Gold price today plummeted
As of 6:00 a.m. this morning (June 24), the world spot gold price was at 3,350 USD/ounce, down 44 USD compared to the peak last night (3,394 USD/ounce).
Contrary to expectations, gold prices fell sharply today despite escalating geopolitical tensions following the US military attack on Iran's nuclear facilities over the weekend. According to DowJones Newswires , today's notable headline is: "Markets surprisingly calm after US attacks on Iran".
David Morrison, an analyst at Trade Nation, said there were no signs of a mass exodus from risk assets in overnight trading.
The general view is that US military intervention will be restrained but effective, weakening Iran's nuclear ambitions. Gold investors also believe that Iran's ability to retaliate has been severely limited, which could stop the gold price's rise. As a result, many people have rushed to sell, causing today's gold price to drop dramatically.
Meanwhile, the factors that usually influence gold prices fluctuated insignificantly. Accordingly, the value of the USD was almost stable, crude oil prices traded around 74.25 USD/barrel, and the interest rate on 10-year US bonds remained at 4.3%.
In Vietnam, as of the end of June 23, the listed price of SJC gold was 119.7 million VND/tael (selling price), while the buying price of gold was 116.2 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-24-6-bat-ngo-giam-soc-196250624062911981.htm
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