As of 11:00 AM on June 18th, DOJI gold prices in Hanoi and Ho Chi Minh City were listed at 75.3 million VND/ounce for buying and 76.98 million VND/ounce for selling, unchanged from the previous closing session. The difference between buying and selling prices was 1.68 million VND/ounce.
SJC gold bar prices extended their sideways trend for the 13th consecutive day, listed at 74.98-76.98 million VND/ounce for buying and selling. The difference between buying and selling prices is 2 million VND/ounce.
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| Gold price statistics from Rong Viet Online Services Joint Stock Company (VDOS) - Updated at 11:00 AM on June 18th. |
Currently, the difference between the price of SJC gold bars and the world price has narrowed to about 5-6 million VND/ounce.
The price of SJC 9999 gold rings remained unchanged compared to yesterday's closing price, trading at 73.3 million VND/ounce for buying and 74.9 million VND/ounce for selling. The buy-sell spread was 1.6 million VND/ounce.
PNJ gold is being bought at 73.3 million VND/ounce and sold at 74.9 million VND/ounce, unchanged from the previous closing session.
As of 11:00 AM on June 17th (Vietnam time), the world gold price edged up slightly by $1.2 compared to the previous closing session, reaching $2,324 per ounce.
Global gold prices rose slightly as data released last week showed signs of weakening in the US economy , increasing expectations of future interest rate cuts by the Federal Reserve (FED).
Although the increase was insignificant, experts believe that investors' continued expectation of the first interest rate cut in September is a key factor supporting gold prices.
According to CME Group's FedWatch interest rate tracking tool, the market is anticipating a 67% chance that the Fed will cut interest rates in September.
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World gold price chart on June 18. (Image: kitco.com) |
Jim Wyckoff, senior market analyst at Kitco Metals, predicts that gold prices will likely trade sideways in the $2,300-$2,400 per ounce range until the next key fundamental catalyst is found. According to Wyckoff, these catalysts won't appear until July.
This week, U.S. retail sales data, weekly jobless claims, and the Purchasing Managers' Index will provide further insight into the Fed's interest rate direction.
This morning, the USD-Index rose slightly to 105.39 points; the yield on 10-year US Treasury bonds was at 4.270%; US stocks hit new records as the market expects the Fed to cut interest rates in September; and oil prices surged to $84.12 per barrel for Brent crude and $79.61 per barrel for WTI crude.
Source: https://nhandan.vn/gia-vang-ngay-186-vang-mieng-vang-nhan-dung-yen-the-gioi-nhich-nhe-post814899.html
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