Gold price today June 26: Will it continue to drop?

Update SJC gold price

As of 4:30 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at 117.5-119.5 million VND/tael (buy - sell); unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

DOJI Group listed at 117.5-119.5 million VND/tael (buy - sell); kept unchanged in both directions. The difference between buying and selling prices is at 2 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 117.5-119.5 million VND/tael (buy - sell); unchanged in both directions. The difference between the buy and sell prices is at 2 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 116.8-119.5 million VND/tael (buy - sell); down 200,000 VND/tael for buying and kept the same for selling. The difference between buying and selling prices is at 2.7 million VND/tael.

Price of 9999 round gold ring

As of 4:30 a.m., DOJI Group listed the price of gold rings at 114.5-116.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 2 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 114.5-117.5 million VND/tael (buy - sell), unchanged in both directions. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Gemstone Group listed the price of gold rings at 113.3-116.3 million VND/tael (buy - sell), an increase of 100,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

World gold price

This morning's world gold price listed on Kitco was around 3312.82 USD/ounce, down 10.08 USD/ounce.

Gold prices were little changed after falling sharply in the previous session as risk appetite increased following a ceasefire between Israel and Iran. Investors now turned their attention to key economic data due in the United States.

Decreasing tensions in the Middle East have reduced safe-haven demand, causing gold to give up its earlier gains, but uncertainties surrounding Iran’s nuclear program are still keeping investors in the yellow metal, said Giovanni Staunovo of UBS.

A ceasefire between Iran and Israel brokered by US President Donald Trump appeared to be holding on June 26, after both sides halted airstrikes and signaled an end to the conflict.

The dollar index continued to weaken as investors turned to riskier assets. A weaker dollar makes gold more attractive to investors holding other currencies.

A new report shows global central banks are reducing their reliance on the US dollar, shifting to gold, euros and yuan reserves amid geopolitical uncertainty.

Gold prices typically rise in a low-interest-rate environment and are seen as a safe haven during times of uncertainty. Markets are now looking ahead to U.S. first-quarter GDP data due on Thursday and the Fed's preferred inflation gauge, the personal consumption expenditures (PCE), on Friday.

Staunovo said that if the PCE index is lower than expected, pressure to cut interest rates will increase and support gold prices.

Fed Chairman Jerome Powell warned Congress on June 25 that higher tariffs could push up inflation in the summer. That same day, data showed U.S. consumer confidence unexpectedly fell in June.

Source: https://baohatinh.vn/gia-vang-hom-nay-266-lieu-co-tiep-tuc-giam-sau-post290591.html