World gold price today goes down
As of 6:00 a.m. on June 27 (Vietnam time), the spot gold price on the world market was recorded at 3,334 USD/ounce, down 24 USD compared to the highest level in last night's trading session.
However, the price of gold for August delivery stabilized at $3,343/ounce, showing that the gold market is in a consolidation phase, lacking the momentum to break out.
The weakening of world gold prices occurred in the context of easing tensions in the Middle East. Investors limited their demand for capital shelters, reducing the attractiveness of gold.
Meanwhile, US stocks continued to be the center of attention when recording impressive gains. The Dow Jones Index increased by 404 points, the Nasdaq increased by 194 points, and the S&P 500 increased by 48 points.
The growth reflected investor optimism, partly bolstered by the ceasefire between Israel and Iran.
When stock prices rise sharply, demand for safe-haven assets like gold typically falls, putting pressure on the price of the precious metal.
In Vietnam, the price of SJC gold continues to fluctuate strongly. As of the end of June 26, the price of SJC gold was listed at 120 million VND/tael (selling price), while the price of gold rings was 116 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-27-6-lao-doc-bat-ngo-196250627061311568.htm
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