Update SJC gold price
Price of round gold ring 9999
As of 6am today, the price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 74.7-76.0 million VND/tael (buy - sell).
Saigon Jewelry Company listed the price of gold rings at 73.95-75.55 million VND/tael (buy - sell).
Bao Tin Minh Chau listed the price of gold rings at 74.66-75.96 million VND/tael (buy - sell).
World gold price
As of 6am today, the world gold price listed on Kitco was at 2,318.4 USD/ounce, down 14.3 USD/ounce compared to the beginning of yesterday's trading session.
Gold Price Forecast
World gold prices fell as the USD index increased. Recorded at 1:45 a.m. on June 26, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 105.165 points (up 0.12%).
Gold prices fell as investors awaited key US inflation data due later this week that could provide clues on the Federal Reserve's interest rate stance.
The US first quarter 2024 gross domestic product (GDP) estimate will be released on June 27 and the personal consumption expenditures (PCE) price index report on June 28.
Kelvin Wong, senior market analyst for Asia Pacific at financial services firm OANDA, said the short-term technicals are not very positive for gold. After the sell-off on June 21, short-term traders took this as a signal that prices are starting to fall.
This expert said that if the PCE increases, it is not good news for gold and could cause the price of this precious metal to fall below $ 2,300 / ounce. Low interest rates reduce the opportunity cost of holding non-yielding assets such as gold.
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