Gold price today 9/14/2024
At the time of survey at 5:00 a.m. on September 14, 2024, the gold price on the trading floors of some companies was as follows:
Today's 9999 gold price is listed by DOJI at 78.5 million VND/tael for buying and 80.5 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 79.5-80.5 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78.5-80.5 million VND/tael (buy in - sell out). Meanwhile, at Bao Tin Manh Hai, it is being traded at 78.5-80.5 million VND/tael (buy in - sell out).
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| Gold price today September 14, 2024. Photo: PC |
The latest gold price list today, September 14, 2024 is as follows:
September 14, 2024 (million dong) | Difference (thousand dong/tael) | |||
Buy | Sell | Buy | Sell | |
SJC in Hanoi | 78.5 | 80.5 | - | - |
DOJI Group | 78.5 | 80.5 | - | - |
Red Eyelashes | 79.5 | 80.5 | - | - |
PNJ | 78.5 | 80.5 | - | - |
Vietinbank Gold | - | 80.5 | - | - |
Bao Tin Minh Chau | 78.5 | 80.5 | - | - |
Bao Tin Manh Hai | 78.5 | 80.5 | - | - |
World gold price today September 14, 2024 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 5am today, Vietnam time, was at 2,580.55 USD/ounce. Today's gold price increased by 21.9 USD compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 75.527 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 2.973 million VND/tael higher than the international gold price.
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| Gold price chart in the last 24 hours. |
Gold bulls are locking in a surge in bullion prices to new records, with the $3,000 an ounce mark looming, fueled by monetary easing by major central banks and the looming U.S. presidential election race.
Spot gold prices hit a record high of $2,580.55 an ounce today and are on track for their strongest annual gain since 2020, up more than 24% on safe-haven demand, geopolitical and economic uncertainty, and strong central bank buying.
Gold prices could hit $3,000 an ounce by mid-2025 and $2,600 by late 2024 thanks to U.S. interest rate cuts, strong demand from exchange-traded funds and demand for physical trading over the counter, said Aakash Doshi, head of commodities for North America at Citi Research.
Last week, the World Gold Council said global physical gold exchange-traded funds saw inflows for the fourth consecutive month in August.
With the next Federal Reserve meeting taking place on September 18, markets are focused on the possibility that the US Federal Reserve will cut interest rates for the first time since 2020. Low interest rates tend to support gold, which does not yield interest.
Investors are now pricing in a 55% chance of a 25 basis point cut in U.S. interest rates and a 45% chance of a 50 basis point cut, CME's FedWatch tool shows.
If the upcoming data points to growth risks and a weak labor market, it will increase the likelihood of a 50 basis point rate cut in November or December, which would give gold a boost and accelerate the path to $3,000, said Peter A. Grant, vice president and senior metals strategist at Zaner Metals.
Rate cuts from major central banks are well underway, with the European Central Bank delivering its second quarterly rate cut this year on Thursday.
“ We are also assessing other factors driving demand from Western investors, including the upcoming US election which could add to uncertainty and gold’s role as a hedge against immediate event risks, ” said Joseph Cavatoni, market strategist at the World Gold Council.
The upcoming presidential election on November 5 could boost gold prices as potential market volatility could drive investors towards gold as a safe haven.
Daniel Pavilonis, senior market strategist at RJO Futures, said the $3,000 an ounce target is achievable, adding that this scenario could be driven by political uncertainty after the election.
Investment banks and analysts are increasingly bullish on gold, with Wall Street bank Goldman Sachs showing the highest confidence in the near-term upside potential of gold, which remains the bank's preferred hedge against geopolitical and financial risks.
This week, Australian firm Macquarie raised its gold price forecast and now expects gold to peak at an average cyclical peak of $2,600 an ounce in the first quarter of next year, with the potential to spike to $3,000.
“ While the challenging financial outlook in developed markets remains positive for gold, it is fair to say that gold prices have seen some change, with the potential for cyclical headwinds to emerge later next year, ” analysts at Macquarie said.
| Reference addresses of popular gold shops in Hanoi: 1. Bao Tin Minh Chau - 15 - 29 Tran Nhan Tong, Bui Thi Xuan, Hai Ba Trung, Hanoi 2. DOJI Gold and Gemstone Company - 5 Le Duan, Dien Bien, Ba Dinh, Hanoi 3. SJC store chain in the Northern region - 18 Tran Nhan Tong, Nguyen Du Ward, Hai Ba Trung District, Hanoi City 4. PNJ store chain in the Northern region - 222 Tran Duy Hung, Trung Hoa, Cau Giay, Hanoi 5. Phu Quy Gold and Silver - No. 30 Tran Nhan Tong, Hai Ba Trung, Hanoi 6. Ngoc Anh Gold and Silver – No. 47 Lo Duc, Pham Dinh Ho, Hai Ba Trung, Hanoi 7. Gold Quy Tung – No. 102 Khuong Dinh, Thanh Xuan, Hanoi 8. Bao Tin Lan Vy - No. 84A, Tran Duy Hung, Cau Giay, Hanoi 9. Hoang Anh Gold and Silver – No. 43 Thai Thinh, Dong Da, Hanoi 10. Huy Thanh Jewelry - No. 23/100 (old number: No. 30A, lane 8), Doi Can, Ba Dinh, Hanoi Reference addresses of popular gold shops in Ho Chi Minh City: 1. Mi Hong Gold Shop - 306 Bui Huu Nghia, Ward 2, Binh Thanh District, HCMC 2. Kim Ngoc Thuy Gold Shop - 466 Hai Ba Trung, Tan Dinh Ward, District 1, HCMC 3. Saigon Jewelry Company Limited - 418-420 Nguyen Thi Minh Khai, Ward 5, District 3, HCMC 4. Tan Tien Jewelry - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC 5. Ngoc Tham Gold, Silver, Gemstones - No. 161 Hanoi Highway, Thao Dien Ward, District 2, HCMC 6. Kim Thanh Thao Gold Shop - 209 Tan Huong, Tan Quy Ward, Tan Phu District, HCMC 7. Kim Thanh Nam Gold Shop - 81A, Nguyen Duy Trinh, Binh Trung Tay Ward, District 2, HCMC 8. Kim Mai Gold Shop - 84C, Cong Quynh, Pham Ngu Lao Ward, District 1, HCMC 9. PNJ chain stores in the Southern region - Booth R011838, Ground floor, Diamond Plaza Shopping Center, 34 Le Duan, Ben Nghe Ward, District 1, HCMC 10. DOJI Gold and Gemstone Company – 81-85 Ham Nghi, Nguyen Thai Binh Ward, District 1, HCMC |
Source: https://congthuong.vn/gia-vang-hom-nay-1492024-vang-tang-vot-len-moc-ky-luc-moi-345797.html
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