Gold price today, updated with the latest gold price list, domestic and international gold prices dropped sharply in the first session of the week despite many optimistic signals after the US announced the jobs report in May.
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World gold price
World gold price currently trading at 1,856 USD/ounce. Spot gold price fell 0.9 USD from last week’s closing level to 1,850.5 USD/ounce.
The world gold price is currently witnessing an impressive recovery in the middle of the week after gold hit the highest level in nearly a month.
Inflation, although reduced, is still high, forcing the Fed to maintain its ‘hawk’ stance. In addition, high inflation will also support gold prices this summer as investors choose to get rid of ‘bad money’ and buy ‘good money’.
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Domestic gold price
Domestic gold price At noon on June 6, there was a slight fluctuation when it dropped in the first trading session of the week.
SJC gold prices in Hanoi and Ho Chi Minh City are currently listed at 68.60 – 69.50 million VND/tael bought and sold.
PNJ gold price is currently listed at 53.90 – 55.00 million VND/tael bought and sold.
The price of 24K gold jewelry is currently listed at 53.30 – 54.10 million VND/tael bought and sold.
The price of 18K gold jewelry is currently listed at 39.33 – 40.73 million VND/tael bought and sold.
Update the latest gold price list:
Gold price forecast
According to experts’ forecasts, the gold market in the coming time is currently witnessing a tug-of-war amid rising inflation. Meanwhile, the Fed currently maintains its hawkish stance to achieve its goal of bringing inflation down.
According to Phillip Streible, chief market strategist at Blue Line Futures, the recent economic data has given the Fed more reason to keep its “hawkish” stance on tightening monetary policy.
Gainesville Coins precious metals expert Everett Millman thinks high inflation will support gold prices this summer as investors choose to ditch the “bad money” and buy into the “good money”.