On the morning of June 26, the price of gold bars at Saigon Jewelry Company - SJC increased by 300,000 VND when buying to 117.8 million VND, and sold to 119.8 million VND. Most other gold and silver companies fixed the buying and selling prices of gold bars like SJC Company.
The gold ring market remained stable. Specifically, the 4-number 9 gold ring at SJC remained unchanged, still buying at 113.5 million VND and selling at 116 million VND. Similarly, Phu Nhuan Jewelry Company (PNJ) continued to buy gold rings at 113.6 million VND and selling at 116.3 million VND; Doji Group bought at 114.5 million VND and selling at 116.5 million VND... The difference in buying and selling prices of gold bars remained at 2 million VND/tael while gold rings fluctuated from 2.5 to 2.7 million VND/tael.
SJC gold bar price increased to nearly 120 million VND/tael. PHOTO: NGOC THANG
The world gold price was flat at around 3,332 USD/ounce. The precious metal was quite stable when the ceasefire between Israel and Iran announced by US President Donald Trump made investors breathe a sigh of relief. The ceasefire took effect on June 24 under uncertain circumstances, when both Israel and Iran accused each other of violating the ceasefire just hours after it was announced. At the same time, the easing of trade tensions also helped investors feel more secure, not rushing into safe assets like gold.
Speaking on CNBC, Daniel Pavilonis, senior market strategist at RJO Futures, said that all the momentum and potential in the market – factors that usually drive gold – is not enough to push the precious metal to new highs. Therefore, he believes that the current path is more bearish, with gold prices reaching $2,900 an ounce if things do not escalate in the Middle East.
The market is also awaiting US GDP and employment data due out today and personal consumption expenditure (PCE) data due tomorrow (June 27). These figures could give investors a sense of the future policy path of the US Federal Reserve (Fed). The market is currently predicting an over 85% chance of a rate cut in September./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-2662025-tang-len-sat-120-trieu-dong-185250626071431868.htm
Source: https://baolongan.vn/gia-vang-hom-nay-26-6-tang-len-sat-120-trieu-dong-a197696.html
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