Gold prices today on the world market are trending upwards.
The price of gold today fluctuates against the backdrop of the US announcing a Consumer Price Index (CPI) for May 2024 showing a 3.3% increase, unchanged from the previous month.
This indicates inflation in the US is showing signs of slowing down, paving the way for the Federal Reserve (FED) to consider an early interest rate cut.
Last night, June 12, after concluding a 2-day monetary policy meeting, the FED announced maintaining the interest rate at 5.25-5.5% and forecasted a single interest rate cut by late 2024.
In response to this information, the USD depreciated, bond yields fell to 4.2%, indicating increased bond values. This stimulated investors to sell bonds and shift capital into precious metals.
Gold prices today have the momentum to rise.
During overnight trading, gold prices peaked at $2,340 per ounce. However, at this price level, some investors sold off to realize profits.
Gold price today (June 13), at 6:00 AM, stood at $2,322 per ounce, up $7 compared to the previous day’s price of $2,315 per ounce.
Previously in Vietnam, SJC gold bars on June 12 remained unchanged at VND 76.98 million per tael by four commercial banks (Vietcombank, Agribank, BIDV, VietinBank) and SJC Company.
People continue to queue for gold transactions, although purchasing power has slightly decreased compared to previous days.
News
Peak Month Campaign ‘Collective Savings for the Poor’
Implementing the movement “Nationwide Unity for the Poor, Leaving No One Behind”, the Provincial Committee of the Vietnam Fatherland Front (VFF) coordinates with the Social Policy Bank (CSXH) Provincial Branch and socio-political organizations to execute the peak-month plan “Collective Savings…
Vietnam Expands QR Code Payments to Overseas Markets
Vietnam has completed cross-border QR code payment connections with Thailand and Cambodia, and is currently deploying these with Laos, with plans to further expand into countries within and outside the ASEAN region. This morning (May 8), the State Bank of…
Boosting Business Resilience through VAT Reduction
Recently, value-added tax (VAT) has been adjusted downwards three times, positively impacting consumer demand and the economy. In the context where production and business activities continue to face challenges, the Government has proposed further reductions in VAT for the latter…
Vietnam – A Promising Destination for International Investors: Leveraging Free Trade Agreements and Emerging Market Potential
The global economy and trade are facing significant disruptions worldwide. However, domestically, Vietnam, as a member of several free trade agreements, is seeing positive impacts alongside emerging market potentials. These factors ensure continuous dynamism in commercial relations between Vietnam and…
State Bank of Vietnam Calls for Continued Interest Rate Reductions to Stimulate Credit Growth
On May 30, the State Bank of Vietnam (SBV) issued document No. 4462/NHNN-CSTT requesting credit institutions and branches of foreign banks (collectively referred to as CIs) to implement several measures regarding credit and interest rates. Specifically, the SBV instructed CIs…
Exchange of Work in Managing Operations at Lao Cai – Yunnan Border Gates
On the morning of June 8th, at the International Border Gate No. 2 Kim Thanh (Lao Cai), delegations from the Lao Cai Province Border Gate and Yunnan Province Border Gate held a working session to exchange and propose initiatives regarding…
End of content
No more pages to load
