How is the gold price today April 14?

From the beginning of the week to Wednesday, world gold prices fluctuated between 2,300 - 2,360 USD/ounce.

Then, late Thursday, the rally resumed, with spot gold hitting a new all-time high above $2,400 an ounce as geopolitical tensions escalated across much of the world.

The momentum continued into Friday’s trading session as gold prices surged. On Friday alone, the daily chart was volatile, with spot gold last trading at $2,344.38 an ounce, down 1.18% on the day but up 0.60% on the week.

Gold price movements today

Domestic gold price

At 6:10 a.m. on April 14, Doji gold price was listed at VND80.6 - 83.1 million/tael (buy - sell), down VND1.1 million/tael for buying and down VND600,000/tael for selling compared to the closing price of the previous trading session. The difference between the buying price and selling price of DOJI gold is VND2.5 million/tael.

SJC gold price is listed at 80.6 - 83.1 million VND/tael (buy - sell), down 600,000 VND/tael in both buying and selling compared to the opening of the previous trading session. (Illustration photo: Minh Duc).

At the same time, SJC gold price was listed at 80.6 - 83.1 million VND/tael (buy - sell), down 600,000 VND/tael in both buying and selling compared to the opening of the previous trading session. The difference between buying and selling price of SJC gold was also at 2.5 million VND/tael.

International gold price

At the end of the afternoon of April 13 (Vietnam time), the spot gold price on Kitco was at 2,342.9 USD/oz, unchanged from the beginning of the same morning.

Converting world gold price according to foreign exchange rate at Vietcombank on April 13: 1 USD = 25,180 VND, world gold price is equivalent to 71.07 million VND/tael, 12.03 million VND/tael lower than SJC gold selling price at the same time.

Gold Price Forecast

Kitco News' latest weekly gold survey shows that experts are very positive on the precious metal.

Twelve Wall Street analysts participated in the Kitco News Gold Survey this week. Nine experts, or 83%, see gold prices rising even higher next week, while two analysts, or 17%, see prices falling. None see prices remaining at current levels.

Meanwhile, 168 votes were cast in Kitco's online poll. 111 retail traders, or 66 percent, expect gold to rise next week. Another 30, or 18 percent, predict lower prices, while 27 respondents, or 16 percent, see the precious metal trending sideways.

Gold investors should take some profits, said Philip Newman, director of Metals Focus. The market could correct after an unprecedented rally. “Investors don’t want gold to fall sharply, but I think it’s reasonable to expect a short-term correction,” he said.

Christopher Vecchio, head of futures and FX strategy at Tastylive, said that while he likes gold, he is not chasing the market at current levels.

“The Fed’s next move will be to cut interest rates despite solid economic growth and persistent inflation. This will push real yields higher and be a positive environment for gold,” said Christopher Vecchio.

Gold prices could continue to set new records as markets begin to assess the possibility of a US interest rate cut in June after March inflation was higher than expected.

Goldman Sachs raised its forecast for gold prices by the end of this year from $2,300 to $2,700 an ounce.

PHAM DUY

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