Gold price today in the world:In the morning session of May 31 (Vietnam time), according to Kitto, spot gold price increased 0.04% to 1,904.2 USD/ounce. Gold price for June delivery traded at 1,907.2 USD/ounce, up 0.1% compared to the last session of the week.
It can be seen that gold prices rose at the beginning of the week thanks to data showing that US inflation increased last week. However, the gold price is still limited by the USD price rebounding. A strong greenback makes gold more expensive for buyers in other currencies.
According to experts, gold is often seen as a hedge against inflation, caused by large-scale economic stimulus programs.
Many experts have forecast that gold can continue to rise to return to the record $ 2,000 / ounce, maybe even higher.
Besides, the money flows away from cryptocurrencies, investors are still looking for haven assets to avoid inflation, so gold will be the best choice.
Domestic gold price today: At the opening session, SJC gold price in Ho Chi Minh City market was listed at 56.39-56.87 million dong/tael while Doji gold price in Hanoi market traded at 56.35-56.68 million dong/tael. VND/amount in both buying and selling directions.
Bao Tin Minh Chau’s Dragon Thang Long gold price is listed at a high level of 53.39-53.99 million dong/tael (buy in – sell out). Gold price of 9999 NPQ brand is also at a high level of 53.00-53.70 million VND/tael in both buying and selling directions…