Gold price today June 14, 6, SJC gold bar price remained stable for many consecutive sessions. 2024 gold ring price goes sideways. World markets are struggling to hold the $9999/ounce level as the Fed continues to reduce expectations for interest rate cuts. When the Fed neither lowers nor raises interest rates, it will cause investors to switch to less risky assets.
LIVE UPDATES TABLE GOLDEN PRICE TODAY 14/6 , and RATE TODAY 14/6
| 1. SJC – Updated: 13/06/2024 08:29 – Time of website supplies – ▼/▲ Compared to yesterday. | ||
| Species | Buy into | Sold out |
| SJC 1L, 10L, 1KG | 74,980 | 76,980 |
| SJC 5c | 74,980 | 77,000 |
| SJC 2c, 1C, 5 inch | 74,980 | 77,010 |
| SJC Gold Ring 99,99 1 thread, 2 thread, 5 thread | 72,900 | 74,500 |
| SJC Gold Ring 99,99 0.3 thread, 0.5 thread | 72,900 | 74,600 |
| Jewelry 99.99% | 72,800 | 73,700 |
| Jewelry 99% | 70,970 | 72,970 |
| Jewelry 68% | 47,771 | 50,271 |
| Jewelry 41.7% | 28,386 | 30,886 |
Update gold price developments today June 14, 6
Gold price domestic moving sideways for many consecutive sessions, bringing a sense of stability to the market.
SJC gold bar price moved sideways for the fifth consecutive session at 76,98 million VND/tael on the selling side.
The difference between SJC gold bar price and world price gradually stabilized, no longer "jumping" like a few days ago, fluctuating around 5,78 million VND/tael.
Gold ring price 9999 unchanged compared to the session on June 12, trading in the range of 6 - 72,8 million VND/tael (buy-sell). The difference between buying and selling is about 74,4 million VND/tael.
Summary of SJC gold prices at major domestic business brands at the close of session 13/6:
VBQ Saigon Company listed at 74,98 - 76,98 million VND/tael.
Doji Group is currently listed at: 74,98 - 76,98 million VND/tael.
PNJ system listed at: 74,98 - 76,98 million VND/tael.
Phu Quy Gold and Silver Group listed at 75,50 - 76,98 million VND/tael.
SJC gold price at Bao Tin Minh Chau is listed at: 75,50 - 76,98 million VND/tael.
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| Gold price today June 14, 6: Gold price maintains 'safe mark', Fed is about to make a new move, will world gold increase? (Source: Kitco) |
World gold price is trying to hold the $2.350 level as the US Federal Reserve (Fed) keeps interest rates unchanged, signaling only one rate cut this year.
Notes of TG&VN, At 18:00 p.m. on May 13 (Hanoi time), world gold prices traded on the Kitco exchange were at 5 - 2,317.90 USD/ounce, down 2,318.90 USD compared to the previous trading session. August gold futures last traded at $6,9 an ounce, up 8% on the day.
As expected, the Fed kept interest rates unchanged in the range of 5,25%-5,50%. Updated economic forecasts show the central bank will cut interest rates once this year, down from three estimates in March. While holding positive gains, the gold market has dropped slightly below 2.350 USD/ounce, which has proven to be an important resistance point as a “safety mark”.
According to some economists, the US central bank will continue to keep its options open as inflation remains high. However, the Fed has commented on the issue of inflation - the US economy's inflation has eased over the past year but remains high. In recent months, there has been modest progress toward the Fed's 2% target, the central bank said in its recent monetary policy statement.
Overall inflation is also expected to be higher this year and next before cooling in 2026. The Fed predicts inflation will rise to 2,6% this year, up from a previous estimate of 2,4%. 2,3%. Inflation is expected to rise to XNUMX% next year.
Although the Fed only signaled an interest rate cut once this year, some economists noted that it was only “a close decision.” Ashworth, Chief Economist for North America at Capital Economics, said everything still depends on the health of the US economy.
When will gold prices continue to increase?
Expert Jeffrey Christian, managing partner of CPM Group, said that the Fed neither lowering nor raising interest rates will cause investors to switch to less risky assets, including gold.
ING commodity strategist Ewa Manthey said that gold is facing new "headwinds" from a stronger USD and weaker Chinese demand. But the yellow metal will continue to rise after the Fed starts cutting interest rates. Therefore, it is expected that in the short term, gold prices will decrease slightly in the remaining period of the second quarter.
However, over the longer term, geopolitical instability, which has fueled de-dollarization and fragmentation in the global economy, is a key factor in gold's surge to record highs. over 2.450 USD this year. According to industry and government experts at the 30th Annual Conference in Montreal organized by the International Economic Forum of the Americas, this trend is here to stay, which will continue to support the upward trend of precious metal.
The trend of deglobalization was the main topic in many discussions held during the three-day conference. “For me, it's extraordinary to see how we've moved from a how quickly globalization seemed inevitable to one that became increasingly impossible.” Mr. Beatty recounts the rise of economic nationalism, noting that broad international trade agreements are being replaced by narrower ones.
Accordingly, the growing trend of economic nationalism is increasing costs for businesses around the world, contributing to increased inflationary pressure. He also pointed out that the expansion of BRICS (Brazil, Russia, India, China and South Africa) is a sign that a new multipolar world has been established.
