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Domestic prices for jewelry gold and bullion in Vietnam remained above 151 million VND per tael in the morning of June 19. At the Saigon Jewelry Joint Stock Company (SJC), bullion was quoted at 148.8–151.3 million VND per tael, while ring gold was 148.7–151.2 million VND per tael. At DOJI, bullion was also at 148.8–151.3 million VND per tael, and 9999 plain gold rings were 149.0–151.5 million VND per tael.
Other local listings showed similar ranges. Bao Tin Minh Hai quoted bullion at 148.8–151.3 million VND per tael and plain rings at 148.3–151.3 million VND per tael.
On the international market, gold fell sharply and broke below 4,200 USD per ounce. The yellow metal was at 4,184 USD per ounce, down about 100 USD from yesterday morning.
According to Kitco News, gold declined and silver slumped as the U.S. dollar tested yearly highs and traders adjusted expectations toward signals of higher-for-longer rates from the U.S. Federal Reserve after its policy meeting on Wednesday.
U.S. equities finished higher, helping unwind part of the prior session’s Fed-driven losses. The S&P 500 rose 1.1% to 7,500.58, the Nasdaq Composite gained 1.9% to 26,517.93, and the Dow rose 0.1% to 51,564.70. The Russell 2000 climbed 2.1% to 2,979.77.
The Fed was unanimous in keeping the federal funds target range at 3.50%–3.75%. However, the policy statement and updated projections still imply upside risks for rates. The Fed’s updated projections show a 2026 median federal funds rate of 3.8%, indicating the Open Market Committee is not rushing to cut rates.
Market reactions after the Fed meeting remained dominated by rates and the U.S. dollar. The initial sell-off reflected a hawkish policy path relative to investor expectations. For precious metals, the market position remained fragile: gold failed to hold above 4,300 USD per ounce and then slipped to 4,200 as a stronger dollar tightened financial conditions and pressured non-yielding assets.
The pace of pricing in the front end of the yield curve was described as a clearer driver than growth concerns. As a result, the potential for gold and silver hedging is expected to depend largely on whether the U.S. dollar cools or U.S. Treasury yields turn lower.
Bitcoin (BTC) investors who use steady dollar-cost averaging (DCA) may be underperforming versus strategies that adjust exposure to the market’s cycle, according to new research arguing that Bitcoin’s behavior differs from traditional long-duration assets.
In a report cited by Markus Thielen of 10x Research, Bitcoin’s market…
