Gold price today June 14: Increased to the highest level in the past 5 weeks

(NLDO) – World gold prices skyrocketed today due to the explosive demand for safe havens.

Gold prices today heat up Israeli airstrikes on Iran

Early morning of June 14 (Vietnam time), the world gold price today closed the weekend session at 3,433 USD/ounce - the highest price of gold in the past 5 weeks and increased sharply by 55 USD compared to the lowest level of the session (3,378 USD/ounce).

The main reason for the sharp rise in gold prices was Israel's air strikes on Iran, described as the biggest attack between the two countries in decades. Israel said it was ready for further military action, raising concerns about a full-scale conflict in the Middle East, threatening global energy supplies.

Against this backdrop, crude oil futures also surged, hitting a five-month high, trading around $74 a barrel. The yield on the 10-year US Treasury note hit 4.34%, while the US dollar index rose significantly, reflecting the instability in the financial markets, prompting many to seek refuge in gold.

US President Donald Trump warned Iran of more serious consequences if a peace deal is not reached. This statement further increased tensions, causing uncertainty in the US stock market. Investors sold stocks, shifting capital to the gold market.

With the geopolitical situation escalating, gold prices are forecast by analysts to continue to increase. However, the next developments between Israel and Iran, along with the reaction from the international community, will be the deciding factors in the international gold market trend in the coming days.

In Vietnam, as of the end of June 13, the listed price of SJC gold was 119 million VND/tael (selling price), while the price of gold rings reached 116 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-14-6-tang-len-muc-cao-nhat-5-tuan-qua-196250614062741743.htm