Photo: THANH DAT

In today's trading session, the prices of gold bars and gold rings of domestic brands are all at very high levels. SJC gold bars increased by half a million VND per tael, reaching the mark of 125 million VND/tael; meanwhile, SJC gold rings are approaching 120 million VND/tael. World gold prices continue to increase.

Specifically, at 10:30 a.m. on August 14, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 123.7-124.7 million VND/tael, an increase of 500,000 VND per tael for both buying and selling compared to the previous session. The difference between buying and selling was 1 million VND.

Meanwhile, DOJI gold bar prices in Hanoi and Ho Chi Minh City were bought at 123.5 million VND/tael and sold at 124.7 million VND/tael, an increase of 800 thousand VND per tael in both buying and selling compared to the previous session.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring at 116.8-119.8 million VND/tael (buy-sell), an increase of 300 thousand VND/tael in both buying and selling compared to yesterday.

PNJ Gold listed the buying price at 116.8 million VND/tael and the selling price at 119.8 million VND/tael, unchanged in the buying price and increased by 300 thousand VND per tael in the selling price compared to the previous session.

As of 10:30 a.m. on August 14 (Vietnam time), the world gold price increased by 8.9 USD/ounce compared to the previous session's close to 3,356.2 USD/ounce.

World gold prices were supported by US inflation data recording a slight increase, raising expectations that the US Federal Reserve (FED) will cut interest rates in September and may continue to loosen policy this year.

The US Consumer Price Index (CPI) rose 0.2% in July, after rising 0.3% in June, in line with economists ' forecasts. However, annual core inflation reached 3.1%, higher than the expected 3.0%, indicating persistent price pressures in the economy.

According to CME Group's FedWatch tool, the market is now pricing in a 97% chance of the Fed cutting interest rates in September.

At the same time, the US dollar fell to its lowest level in more than two weeks, making gold cheaper for investors holding other currencies, also contributing to boosting demand for gold.

Today, the USD-Index fell to 97.72 points; the yield on 10-year US Treasury bonds is currently at 4.233%; US stocks continue to rise; world oil prices are trading around 65.92 USD/barrel for Brent oil and 6287 USD/barrel for WTI oil.

According to nhandan.vn

Source: https://huengaynay.vn/kinh-te/thong-tin-thi-truong/gia-vang-ngay-14-8-vang-mieng-sjc-tang-vot-sat-moc-125-trieu-luong-156707.html