Gold price today June 10: Growth is limited

Last night, the price of gold on the international market reached 1,970 USD/ounce but then stopped. At the beginning of June 10, the price of gold closed the last trading session at 1,960 USD/ounce.

Analysts say the rise in US bond yields has helped the US dollar recover after a sharp decline in the previous days. This is considered the main factor limiting the rise in gold prices.

In addition, the market predicts that the US Federal Reserve (FED) may not raise interest rates further at its meeting on June 13 and 14 but will increase them in July 2023.

At that time, the USD could increase sharply, putting pressure on gold prices. Therefore, at this time, speculators are waiting for market signals and are not yet aggressive in buying or selling gold. It is understandable that the world gold price today is limited in its growth momentum.

Previously, in Vietnam, on June 9, SJC gold price increased slightly by 50,000 VND/tael, closing at 67.1 million VND/tael at the end of the day.

Thy Tho - Photo: Tan Thanh - Graphics: Chi Phan

Source: https://nld.com.vn/kinh-te/gia-vang-hom-nay-10-6-da-tang-khung-lai-202306100637343.htm