Gold price today June 27: Gold ring price increased shockingly by more than half a million dong

On the morning of June 27, the world gold price continued to decline. The precious metal fell by 18 USD at the beginning of the day, down to 3,315 USD/ounce. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 105 million VND/tael (excluding taxes and fees). Domestically, gold bars at Saigon Jewelry Company - SJC decreased by 100,000 VND when buying to 117.7 million VND, and sold at 119.7 million VND.

Meanwhile, the price of gold rings on the market increased sharply. Specifically, the price of 4-number 9 gold rings at SJC increased by 100,000 VND after one day, to 113.6 million VND for buying and 116.1 million VND for selling. Phu Nhuan Jewelry Company (PNJ) alone increased the price of gold rings by 600,000 VND, to 114.2 million VND and increased by 700,000 VND for selling, to 117 million VND; Doji Group increased the price of gold rings by 500,000 VND for buying to 115 million VND, and selling to 117 million VND...

Gold ring price increased by more than half a million dong. PHOTO: NGOC THANG

Gold has been falling in recent days as the Middle East situation cools down. In addition, the precious metal is under increasing pressure as investors expect more US interest rate cuts after a delay. The market is currently forecasting two rate cuts totaling 0.5% this year, starting in September. Investors are looking to US personal consumption expenditure (PCE) data due out today for further clues on the Federal Reserve's policy path.

Recently, Fortune quoted analysts at Bank of America (BofA) saying that geopolitical conflicts are not usually a long-term growth driver for gold prices, although this precious metal is still considered a safe haven asset in times of global instability. The bank said that gold prices could rise to $4,000/ounce within the next year, with the main driver coming from the US budget deficit, not the war between Israel and Iran. Analysts at BofA emphasized that the development of budget negotiations in the US will play a decisive role, and if the budget deficit is not reduced, the consequences of that - along with market volatility - could cause many investors to pour money into gold.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2762025-vang-nhan-tang-soc-hon-nua-trieu-dong-185250627065218501.htm

Source: https://baolongan.vn/gia-vang-hom-nay-27-6-vang-nhan-tang-soc-hon-nua-trieu-dong-a197765.html