International gold price is around 3,330 USD, SJC gold is listed at 119.8 million VND/tael

The reason why precious metals are quite stable is because the ceasefire between Israel and Iran announced by US President Donald Trump made investors breathe a sigh of relief.

The ceasefire took effect on June 24 amid uncertainty, with both Israel and Iran accusing each other of violating the ceasefire just hours after it was announced.

International gold price is around 3,330 USD, SJC gold is listed at 119.8 million VND/tael.

The easing of trade tensions has also reassured investors, who are not rushing into safe haven assets like gold. Therefore, gold prices could reach $2,900/ounce if things do not escalate in the Middle East. The market is also waiting for US GDP and employment data due today and personal consumption expenditure (PCE) data tomorrow (June 27).

These figures could give investors a sense of the future policy path of the US Federal Reserve (Fed). The market is currently pricing in a more than 85% chance of a rate cut in September and possibly another cut before the end of 2025.

Federal Reserve Chairman Jerome Powell, in his second day of testimony before Congress , stressed that the central bank is in no rush to cut interest rates due to uncertainties surrounding the impact of the unresolved tariff dispute. However, the market predicts that the Fed will soon cut USD interest rates in the third quarter of 2025.

This morning (June 26), the price of SJC gold bars increased by 300,000 VND thanks to the increase in international gold prices. SJC Company listed the buying price at 117.8 million VND, selling at 119.8 million VND. The price of 4-number 9 gold rings at SJC remained the same when buying at 113.5 million VND, selling at 116 million VND.

Regarding the exchange rate, this morning, the State Bank reduced the central exchange rate by 2 VND, down to 25,053 VND/USD. Banks slightly reduced the USD price by 2 VND. Specifically, at Vietcombank , the buying price is 25,955 - 25,985 VND, the selling price is 26,305 VND.

According to UOB analysts, VND will continue to fluctuate in a weak range within the trading range with USD until the end of Q3/2025. However, from Q4/2025 onwards, VND may begin to regain momentum, in line with the general improvement trend of Asian currencies as trade uncertainties gradually ease. UOB updated its USD/VND exchange rate forecast as follows: 26,300 in Q3/2025, 26,100 in Q4/2025, 25,900 in Q1/2026, 25,700 in Q2/2026.

Source: https://baodautu.vn/gia-vang-quoc-te-quanh-muc-3330-usd-vang-sjc-niem-yet-o-muc-1198-trieu-dongluong-d314487.html