Updated gold price at the end of session 18.6: Struggling to wait for new signal

Khương Duy |

Updated gold price at the end of session 18.6: Domestic gold is stable while world gold prices decrease. Investors are waiting for a new signal from the FED.

SJC gold bar price

As of 5:30 p.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.6-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

At the same time, the price of SJC gold bars was listed by DOJI Group at 117.6-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Dien bien gia vang SJC nhung phien giao dich gan day. Bieu do: Khuong Duy
SJC gold price developments in recent trading sessions. Chart: Khuong Duy

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.6-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 117-119 1.6 million VND/tael (buy in - sell out); unchanged in both directions. The difference between buying and selling prices is at 2.6 million VND/tael.

9999 gold ring price

As of 5:30 p.m., the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 115-117 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 114.8-117.8 million VND/tael (buy - sell), down 200,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Dien bien gia vang nhan nhung phien giao dich gan day. Bieu do: Khuong Duy
Gold ring price developments in recent trading sessions. Chart: Khuong Duy

Phu Quy Gold and Stone Group listed the price of gold rings at 113.8-116.8 million VND/tael (buy in - sell out), down 100,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

World gold price

The world gold price was listed at 6:10 p.m. at 3,379.7 USD/ounce, down 13.6 USD.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
World gold price developments in recent trading sessions. Chart: Phan Anh

Gold price forecast

Gold prices fell as investors stopped making major decisions ahead of the US Federal Reserve's policy meeting, while continuing to monitor the conflict between Israel and Iran.

As of 9:51 GMT, US gold futures also fell 0.3% to $3,396.9/ounce.

All eyes are on the Fed's two-day policy meeting, which is scheduled to end later today. The central bank is expected to keep interest rates unchanged, but investors will pay attention to signals of future interest rate cuts.

Investors are also waiting for comments from FED Chairman Jerome Powell after the meeting.

"The trader is holding back the decisions ahead of the Fed meeting later today, while a slight increase in risk sentiment in the stock market is affecting gold prices," said Ricardo Evangelista, senior analyst at ActivTrades brokerage.

The S&P 500 futures contract increased by 0.3%, while the Nasdaq futures contract increased by about 0.4%.

Meanwhile, the conflict between Israel and Iran continues to cause geopolitical instability, which is holding a floor price in the market, Evangelista added.

Thousands of people left Tehran on Wednesday after US President Donald Trump called on them to leave the capital, while a source said Trump was considering options, including joining Israel in attacking Iran's nuclear facilities.

Hamad Hussain, assistant climate and commodity economist at Capital Economics, said: "Although gold prices could fall from current levels in the next six months... strong demand from central banks and Chinese investors will limit the decline and keep gold prices above $3,000/ounce."

In addition, spot silver prices fell 0.2% to $37.18 an ounce, while platinum prices rose 1% to $1,275.39, while palladium remained at $1,051.75.

See more news related to gold prices HERE...

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