Update SJC gold price
Gold prices continued to fall sharply after state-owned commercial banks opened direct gold sales to the public.
Faced with the current situation of many people rushing to buy gold, experts warn that domestic gold prices still have room to decrease to gradually bring them back to a reasonable difference. Buyers may face risks if they buy gold at this time.
Price of round gold ring 9999
As of 6:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI Gold and Gemstone Group is listed at 73.35-74.60 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, this unit kept the buying price of gold rings unchanged and decreased by 300,000 VND/tael for selling.
Saigon Jewelry Company SJC listed the price of 9999 plain round rings at 72.6-74.2 million VND/tael (buy - sell); unchanged from the previous trading session.
The price of 9999 gold rings at Bao Tin Minh Chau is listed at 73.33-74.63 million VND/tael (buy - sell). Compared to the closing price of the previous trading session, the price of gold rings at this unit decreased by 50,000 VND/tael for both buying and selling.
World gold price
As of 6:00 p.m. today, the world gold price listed on Kitco was at 2,307.4 USD/ounce.
Gold Price Forecast
World gold prices increased slightly despite the increase in the USD index. Recorded at 6:00 p.m. on June 11, the US Dollar Index, which measures the fluctuations of the greenback against 6 major currencies, was at 104.880 points (up 0.02%).
After suffering the strongest sell-off since the beginning of the year at the end of last week, world gold prices showed signs of a slight recovery at the beginning of this week.
However, gold prices did not change much amid the wait for important consumer price index (CPI) data from the US and China, as well as the results of the US Federal Reserve (FED) policy meeting.
The US CPI data for May 2024 and the results of the Fed's two-day policy meeting are both expected on June 12. Traders are also cautious ahead of macroeconomic data from China released on the same day.
Matt Simpson, senior analyst at City Index, said the Fed is unlikely to signal a possible rate cut in September after the strong jobs report. This could send gold prices lower further amid rising government bond yields and a stronger US dollar.
Updated economic projections from Fed officials this week are expected to show fewer rate cuts than policymakers forecast three months ago, as inflation remains unexpectedly high.
China is expected to resume buying as prices ease from a record high hit in May 2024.
Source: https://laodong.vn/tien-te-dau-tu/cap-nhat-gia-vang-chot-phien-116-vang-mieng-di-ngang-vang-nhan-sut-giam-1351793.ldo
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