Gold price update at the closing session on June 25: World gold shows signs of reversal

SJC gold bar price

As of 5:05 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 142.5-146 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 3.5 million VND/tael.

SJC gold bar price was listed by DOJI at 143-146 million VND/tael (buying - selling), down 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 141-145 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 4 million VND/tael.

9999 gold ring price

As of 5:05 PM, Phu Quy Jewelry Group listed the price of gold rings at the threshold of 142.5-145.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and down 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

DOJI listed the price of gold rings at 143-146 million VND/tael (buying - selling), down 1 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 gold ring prices at the threshold of 141-145 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 4 million VND/tael.

World gold price

At 5:05 PM, world gold prices were listed around the threshold of 3,984 USD/ounce, slightly up 17.2 USD compared to the previous day.

Gold price forecast

World gold prices are under great pressure as the USD strengthens, expectations for the US Federal Reserve (Fed)'s interest rate policy shift to a more cautious direction, while safe-haven demand shows signs of decline.

After the policy meeting on June 17, the Fed continued to keep interest rates in the range of 3.5%-3.75%. However, signals related to inflation made investors assess the ability to maintain a high interest rate level for a longer time. As asset yields increase, gold - an investment channel that does not generate cash flow - becomes less attractive.

Spot gold prices retreated to around the 4,000 USD/ounce area, falling sharply compared to the previous peak. The rise in the USD also created more pressure, because the precious metal valued in greenbacks became more expensive for investors holding other currencies.

Besides the interest rate factor, geopolitical tensions related to the Middle East region are also affecting market sentiment. The risk of disruption to oil supply is showing signs of cooling down, causing demand for safe haven assets such as gold to weaken. The reduction in oil prices has somewhat reduced concerns about short-term inflationary pressure.

Precious metals expert Tai Wong said that the market's increasing bets on the possibility of the Fed maintaining a tough policy, the strengthening of the USD and the expectation of declining inflation are putting significant pressure on gold prices. However, he believes that buying power from central banks is still a supporting factor, making the possibility of a prolonged deep decline not highly appreciated.

From a technical perspective, analyst Muhammad Umair believes that the 3,950-4,000 USD/ounce zone is an important support area for gold. If this zone is broken, the price may fall further into the 3,850 USD/ounce zone. Conversely, to return to the upward trend, gold needs to overcome the resistance zone around 4,350 USD/ounce.

Experts predict that in the near future, the gold market may enter a phase of accumulation with a wide fluctuation range, as investors continue to monitor US inflation data and new signals from the Fed. For the domestic market, the trend of SJC gold and gold rings is forecast to continue to fluctuate according to the developments of world gold and the USD exchange rate.