by 500,000 VND/tael for both buying and selling.

The difference between buying and selling prices of SJC gold at DOJI Group is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold at 83 - 85 million VND/tael (buy - sell).

Compared to the beginning of the previous trading session, gold price at Bao Tin Minh Chau increased by 500,000 VND/tael for both buying and selling.

The difference between buying and selling price of SJC gold at Bao Tin Minh Chau is at 2 million VND/tael.

9999 gold ring price

This morning, the price of 9999 Hung Thinh Vuong round gold ring at DOJI was listed at 82.55-83.45 million VND/tael (buy - sell); both buying and selling prices remained the same compared to early yesterday morning.

Bao Tin Minh Chau listed the price of plain round gold at 82.52-83.42 million VND/tael (buy - sell); keeping both buying and selling prices unchanged.

The price of PNJ 9999 plain gold rings is listed by PNJ at 82.3-83.3 million VND/tael (buy - sell), unchanged.

World gold price

As of 9:24 a.m. on October 14, the world gold price listed on Kitco was at 2,646.8 USD/ounce, down 10.3 USD/ounce compared to the beginning of the previous trading session.

Gold Price Forecast

World gold prices fell amid an increase in the USD index. Recorded at 9:15 a.m. on October 14, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 102.842 points (up 0.14%).

The latest Kitco News weekly gold survey shows that a majority of industry experts expect prices to rise or trade sideways this week, while a majority of investors remain bullish but holdings are down.

Fifteen analysts took part in the Kitco News gold survey. Seven analysts said they expected prices to rise this week, while two predicted prices would fall. The remaining six analysts, or 40%, were neutral on gold’s near-term outlook.

Meanwhile, 157 votes were cast in Kitco’s online poll. 88 traders predicted gold prices would rise this week. While 43 traders predicted the precious metal would fall. The remaining 26 traders predicted prices would trend sideways this week.

"Over the past few weeks, bulls have had every reason to take profits after the stronger dollar and more recently strong US NFP and CPI reports. However, that has only produced a slight pullback. I know that bulls are not done yet, they are testing resistance for a new rally," said James Stanley, senior market strategist at Forex.com.

Meanwhile, Daniel Pavilonis, senior commodities broker at RJO Futures, said: "It looks like gold is still trying to track the price up to $ 3,000 / ounce. If you look at the events that are happening, we can see geopolitical tensions escalating."

“I am neutral on gold next week,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “After a big rally, gold has settled into a $2,600-$2,700/ounce trading range. With no central bank meetings and no currency volatility data, next week looks to be a quiet one for gold.”

Adam Button, head of currency strategy at Forexlive.com, agrees, saying that gold is likely to trade sideways this week, but he says that gold has shown impressive resilience as it has bounced off the strength of the US dollar and rising Treasury yields.