Gold price today in the world: In the morning session of June 16, the price of gold today traded at $1,860 per ounce, down another $6 per ounce compared to the previous session.
It can be seen that the gold price continues to decline strongly today when the market has received a lot of information about the US economic data recently facing high inflation pressure.
According to the analysis of some experts, high inflation will negatively affect the gold price today. The reason is that when inflation increases, the US Federal Reserve (Fed) must tighten monetary policy, reducing the supply of 120 billion USD per month to support businesses to overcome the epidemic.
Therefore, the market is worried that the USD will appreciate strongly, the gold price will be “disgraced”. Since then, many investors have thought that holding gold can be risky. In particular, many people sold off gold, causing the gold price to fall miserably today.
Market transactions showed that at the beginning of June 15, the world gold price fluctuated around $1,865 – $1,870 per ounce for several hours in a row, but fearing that the Fed would change monetary policy, many people withdrew their capital from the market. gold field.
Domestic gold price today: Opening the morning session of June 16, the price of SJC gold listed by DOJI group across the country in two directions was VND 56.6 – 57.15 million/tael, keeping the price unchanged compared to the previous session.
Saigon Jewelry Company – SJC also traded gold price today at the threshold of 56.6 – 57.2 million VND/tael, unchanged compared to the previous session.
SJC gold price today on PNJ was also listed at 56.5 – 57.1 million dong/tael, unchanged from the previous session.