On the morning of June 7, Eximbank reduced the price of SJC gold bars by VND300,000 per tael in the past 24 hours, buying at VND66.4 million and selling at VND66.8 million. Meanwhile, Saigon Jewelry Company - SJC reduced the price by VND150,000 per tael, down to VND66.4 million for buying, and selling at VND67 million... The price of gold rings at SJC Company decreased by VND100,000, down to VND55.55 million for buying and VND56.6 million for selling. With the same quality of 4-number-9 gold, SJC gold bars are up to VND10.4 million/tael higher than rings.
SJC gold bars are priced 10.4 million VND/tael higher than rings.
World gold prices on June 7 increased by 2 USD/ounce, to 1,965 USD/ounce. In the US trading session (night of June 6), gold fell to 1,955 USD/ounce. Gold fluctuated within a narrow range, waiting for economic and political news. Military tensions between Russia and Ukraine are on the rise. Safe-haven demand for gold increased slightly after news that a large dam and power plant in Ukraine exploded, causing major flooding in the area and raising concerns about crops being destroyed by floods...
The US Federal Reserve (Fed) will begin its Federal Open Market Committee (FOMC) meeting next week. The Fed's extremely hawkish monetary policy, with 10 consecutive rate hikes, has brought interest rates down to a range of 5% to 5.25%, which has significantly reduced inflation but is still well above the Fed's target. Fed members have been waiting for new inflation data due in mid-June to see if it is on target. The core inflation index, which excludes food, energy and housing, has remained stable in the range of 5% to 6% since December 2022. The market forecasts an 81.1% chance that the Fed will begin to pause interest rate hikes.
Source link
Comment (0)