Gold price on June 23: World slightly decreased, domestic stable

(Illustration)

Specifically, at 1 p.m. on June 23, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 117.7-119.7 million VND/tael, unchanged from the previous session. The difference between buying and selling was 2 million VND/tael.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 13:00 on June 23.

The price of SJC 9999 gold ring is 113.7 million VND/tael for buying and 116.2 million VND/tael for selling, unchanged from the previous session.

DOJI gold bar price in Hanoi and Ho Chi Minh City is 117.7 million VND/tael for buying and 119.7 million VND/tael for selling.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 114.5-116.5 million VND/tael.

PNJ Gold is currently buying at 113.7 million VND/tael and selling at 116.5 million VND/tael, unchanged from the previous session.

Currently, the price of SJC gold bars is about 11 million VND higher than the world price.

As of 1:00 p.m. on June 23 (Vietnam time), the world gold price continued to decrease by 6.36 USD to 3,360.62 USD/ounce.

Gold prices continued to fall today as the market is monitoring information related to the escalating conflict between Iran and Israel when the US officially intervened yesterday (June 22). The US attack on Iran's nuclear facilities has pushed the Middle East into instability.

The latest Kitco News weekly gold survey shows that industry experts are evenly divided on the short-term outlook for gold, while retail investors remain bullish on gold prices.

Rich Checkan, President and CEO of Asset Strategies International, said: Because of the escalation of Middle East tensions and because gold prices are currently over-corrected, there is a possibility that the precious metal will rise this week.

World gold price chart on June 23. (Photo: kitco.com)

“Gold has been moving up and down recently with the Middle East conflict,” said Colin Cieszynski, chief market strategist at SIA Wealth Management. “Gold will adjust depending on what happens, which is hard to predict at the moment, so I’m neutral.”

The ups and downs of the precious metals market reflect the ups and downs of geopolitical risks and in this environment he does not want to give any direction, said Adam Button, head of currency strategy at Forexlive.com.

“Nothing will change in the long term for gold as a safe haven market,” said Darin Newsom, senior market analyst at Barchart.com. “The precious metal may see a short-term sell-off but then investors buy back in as concerns about the global situation, both political and economic, grow.”

This morning, the USD-Index increased slightly to 99.05 points; the yield on 10-year US Treasury bonds was at 4.397%; US stocks fell amid concerns about escalating Middle East tensions; world oil prices rose to a 5-month high, trading at 76.88 USD/barrel for Brent oil and 76.65 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-23-6-the-gioi-giam-nhe-trong-nuoc-on-dinh-213907.html