Gold price today June 26: Recovery but still facing obstacles

SJC gold bar price

As of 9:10 am, Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 143.5-146.8 million VND/tael (buying - selling), an increase of 500,000 VND/tael on the buying side and an increase of 800,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.

At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 143.8-146.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael in both buying and selling directions. 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 142.7-14.62 million VND/tael (buying - selling), an increase of 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.

9999 gold ring price

As of 9:10 am, Phu Quy Jewelry Group listed the price of gold rings at the threshold of 143.2-146.2 million VND/tael (buying - selling), an increase of 200,000 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 Group listed gold ring prices at the threshold of 143.8-146.8 million VND/tael (buying - selling), an increase of 800,000 VND/tael in both buying and selling directions. 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 142.7-14.62 million VND/tael (buying - selling), an increase of 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.

World gold price

At 9:10 am, world gold prices were listed around the threshold of 4,016.1 USD/ounce, up 41.5 USD compared to the previous day.

Gold price forecast

World gold prices are showing signs of recovery after a previous sharp decline when the USD weakened and US government bond yields fell. These factors help reduce pressure on precious metals that do not generate fixed cash flows like gold.

In the most recent session, spot gold prices returned to the 4,000 USD/ounce mark, as investors continued to monitor US economic data and the monetary policy outlook of the US Federal Reserve (Fed).

One of the factors supporting gold prices is the cooling of US bond yields. When yields decrease, the opportunity cost of holding gold improves, thereby creating support for the market. In addition, developments related to geopolitical tensions in the Hoarmuz Strait area still make investors maintain defensive demand, although the level of concern has decreased compared to the initial phase.

However, the recovery trend of gold is still facing many obstacles. Expert Ole Hansen - Head of Commodity Strategy at Saxo Bank, said that the recent decline in gold and silver mainly stems from the strength of the USD and a tougher message from the Fed. According to him, when the greenback appreciates, the attractiveness of non-performing assets such as gold may be reduced.

Mr. Ole Hansen believes that the gold market is still heavily affected by investor portfolio adjustments, as speculative cash flow withdraws from the precious metal. However, this expert also assessed that some pressures such as high bond yields and expectations that the Fed will continue to tighten policy are showing signs of easing.

From a more cautious perspective, Carley Garner - commodity trading expert and co-founder of DeCarley Trading - believes that the USD will continue to be a decisive factor in gold trends in the coming time. She believes that if US monetary policy strengthens the strength of the USD, gold may continue to be under adjustment pressure due to losing part of its upward momentum.

In the short term, the market is waiting for clearer signals from the Fed, the diễn biến of the USD and geopolitical factors. If gold maintains its support zone around 4,000 USD/ounce, bottom-fishing buying power may appear. Conversely, if selling pressure increases, the precious metal is likely to retreat to lower price zones before finding a new balance.