Gold price update at the closing session on June 18: Falling from 4,300 USD/ounce

SJC gold bar price

As of 6:00 PM, SJC gold bar prices were listed by DOJI at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 148.8-151.3 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at the threshold of 2.5 million VND/tael.

9999 gold ring price

As of 6:00 PM, DOJI listed the price of gold rings at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 1.7 million VND/tael on the buying side and down 1.1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 1.5 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at the threshold of 147.3-150.3 million VND/tael (buying - selling), down 1.2 million VND/tael on the buying side and down 1 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

World gold price

At 5:40 PM, world gold prices were listed around 4,259.1 USD/ounce, down 65.7 USD compared to the previous day.

Gold price forecast

World gold prices continue to face pressure after the US Federal Reserve (Fed) kept interest rates unchanged but issued tougher signals about monetary policy prospects. The market is no longer focusing on whether the Fed can cut interest rates or not, but shifting to the possibility that this agency must raise interest rates once again this year if inflation is not controlled.

Speaking after the meeting, Fed Chairman Kevin Warsh emphasized that the goal of stabilizing prices is still the top priority of the US central bank. This message caused gold to lose most of the gains in previous sessions, because precious metals, which do not bring yields, are often disadvantaged when interest rates are maintained at a high level.

According to Mr. Bill Adams - US Chief Economist at Fifth Third Commercial Bank, the message from policy statements, interest rate forecast charts and the press conference shows that the Fed's view has changed significantly. If at the beginning of the year the market was still discussing the possibility of interest rate cuts, then by mid-year, the question again leaned towards whether the Fed needs to raise interest rates or not.

However, the downward momentum of gold prices was somewhat limited thanks to falling oil prices after the temporary agreement between the US and Iran. The expected improvement in oil supply helps reduce concerns about inflationary pressure from energy, thereby providing certain support for gold in the short term. However, the strengthening USD is still a factor of pressure, because gold valued in greenbacks will become more expensive for investors holding other currencies.

Mr. Han Tan - chief market analyst at Bybit - said that gold is recovering thanks to expectations from the US-Iran agreement, but the room for increase is still limited by the prospect that the Fed may raise interest rates at the end of the year. According to him, the Fed's tough stance puts gold prices at risk of falling below the $4,000/ounce mark more than soon conquering the $5,000/ounce zone in the second half of 2026.

On the supporting side, ANZ believes that investment demand for gold is still weak, reflected in the capital withdrawal from ETFs and cautious market positions. However, physical gold demand, especially from China, along with the buying activities of central banks are still the foundation to help the market not fall too deeply.