Gold bars are only 2 million VND/tael more expensive than gold rings.

At 11:00 a.m. on June 18, DOJI gold prices in Hanoi and Ho Chi Minh City were listed at VND75.3 million/tael for buying and VND76.98 million/tael for selling, unchanged from the previous session. The difference between buying and selling was VND1.68 million/tael.

SJC gold bar prices continued their 13th consecutive day of sideways movement, listed at VND74.98-76.98 million/tael for buying and selling. The difference between buying and selling is VND2 million/tael.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 11:00 on June 18.

Currently, the difference between SJC gold bar price and world price has narrowed to about 5-6 million VND/tael.

The price of SJC 9999 gold rings remained unchanged compared to yesterday's closing price, buying at 73.3 million VND/tael, selling at 74.9 million VND/tael. The difference between buying and selling is 1.6 million VND/tael.

PNJ gold bought at 73.3 million VND/tael and sold at 74.9 million VND/tael, unchanged from the previous session.

As of 11:00 a.m. on June 17 (Vietnam time), the world gold price increased slightly by 1.2 USD compared to the previous session to 2,324 USD/ounce.

World gold prices increased slightly when data released last week showed signs of weakness in the US economy , raising expectations that the US Federal Reserve (FED) will cut interest rates in the future.

Although the increase was not significant, experts said that investors' expectations for the first interest rate cut in September were an important driving force to support gold prices.

According to CME Group's FedWatch interest rate tracker, the market is predicting a 67% chance that the Fed will cut interest rates in September.

World gold price chart on June 18. (Photo: kitco.com)

Gold prices are likely to trade sideways between $2,300 and $2,400 an ounce until the next major fundamental catalyst is found, which will not appear until July, according to Jim Wyckoff, senior market analyst at Kitco Metals.

This week, data on US retail sales, weekly jobless claims and purchasing managers' index will provide more information on the Fed's interest rate path.

This morning, the USD-Index increased slightly to 105.39 points; the yield on 10-year US Treasury bonds was at 4.270%; US stocks set a new record as the market expected the FED to cut interest rates next September; oil prices increased sharply to 84.12 USD/barrel for Brent oil and 79.61 USD/barrel for WTI oil.

Source: https://nhandan.vn/gia-vang-ngay-186-vang-mieng-vang-nhan-dung-yen-the-gioi-nhich-nhe-post814899.html