Gold price today June 11: Sharp drop then bounce back

(NLDO) – Gold prices today fluctuate unpredictably as US-China trade negotiations show positive signs.

World gold price at 6am on June 11 reached 3,325 USD/ounce

Gold prices fluctuated sharply today due to profit-taking pressure from short-term futures traders. US stock indexes rose sharply, creating a negative signal for safe-haven metals such as gold.

On the other hand, the market received positive information from the US-China negotiations, when the two countries were willing to make concessions on tariffs. This reduced the demand for holding gold, causing the world gold price to drop by tens of USD at times last night.

However, some financial institutions forecast that the potential for gold price increase is still very large, thanks to the purchasing power of investment funds and some central banks. This information seems to have stimulated speculators to invest in precious metals. When the world gold price last night fell to 3,305 USD/ounce, many people took the opportunity to buy. By 6:00 a.m. on June 11, the gold price had increased again, reaching 3,325 USD/ounce.

In Vietnam, earlier, at the end of June 10, the price of SJC gold was listed at 118.5 million VND/tael (selling price), while the price of gold rings reached 114 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-11-6-giam-manh-roi-bat-tang-tro-lai-196250611063351649.htm