SJC gold bar price
As of 6:00 AM on June 19, 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 AM on June 19, 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 11:40 PM on June 18, world gold prices were listed around the threshold of 4,216.1 USD/ounce, a sharp decrease of about 141 USD compared to the previous day.
Gold price forecast
World gold prices are under downward pressure as the market continues to re-evaluate interest rate outlook after the latest meeting of the US Federal Reserve (Fed). Although the Fed kept interest rates unchanged in the 3.50-3.75% range, the message after the meeting still leaned towards caution, even somewhat tougher than expected.
According to newly released forecasts, half of the Fed officials believe that the agency may need to raise interest rates once more this year. This weakens expectations of monetary policy easing, while pushing US bond yields and the USD up. These are all unfavorable factors for gold, because the precious metal does not bring interest rates.
Fed Chairman Kevin Warsh said the Fed still prioritizes controlling inflation and will continue to closely monitor economic data before making further decisions. This signal makes investors not in a hurry to return to gold, especially when the US stock market shows signs of recovery thanks to cooling oil prices and easing geopolitical tensions in the Middle East.
Another factor reducing safe-haven demand is the information that the US and Iran reached an initial agreement to end the conflict, reopen maritime routes and allow Iran's oil exports to resume. Brent oil prices fell to below 80 USD/barrel, while WTI oil fluctuated around the mid-70 USD/barrel range. This development helps reduce concerns about energy inflation, thereby weakening the support for gold.
Technically, analysts believe that gold needs to return to the resistance zone of 4,280-4,320 USD/ounce to improve short-term prospects. If it can be maintained above this zone, gold prices may head towards 4,364 USD/ounce, further to the 4,575 USD/ounce area. Conversely, if it loses the 4,240 USD/ounce mark, selling pressure may increase, pulling prices back to 4,200 USD/ounce, even 4,180 USD/ounce.
In the short term, the trend of gold is likely to still depend on the developments of US bond yields, the strength of the USD and the next signals from the Fed.
Gold price data is compared to the previous day.
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