Gold buyers lost 3.6 million VND/tael after one week

Gold prices fluctuate strongly

At the end of the trading week from June 2 to June 7, the price of SJC gold bars was listed by large enterprises at 114.9-117.2 million VND/tael (buy - sell). The difference between the two buying and selling directions was 2.3 million VND/tael.

Since the beginning of the week, the price of gold bars has continuously increased and decreased, fluctuating within a narrow range. At the beginning of the week, the price of gold bars was listed at 116-118.5 million VND/tael (buy - sell). After a week, the buying price decreased by 1.1 million VND/tael and the selling price decreased by 1.3 million VND/tael.

Thus, if at the beginning of the week customers bought gold bars at 118.5 million VND/tael, currently the "gold shops" only buy at 114.9 million VND/tael, a loss of 3.6 million VND.

The price of plain gold rings ended the week listed at 111.2-113.5 million VND/tael (buy - sell). This item fluctuates similarly to gold bars, being continuously adjusted with an amplitude of 200,000 VND to 500,000 VND, depending on the session.

Last week, the world gold price fluctuated between 3,300-3,400 USD/ounce and closed the week at 3,308 USD/ounce. Experts said that the failure of gold to break through the 3,400 USD/ounce threshold at the end of the week, along with the relatively stable US labor market, could cause the gold price to continue to fluctuate around the current level in the short term.

However, according to analysts, the fact that gold is holding around the $3,300/ounce threshold shows that there is still potential buying power. And now, with the employment data released by the US Department of Labor last week, the next focus will be on inflation - with the consumer price index (CPI) for May due to be released.

However, many experts still believe that this data is unlikely to prompt the US Federal Reserve (Fed) to cut interest rates.

Experts say that even though the Fed will maintain a neutral stance until at least the end of the year, gold remains an attractive asset. In addition, although gold is trading steadily in the range of 3,200-3,400 USD/ounce, investors should take advantage of buying when the price adjusts to the low zone. On the other hand, in the current context, the greenback is still likely to weaken - this will create an advantage for gold.

USD in all markets decreased simultaneously

At the end of last week, the State Bank listed the exchange rate at 24,992 VND/USD, down 3 VND compared to the previous session. With a 5% margin compared to the central rate, the ceiling rate applied is 26,241 VND/USD and the floor rate is 23,742 VND/USD.

The USD exchange rate listed by major banks is 25,905-26,241 VND (buying - selling), down 3 VND for selling compared to the previous day. At joint stock banks, the corresponding exchange rate for buying and selling is 25,881-26,241 VND, down 3 VND for both. Banks are listing the USD selling price at the ceiling price.

On the free market, the USD price is traded at 26,225-26,325 VND (buy - sell), down slightly 5 VND compared to before.

Source: https://dantri.com.vn/kinh-doanh/nguoi-mua-vang-lo-36-trieu-dongluong-sau-mot-tuan-20250609002707991.htm