Domestic gold anchored at high level
Gold bar prices today are anchored at a high level. Brands DOJI , SJC, PNJ, Bao Tin Minh Chau all listed gold bar prices at 119.5 - 121.5 million VND/tael (buy - sell), unchanged compared to yesterday's trading session.
Phu Quy SJC bought 700 thousand VND/tael lower at 118.8 million VND/tael and sold 121.5 million VND/tael, stable in both directions.
In the same direction as gold bars, the price of gold rings today also went sideways compared to yesterday.
Illustration photo. (Photo source: Internet)
Specifically, SJC listed the price of gold rings at 115 - 117.5 million VND/tael (buy - sell), stable in both directions.
DOJI traded gold rings at 116 - 119 million VND/tael (buy - sell), unchanged from yesterday.
PNJ does not change the price of gold rings at 115.2 - 118.2 million VND/tael (buy - sell).
Bao Tin Minh Chau gold rings continue to be traded at 116.2 - 119.2 million VND/tael (buy - sell).
Phu Quy Group also kept gold rings at 115.2 - 118.2 million VND/tael (buy - sell).
World gold price
According to Kitco, the world gold price recorded at 5am today, Vietnam time, was at 3,357.95 USD/ounce. Today's gold price is unchanged compared to yesterday. Converted according to the USD exchange rate on the free market (26,363 VND/USD), the world gold price is 106.7 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 14.8 million VND/tael higher than the international gold price.
Gold prices have been volatile this week, affected by trade announcements and predictions about the US Federal Reserve’s policy. Despite some gains, the precious metal has not been able to escape the recent stable price range of $3,355/ounce.
Illustration photo. (Photo source: Internet)
Even without a real financial crisis, the US’s large budget deficit is enough to make investors seek gold as a safe haven, according to the World Gold Council. Gold has always been seen as a safe haven in times of economic uncertainty, and now the combination of political tensions and economic risks is causing gold prices to continue to rise.
Forecasting the trend of world gold prices, the weekly gold survey of an international financial information platform shows that industry experts are evenly divided between optimistic and neutral views on the short-term outlook of gold prices, while retail investors turn their backs on the upward trend.
Of the 15 experts participating in the survey, 7 predicted that the world gold price would increase, 1 predicted that the price would decrease, and the remaining 7 predicted that the gold price would remain unchanged.
Meanwhile, 231 people participated in Kitco’s online poll. The majority of retail investors, who had previously been bullish, have begun to waver. 104 people predicted that world gold prices would rise, 63 people thought that prices would fall and 64 people thought that prices would continue to move sideways next week.
Many experts predict the potential for gold to increase in price in the long term, as a tool to protect assets in the context of global economic and political instability.
Gold prices fell in the first two sessions of the week (Monday and Tuesday), but ended the week with a series of three consecutive sessions of gains. News related to US tariff policies seems to be the main supporting factor helping gold prices recover, said Marc Chandler, CEO of Bannockburn Global Forex.
It remains to be seen whether the correction following the peak of nearly $3,500 an ounce is over, according to Chandler. The peak of the accumulation pattern is currently near $3,422, while the support zone below is around $3,275.
Data such as the upcoming US CPI, along with the US tariff announcement against the EU, could help clarify the upcoming trend.
Michael Moor, founder of Moor Analytics, is also bullish on gold based on technical analysis. He points out that key support levels have held and forecasts significant price increases across different time frames, suggesting that gold's bullish momentum remains strong.
Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-14-7-2025-da-tang-cua-vang-van-rat-manh-me/20250714081223770
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