Photo: THANH DAT
In today's trading session, gold prices of domestic and international brands simultaneously skyrocketed.
Specifically, at 1:00 p.m. on June 14, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 117.8-120.3 million VND/tael, an increase of 300,000 VND per tael for both buying and selling compared to the previous session. The buying and selling difference was 2.5 million VND.
The price of SJC 9999 gold ring is 113.7 million VND/tael for buying and 116.2 million VND/tael for selling, an increase of 200 thousand VND/tael for both buying and selling.
Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 117.8 million VND/tael and sold at 120.3 million VND/tael, an increase of 300 thousand VND/tael in both directions (buying-selling) compared to the previous session's close.
This brand listed the price of Doji Hung Thinh Vuong 9999 gold rings unchanged in both buying and selling compared to yesterday's closing price, trading at 115-117 million VND/tael, respectively.
PNJ Gold listed the buying price at 114 million VND/tael and the selling price at 116.8 million VND/tael, an increase of 500 thousand VND/tael for buying and 600 thousand VND/tael for selling compared to the previous session.
As of 1:00 p.m. on June 14 (Vietnam time), the world gold price increased by 47.07 USD/ounce compared to the previous session's close to 3,431.19 USD/ounce.
World gold prices soared as investors rushed to buy gold as a safe haven, after Israeli airstrikes on Iran raised concerns about a wider conflict in the Middle East.
Still, analysts remain cautious about the possibility of a new all-time high next week, as history shows that price increases triggered by geopolitical tensions are often short-lived.
In addition to geopolitical factors, the gold market next week will also focus on the US Federal Reserve's monetary policy meeting. US inflation data fell slightly this week, contributing to the increase in gold prices. This reinforced expectations that the FED will soon cut interest rates.
Gold is considered a safe asset in times of economic uncertainty or escalating geopolitical conflicts, and also benefits from low interest rates.
Today, the USD-Index was at 98.18 points; the yield on 10-year US Treasury bonds increased slightly to 4.406%; US stocks fell sharply; world oil prices jumped strongly, trading at 74.23 USD/barrel for Brent oil and 72.98 USD/barrel for WTI oil.
Source: https://baotuyenquang.com.vn/gia-vang-ngay-14-6-vang-mieng-vang-nhan-tang-lien-tiep-213488.html
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