Gold price today, June 26: Strong increase again

(NLDO) - After two consecutive sessions of decline, gold prices today, June 26, have rebounded due to increased demand for safe havens.

World gold price today increased

As of 6:00 a.m. on June 26 (Vietnam time), the world gold price was recorded at 3,334 USD/ounce, up 24 USD compared to the lowest level in last night's trading session (3,310 USD/ounce).

The recovery in gold prices was supported by market sentiment, especially related to geopolitical and macroeconomic factors.

Although tensions in the Middle East have eased somewhat thanks to a ceasefire between Israel and Iran, markets remain unsettled by reports that the US attack on Iran’s nuclear facilities will only delay the country’s nuclear weapons program by three to six months. Although the Trump administration has denied this, geopolitical uncertainty remains a major factor pushing up the price of gold, a safe-haven asset.

Meanwhile, trade tensions between the US and China remain a potential flashpoint. These tensions, coupled with geopolitical uncertainty, continue to make gold a preferred choice for investors and central banks.

According to a survey by the Official Monetary and Financial Institutions Forum (OMFIF) released on June 24, 32% of central banks worldwide plan to increase gold reserves in the next 12-24 months to reduce dependence on major currencies, hedge against geopolitical risks and fight inflation.

This information may have stimulated investors to increase capital in precious metals. The world gold price today of course increased.

In Vietnam, as of the end of June 25, the listed price of SJC gold was 119.5 million VND/tael (selling price), while the buying price of gold was 116 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-26-6-tang-manh-tro-lai-196250626061744921.htm