Gold price today June 22: Continue to decrease

Giá vàng hôm nay 22-6: Giảm tiếp - Ảnh 1.

World gold price dropped from 1,937 USD to 1,920 USD/ounce

World gold prices fluctuated unpredictably when the Chairman of the US Federal Reserve (Fed) - Mr. Jerome Powell told the House Financial Services Committee that interest rates were no longer important, but would continue to increase at a moderate level to reduce inflation deeply.

In response to this news, the US and European stock markets were red. Stock investors shifted some of their capital into US bonds, causing the cash flow into precious metals to be dominated. Gold prices today suffered downward pressure.

With this development, speculators immediately sold gold to recover capital, while gold surfers also took advantage of short selling, waiting for the price to drop and then buying it back to enjoy the difference.

So the world gold price dropped from 1,937 USD to 1,920 USD/ounce. At this price, those who had shorted started buying. Today's gold price at 6:00 am on June 22 increased again to 1,933 USD/ounce, but still decreased by 3 USD compared to the same time the previous day, which was 1,936 USD/ounce.

Previously, in Vietnam, the price of SJC gold on June 21 was almost unchanged at 67 million VND/tael.