Gold price update at the close of June 26th: Recovery after many sessions of decline

SJC gold bar price

As of 5:05 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 143.8-147 million VND/tael (buying - selling), an increase of 1.3 million VND/tael on the buying side and an increase of 1 million VND/tael on the selling side. The difference between buying and selling prices is at 3.2 million VND/tael.

SJC gold bar price is listed by DOJI at 144-147 million VND/tael (buying - selling), an increase of 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 142.8-146.5 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.7 million VND/tael.

9999 gold ring price

As of 5:05 PM, Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 143.5-146.5 million VND/tael (buying - selling), an increase of 1 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.

DOJI listed the price of gold rings at 144-147 million VND/tael (buying - selling), an increase of 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 142.8-146.5 million VND/tael (buying - selling), an increase of 1.8 million VND/tael on the buying side and an increase of 1.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.7 million VND/tael.

World gold price

At 7:10 PM, world gold prices were listed around the threshold of 4,046.3 USD/ounce, up 62.3 USD compared to the previous day.

Gold price forecast

After the previous strong correction, world gold prices are showing signs of recovery as the USD weakens and US Treasury bond yields fall. However, investors are still cautious due to pressure from the monetary policy of the US Federal Reserve (Fed) and the possibility of the greenback continuing to strengthen.

The precious metal market is supported when the yield of 10-year US bonds retreats to around 4.4%. This is a positive factor for gold - a non-performing asset, because when yields decrease, the opportunity cost to hold gold is also less attractive. In addition, the weakening USD makes gold cheaper for buyers holding other currencies.

Another factor affecting gold prices is geopolitical tensions. Risks related to transportation activities in the Strait of Hormuz have not completely disappeared, making gold still seen as a haven in the event of new shocks in the energy and financial markets.

However, the upward momentum of gold is still not really certain. Investors continue to monitor signals from the Fed after this agency maintains a cautious view on interest rates. Expecting high interest rates to be maintained for a long time is limiting the breakthrough potential of the precious metal.

Ms. Carley Garner - commodity trading expert and co-founder of DeCarley Trading - said that the USD will be a decisive factor in the next trend of gold. According to her, if policies to strengthen the greenback are effective, cash flow may leave gold and return to yield-bearing assets such as US bonds.

Ms. Garner believes that investors have accumulated gold for many years as a hedge against inflation and currency weakening risks. However, if market liquidity continues to shrink, the precious metal may face a deeper correction phase.

Technically, the 4.020-4.040 USD/ounce zone is being considered an important resistance level that gold prices need to overcome to consolidate the upward trend again. If successfully breaking through, gold may head towards the 4,180-4,200 USD/ounce zone. Conversely, if it loses the support level of 3,950 USD/ounce, selling pressure may increase, pulling prices back to lower levels.

In the short term, the market is forecast to remain volatile as investors balance two factors: safe-haven demand and pressure from the USD and the Fed's interest rate policy.