Gold price today, June 13: Continues to "heat up"

Gold prices in the world today go up.

Gold prices fluctuated today in the context of the US announcing that the consumer price index (CPI) in May 2024 increased by 3.3%, unchanged from the previous month. This shows that inflation in the US is showing signs of slowing down, creating conditions for the Federal Reserve (FED) to soon lower interest rates.

Last night, June 12, after concluding a two-day monetary policy meeting, the FED announced that it would keep interest rates at 5.25-5.5% and expected to cut interest rates once by the end of 2024.

In response to the above information, the USD has decreased in value, the bond interest rate has fallen to 4.2%, which means the value of the bond has increased. This factor has stimulated investors to sell bonds, shifting capital to precious metals. The price of gold today has the momentum to go up.

The developments in the trading session last night showed that the world gold price at times reached 2,340 USD/ounce. However, at this price, some investors sold to earn profits.

Gold price today (June 13), at 6 o'clock, dropped to 2,322 USD/ounce but still increased 7 USD compared to the same time yesterday at 2,315 USD/ounce.

Previously, in Vietnam, the price of SJC gold bars on June 12 was kept unchanged at 76.98 million VND/tael by 4 commercial banks (Vietcombank, Agribank , BIDV, VietinBank) and SJC Company. People continued to line up to trade gold bars but purchasing power decreased compared to many previous days.

According to Lao Dong Newspaper

Source: https://baolaocai.vn/gia-vang-hom-nay-136-tiep-tuc-nong-len-post385325.html