Editor’s Note
This article provides a forecast for gold prices on June 10, 2025, noting that investor focus on platinum’s four-year high may influence the market.
The gold price forecast for tomorrow, June 10, 2025, is expected to be influenced by platinum prices hitting a 4-year high, attracting investor attention.
As of 6:00 PM on June 9, 2025, domestic gold prices showed a strong upward trend, attracting investor interest. Specifically:
In Hanoi, SJC gold bar prices were 115.7 million VND per tael for buying and 117.7 million VND for selling, up 800,000 VND and 500,000 VND respectively compared to the previous day.
Doji Group also quoted SJC gold prices at 115.7 million VND per tael for buying and 117.7 million VND for selling, showing stable increases in both buying and selling prices.
Mi Hong Company recorded SJC gold bar prices at 116.7 million VND per tael for buying and 117.7 million VND for selling, with the buying price rising sharply by 1.2 million VND and the selling price by 700,000 VND per tael.
At PNJ, gold prices as of June 9, 2025, showed an upward trend, with buying prices at 111.5 million VND and selling prices at 114.0 million VND per tael, up 500,000 VND and 400,000 VND respectively.
PNJ’s price for 9999 fine gold jewelry is currently 111.5 million VND per tael for buying and 114.0 million VND for selling, with a 500,000 VND increase in both directions.
As of 5:15 PM (Vietnam time) on June 9, 2025, the spot gold price recorded by Kitco was $3,319.21 per ounce. Applying the free market exchange rate (26,220 VND/USD), the world gold price equates to approximately 105.02 million VND per tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (115.7 – 117.7 million VND per tael), the current SJC gold price is about 12.68 million VND higher than the international gold price.
On June 9, 2025, gold prices rose slightly, supported by a weaker US dollar ahead of US-China trade negotiations aimed at easing heightened trade tensions between the two superpowers. After falling to $3,293.29 the previous day, its lowest since June 2, spot gold rose 0.4% to $3,323.71 per ounce.
US gold futures held steady at $3,344.70. A weaker US dollar, down 0.3% against major currencies, made gold cheaper for holders of other currencies. Investors expected key factors affecting gold prices—trade tensions, public debt concerns, and slowing economic growth—to persist and support gold prices in the coming months.
Senior US and Chinese officials are scheduled to meet in London today to discuss ways to ease escalating trade disputes between the two countries. In recent weeks, the conflict has expanded to include not only retaliatory tariffs but also export controls on goods and components essential to global supply chains.
Following better-than-expected US non-farm payroll data, investors have scaled back their expectations for Fed rate cuts this year from two to one. Market attention is now focused on the US Consumer Price Index (CPI) data to be released next Wednesday for further clues on the Fed’s monetary policy direction.
Gold, considered a safe-haven asset during times of political and economic instability, tends to perform well in a low-interest-rate environment. Meanwhile, China’s central bank increased its gold reserves in May, marking the seventh consecutive month of growth.
Platinum prices also rose 3% to $1,210.80 per ounce, hitting their highest level since May 2021. The rise in platinum prices was driven by expectations of supply shortages, improved industrial sentiment, and the continued upward trend in other precious metal prices. Silver prices rose 1% to $36.30 per ounce, while palladium prices rose 2.3% to $1,070.97 per ounce.
In summary, as of June 9, 2025, gold prices in the world market are on an upward trend, thanks to persistent economic and political factors.
The gold price forecast for June 10, 2025 (tomorrow) has been influenced by platinum prices hitting a 4-year high. Today’s slight rise in gold prices is mainly due to cautious investor sentiment awaiting the outcome of US-China trade negotiations. The talks in London will involve three senior advisors from the US administration and a Chinese delegation. Many expect the meeting to help ease tensions between the world’s two largest economies, positively impacting the gold market.
However, due to a lack of clear information on the negotiation outcome, many short-term investors are cautious and hesitant to make significant investments in gold. Kelvin Wong, an expert at OANDA, analyzed that while the US may not completely eliminate tariffs, these discussions could help alleviate pressure on the global economy. However, factors such as high business costs and the US fiscal deficit remain risks that could lead to rising inflation.
Meanwhile, China has continued its gold purchases for the seventh consecutive month, further strengthening the upward trend in gold prices. Prices of other metals like silver and platinum showed slight fluctuations, while palladium prices dipped slightly.
Considering these factors, domestic gold prices, particularly SJC gold prices, are likely to experience significant volatility during the morning trading session on June 10, 2025. Consumers and investors should closely monitor the situation to make informed decisions in a volatile gold market environment.
