Gold price on April 14: SJC gold bars conquer new peak, 107 million VND/tael

In the domestic market, this morning, the price of gold of some brands continued to increase to new record levels. The price of SJC gold bars increased by half a million VND/tael right at the opening of the trading session on the first morning of the week, reaching 107 million VND/tael, the highest ever.

Specifically, at 8:30 a.m. on April 14, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 104.5-107 million VND/tael. The difference between buying and selling is 2.5 million VND/tael.

SJC 9999 gold ring price is 101.5 million VND/tael for buying and 104.5 million VND/tael for selling.

DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 103 million VND/tael and sold at 106.5 million VND/tael, unchanged from the closing price of last weekend.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 101.2-104.8 million VND/tael, unchanged from last weekend.

PNJ Gold is currently buying at 101.2 million VND/tael and selling at 104.9 million VND/tael.

As of 8:30 a.m. on April 14 (Vietnam time), the world gold price increased slightly by 1.7 USD compared to the previous session's close to 3,237.7 USD/ounce.

The world gold price continued to increase sharply last week to new historical peaks when the US stock market "paniced" and the greenback fell sharply. The market witnessed a flow of money into buying gold due to the continuous changes in the US's tariff policy with countries around the world.

The latest Kitco News weekly gold survey shows that both professionals and retail investors are bullish on gold prices this week.

Adrian Day, chairman of Adrian Day Asset Management, said that gold has a lot of support, many people are still waiting to buy. Mr. Adrian Day added that the latest pullback in gold, like all the other recent pullbacks, was very short-lived and was a step to build momentum for the move up.

Gold prices could surge to $3,300 and as high as $3,500 an ounce in the near future, said Marc Chandler, CEO at Bannockburn Global Forex.

“Many people are talking about capital flight from the United States and the weakening of the US dollar. The continued volatility of the market and the sharp decline of the US dollar have pushed this precious metal to new record levels,” the expert said.

16 Wall Street analysts participated in the latest Kitco News Gold Survey. Wall Street experts are unanimous on the short-term outlook for gold, with 15, or 94%, expecting prices to continue rising this week. Only 1 analyst, or 6%, expects prices to hold steady at these highs. None see the precious metal falling.

Meanwhile, on Main Street, 189 retail investors, or 69%, of the 275 investors who participated in Kitco’s online poll expect gold prices to rise this week. Fifty investors, or 18%, see prices falling. The remaining 36, or 13%, believe the precious metal will trade sideways.

This morning, the USD-Index continued to decrease, currently at 99.51 points; the yield on 10-year US Treasury bonds was at 4.480%; US stocks recovered after a week of "panic"; world oil prices increased again after a sharp decline, trading at 64.60 USD/barrel for Brent oil and 61.34 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-14-4-vang-mieng-sjc-chinh-phuc-muc-dinh-moi-107-trieu-dong-luong-210014.html