Gold price today 11/14: Sudden reversal, leaving the three-week peak

Updated SJC gold price

As of 9:00 a.m., DOJI Group listed the price of SJC gold bars at 151.1-153.1 million VND/tael (buy in - sell out), down 200,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.

The price of SJC gold bars was listed by Bao Tin Minh Chau at 151.6-153.1 million VND/tael (buy - sell), down 200,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 150.1-153.1 million VND/tael (buy - sell), down 200,000 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 9:00 a.m., DOJI Group listed the price of gold rings at 149.5-152.5 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling is 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 150.3-153.3 million VND/tael (buy - sell), down 300,000 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 149.8-152.8 million VND/tael (buy - sell), down 200,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

The buying-selling gap is at a high level, 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 9:00 a.m., the world gold price was listed around 4,189.7 USD/ounce, down 2 USD compared to a day ago.

Gold price forecast

According to Kitco, the US government's reopening also supports the precious metals market. The resumption of US economic data releases could create conditions for the Federal Reserve to make a decision to cut interest rates in December.

In the news last night, US President Donald Trump signed a bill to end the longest government shutdown in history, ending a 43-day streak of paralysis. Trump's signature allows the government to resume normal operations, with federal employees expected to return to work from today. However, it may take a few days, even a few weeks for all activities to return to normal, when the staff has to handle the backlog of work from October 1.

US Transportation Secretary Sean Duffy told reporters on Wednesday that it could take up to a week to start lifting flight restrictions at major airports. The confrontation leading to the government shutdown has negatively affected the US economy, as the Office of the National Assembly's Budget Office estimates that a six-week closure could reduce real GDP growth in the current quarter by 1.5 percentage points. The newly approved temporary spending package will maintain the operation of much of the government apparatus until January 30, creating the risk of a repeat confrontation at that time.

The global stock market moved in opposite directions overnight. The US stock index is expected to open slightly down in New York.

More evidence of global crude oil supply. The world crude oil market is falling into a surplus, most clearly in the American region, especially the US, according to Bloomberg.

Signs of abundant supply in the US are reflected in high export volumes. US crude oil exports in October hit their highest level since July 2024. Meanwhile, the price curve of Brent oil - the global oil standard - has almost moved sideways in the months after March, reflecting different supply surpluses between regions.

Oil market observers generally expect supply to increase next year. OPEC which has long predicted a solid oil demand reversed its forecast for the third quarter, shifting from shortages to surplus due to rising US production.

Technically, the next upside target for December gold futures buyers is to close above strong resistance at a record peak of $4,398/ounce.

The latest downside target for the bears is to push prices below the solid support level of $4,000. The first resistance level was at $4,250/ounce, then $4,300. The first support was at the bottom of the night at $4,183.2 an ounce and then $4,104.4 an ounce.