Editor’s Note
This article provides a forecast for gold prices on June 24, 2025, highlighting potential volatility driven by geopolitical tensions and monetary policy. Readers should be aware that market predictions are inherently uncertain and subject to change based on real-time developments.
Gold prices on June 24, 2025, may experience sharp fluctuations due to Middle East tensions and Federal Reserve policy, with SJC gold prices expected to decline in line with global trends.
As of June 23, 2025, the domestic gold market showed a sideways trend for most major brands. Buying and selling prices formed a relatively stable market situation with little change from the previous trading day. Specifically:
In Hanoi, SJC gold bar prices are set at 117.7 million VND per tael for buying and 119.7 million VND per tael for selling.
Similarly, DOJI Group also traded without price changes at 117.7 million VND/tael for buying and 119.7 million VND/tael for selling.
Meanwhile, Mi Hong Jewelry Company’s buying price was 119.0 million VND per tael, higher than other brands, but its selling price remained unchanged at 119.7 million VND per tael.
PNJ maintained its buying price at 113.7 million VND per tael and selling price at 116.5 million VND per tael. This is significantly lower than major brands like SJC or DOJI, suitable for the gold jewelry market.
Brands such as Vietinbank Gold, Bao Tin Minh Chau, and Phu Quy also had no price changes, with buying and selling prices recorded at 117.7 million VND and 119.7 million VND per tael, respectively.
The sideways trend in today’s gold market indicates a stable phase with no major fluctuations. This could be a signal that investors are waiting for new developments in the international market before making trading decisions.
As of 5:20 PM (Vietnam time) on June 23, 2025, the spot gold price was $3,364.29 per ounce. Today’s price decreased by $2.69 per ounce compared to yesterday. Applying Vietcombank’s USD exchange rate (26,279 VND/USD), the world gold price is approximately 110.9 million VND per ounce (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (117.7 – 119.7 million VND per ounce), the current SJC gold price is about 8.8 million VND higher than the international gold price.
On June 23, 2025, world gold prices fell slightly to $3,359.99 per ounce. This is a decrease of about 0.2% compared to the previous day. The main reason for this decline is the stable value of the US dollar.
A strong dollar generally increases the cost of buying gold for those using other currencies. This reduces demand for gold, becoming a factor that pushes gold prices down. However, the small decline shows that interest in gold remains high.
The current gold market is affected by global instability. In particular, the conflict between Iran and the US following the attack on Iranian nuclear facilities has raised concerns among investors. During such times, gold is often chosen as a ‘safe-haven asset’.
Additionally, rising energy prices are also impacting gold prices.
High oil or energy prices can fuel inflation. If inflation rises, the Federal Reserve (Fed) is less likely to cut interest rates in the short term. Consequently, the dollar’s value increases, leading to a decline in gold prices.
Regarding interest rates, the Fed has decided to keep rates at current levels. It is also expected to slow the pace of rate cuts, considering the difficulties facing the US economy. Investors expect interest rates to fall by about 0.5 percentage points by the end of the year.
Generally, low interest rates are favorable for gold. Since gold does not pay interest like bank deposits, lower rates increase gold’s attractiveness. This could fuel future gold price increases.
In summary, as of June 23, 2025, gold prices have fallen slightly but remain at stable levels. Due to global instability and the possibility of interest rate cuts, gold is considered a safe-haven asset. To understand gold price trends, one must monitor Fed-related news and changes in the international situation.
Gold prices on June 24, 2025, are expected to show significant volatility. Recently, gold prices in the world market have fallen slightly due to geopolitical tensions in the Middle East. In particular, the US airstrike on Iranian nuclear facilities has caused many investors to shift funds from gold, a traditional safe-haven asset, to the US dollar. This has caused the DXY index to rise, reducing gold’s attractiveness.
As Iran declares self-defense and Israel continues retaliatory airstrikes, the Middle East situation is becoming increasingly tense. While no large-scale selling wave has appeared in the market yet, the overall investor sentiment remains cautious. This situation could impact gold prices in the near future.
Looking at the precious metals market, not only gold but also other metals like silver, platinum, and palladium are showing slight upward trends. Technically, gold is testing the support level around $3,348 per ounce. Failure to maintain this level could lead to further declines. Opinions among experts are divided. Some argue the correction was excessive and gold prices will rebound, while others predict gold prices will continue to fall if no new support level is found.
Besides geopolitical factors, the Federal Reserve’s tightening policy and the possibility of no interest rate cuts in 2025 are putting significant pressure on gold prices. Therefore, investors must closely monitor future geopolitical changes, US economic indicators, and the responses of central banks worldwide.
Domestic gold prices generally fluctuate according to world market trends. Therefore, SJC gold prices are expected to decline in the morning trading session on June 24, 2025.
