Gold price today June 12: Increased by nearly 7 million VND/tael

SJC gold bar price

As of 9:07 am, SJC gold bar prices were listed by DOJI Group at the threshold of 136.4-114 million VND/tael (buying - selling), an increase of 5.4 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at the threshold of 137.8-142.8 million VND/tael (buying - selling), an increase of 5.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 137.9-142.4 million VND/tael (buying - selling), an increase of 6.9 million VND/tael on the buying side and an increase of 6.4 million VND/tael on the selling side. The difference between buying and selling prices is at 4.5 million VND/tael.

9999 gold ring price

As of 9:07 am, DOJI Group listed the price of gold rings at 138-142.5 million VND/tael (buying - selling), an increase of 6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 4.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at the threshold of 137.8-142.8 million VND/tael (buying - selling), an increase of 5.6 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 5 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 137.9-142.4 million VND/tael (buying - selling), an increase of 6.9 million VND/tael on the buying side and an increase of 6.4 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 4.5 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 4.5 to 5 million VND/tael, posing a risk of losses for investors.

World gold price

At 9:17 am, world gold prices were listed around the threshold of 4,191.9 USD/ounce, up 126.4 USD compared to the previous day.

Gold price forecast

After a series of sharp declines, world gold prices have had a noteworthy recovery when buying power returned around the important support zone. This development shows that market sentiment is not completely leaning towards a downward trend, although pressure from US economic data and interest rate expectations are still large.

Previously, gold prices were under strong pressure after US jobs and inflation data showed that the economy still maintained its resilience. This made investors increasing expectations that the US Federal Reserve (Fed) could maintain tight monetary policy for a longer time. High real interest rates continue to be a disadvantage for gold, as the precious metal does not bring interest rates.

However, after many deep declines, selling pressure shows signs of slowing down. The fact that gold prices still maintain a long-term support zone around 4,000 USD/ounce is considered an important signal for technical analysts. If this level continues to be protected, gold may maintain a short-term recovery opportunity. Conversely, if the above support zone is lost, adjustment pressure may extend further.

From a long-term perspective, Mr. Thorsten Polleit - Honorary Professor of Economics at Bayreuth University, and also publisher of BOOM & BUST REPORT - believes that the current gold decline should be seen as a natural correction after a period of too strong increase, instead of a starting signal for a new downward price market.

According to Mr. Polleit, even in the event that gold prices fall below 4,000 USD/ounce, the area around 3,900 USD/ounce may still be a noteworthy support area. This expert believes that fundamental factors such as high public debt, prolonged budget deficit, real yields at risk of remaining negative and limited policy space of central banks are still important supports for gold in the long term.

Mr. Polleit also said that investors with a 5-year vision or more can consider the current price range as an opportunity for accumulation. According to him, trying to accurately determine the short-term bottom may not be as important as holding gold as a defensive asset against the instability of the global monetary system.

In the short term, gold prices may still fluctuate strongly according to information about inflation, US bond yields, Fed policy and geopolitical developments. Although buyers have had an overwhelming session, a sustainable recovery trend will need more confirmation signals, especially the ability to maintain an important support zone and regain previously lost technical thresholds.