Gold prices continued to plummet due to the stabilization of the geopolitical situation after the ceasefire between Iran and Israel took effect.
As tensions eased, demand for gold, considered a safe haven, fell sharply. At the same time, strong global stock markets and a sharp drop in oil prices also put pressure on the precious metal market.
In addition, investors are focusing on the speech of the Chairman of the US Federal Reserve (Fed) before Congress . Opinions on interest rate policy are dividing the market, with expectations that the Fed will maintain a cautious stance instead of easing aggressively. This could continue to negatively impact gold prices in the short term.
Gold price movements today
+ Domestic gold price
At 6:00 a.m. on June 25, the price of gold bars at Doji and SJC was listed at 117.7 - 119.7 million VND/tael (buy - sell), unchanged from early this morning.
Meanwhile, the price of gold rings is currently listed by Doji at 114-116 million VND/tael (buy - sell), down 500,000 VND/tael compared to early this morning.
+ International gold price
The world gold price listed on Kitco is at 3,321 USD/ounce, down 32 USD/ounce compared to late yesterday afternoon. Gold futures last traded at 3,324 USD/ounce.
Gold Price Forecast
Many investors expect that if the ceasefire takes effect and according to technical analysis, gold will fall further in the next few days, possibly to $3,250/ounce, or even $3,100/ounce. Gold has increased continuously for 6 months, with an increase of nearly 30%.
Investors are closely watching the moves by Israel and Iran. Netanyahu had told Trump earlier that he could not cancel all the strikes, but would significantly reduce the number of targets. Israel later confirmed that it had struck a target in Iran and that the jets were on their way back. Investors are waiting to see whether Iran will retaliate further or hold off.
Source: https://baolangson.vn/gia-vang-hom-nay-25-6-vang-tiep-tuc-lao-doc-5051085.html
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