Gold price update at the closing session on June 15: Domestic gold surges by 4 million VND/tael

SJC gold bar price

As of 7:05 PM, SJC gold bar prices were listed by DOJI at 148-150.5 million VND/tael (buying - selling), an increase of 4 million VND/tael on the buying side and an increase of 3.5 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at 148-150.5 million VND/tael (buying - selling), an increase of 4 million VND/tael on the buying side and an increase of 3.5 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 148-150.5 million VND/tael (buying - selling), an increase of 4 million VND/tael on the buying side and an increase of 3.5 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.

9999 gold ring price

As of 7:05 PM, DOJI listed the price of gold rings at 148-151 million VND/tael (buying - selling), an increase of 4 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 148-150.5 million VND/tael (buying - selling), an increase of 4 million VND/tael on the buying side and an increase of 3.5 million VND/tael on the selling side. The difference between buying and selling prices is at 2.5 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 147.5-150.5 million VND/tael (buying - selling), an increase of 3.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

The buying - selling price difference of gold is at a very high level, around 2.5 to 3 million VND/tael, posing a risk of losses for investors.

World gold price

At 7:10 PM, world gold prices were listed around the threshold of 4,336.3 USD/ounce, up 118 USD compared to the previous day.

Gold price forecast

World gold prices recovered after a period of strong fluctuations. The fact that the precious metal has maintained a support zone around 4,000 USD/ounce is causing some experts to believe that gold prices may have bottomed out in the short term and are facing a chance of recovery this week.

According to analysts, the focus of the current market is geopolitical developments in the Middle East, oil prices, the USD and the interest rate policy of the US Federal Reserve (Fed). Information that the US and Iran reached a preliminary peace agreement has caused oil prices to fall sharply, thereby partly easing concerns about inflationary pressure due to increased energy.

Cooling oil prices also reduced market expectations that the Fed would have to continue to raise interest rates. This is a beneficial factor for gold, because the precious metal is often under pressure in a high interest rate environment because it does not bring a fixed yield.

Mr. Giovanni Staunovo - UBS analyst - said that the drop in oil prices is causing investors to reduce bets on the possibility of the Fed raising interest rates, thereby supporting gold prices.

However, this expert believes that in the short term, gold prices may enter an accumulation phase, until the market has more clear signals from the Fed's policy meeting this week.

The weakening USD is also a factor supporting the precious metal. When the greenback depreciates, gold becomes more attractive to investors holding other currencies. This is one of the reasons that helped gold prices rise to a near-week high.

From a technical perspective, many experts believe that the 4,000 USD/ounce zone is an important support level. According to Mr. Marc Chandler - Managing Director of Bannockburn Global Forex, gold prices once retreated to near 4,004 USD/ounce last week, but then recovered. He believes that momentum indicators are being stretched, but have not confirmed a clear reversal.

However, the medium-term outlook for gold is still positively assessed. Some financial institutions believe that supporting factors for gold are still present, including persistent inflation, policy instability and the trend of diversifying central bank reserves. In the short term, gold prices are likely to continue to fluctuate according to signals from the Fed, the USD and oil prices.