Gold price today June 19: Reduced by up to 4 million VND/tael

SJC gold bar price

As of 9:00 AM, SJC gold bar prices were listed by DOJI Group at the threshold of 144.8-147.8 million VND/tael (buying - selling), down 4 million VND/tael on the buying side and down 3.5 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 SJC gold bar prices at 144.8-147.8 million VND/tael (buying - selling), down 3.7 million VND/tael on the buying side and down 3.5 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 144.8-147.8 million VND/tael (buying - selling), down 4 million VND/tael on the buying side and down 3.5 million VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

9999 gold ring price

As of 9:00 AM, DOJI Group listed gold ring prices at the threshold of 144.8-147.8 million VND/tael (buying - selling), down 4.2 million VND/tael on the buying side and down 3.7 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 gold ring prices at the threshold of 144.8-147.8 million VND/tael (buying - selling), down 3.7 million VND/tael on the buying side and down 3.5 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 Gold and Gems Group listed the price of gold rings at 144.8-147.8 million VND/tael (buying - selling), down 4 million VND/tael on the buying side and down 3.5 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 9:05 am, world gold prices were listed around the threshold of 4,184.9 USD/ounce, down 139.5 USD compared to the previous day.

Gold price forecast

World gold prices are under clear pressure after the latest policy meeting of the US Federal Reserve (Fed). The Fed's maintenance of interest rates but signaling longer monetary policy tightening has caused the USD to rise sharply, US bond yields to remain high, thereby reducing the attractiveness of gold - an unprofitable asset.

After holding the important support zone around 4,000 USD/ounce at one point and rebounding in the first sessions of the week, gold prices quickly lost most of their gains.

Selling pressure increased as the market adjusted expectations for the Fed's interest rate roadmap. Instead of returning to the interest rate cut cycle soon, new forecasts show that the Fed may still leave the risk of raising interest rates open if inflation does not cool down sustainably.

From a technical perspective, the 4,000 USD/ounce zone continues to be considered an important support level for gold prices. If this area is maintained, the long-term uptrend of the precious metal has not been broken.

Conversely, if the price breaks through the support zone of 4,180-4,200 USD/ounce, adjustment pressure may expand to 4,020 USD/ounce, even retesting the 4,000 USD/ounce mark. On the upside, gold needs to rise back to the 4,300-4,320 USD/ounce zone to improve market sentiment, before heading towards higher levels around 4,370-4,390 USD/ounce.

Ole Hansen - Head of Commodity Strategy at Saxo Bank - said that market sentiment is unlikely to improve significantly if price movements do not give more positive signals. According to this expert, the 200-day moving average is still the key area, while the fact that gold prices are trading significantly lower than this threshold makes investors following the trend still cautious.

Meanwhile, Simon-Peter Massabni - Business Development Director at XS. com - said that gold is stuck between two opposing pulling forces. One side is a strong USD, the Fed's tough stance and rising US bond yields; the other side is persistent inflation, global economic instability and geopolitical risks that may return.

Next week, the market will focus on the final Q1 GDP data of the US, the Personal Consumption Price Index (PCE) and preliminary PMI. These data may determine interest rate expectations, thereby creating strong fluctuations for gold prices.