Gold price update at the close of the session on July 28: Reduced by up to 2 million VND/tael

SJC gold bar price

As of 5:30 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 137.5-141.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.

SJC gold bar price was listed by DOJI at the threshold of 137.5-141.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 138.1-142 million VND/tael (buying - selling), down 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.

9999 gold ring price

As of 5:30 PM, Phu Quy Gold and Gems Group listed the price of gold rings at 137.5-141.5 million VND/tael (buying - selling), down 1.5 million VND/tael in both directions. The buying - selling difference is at 4 million VND/tael.

DOJI listed gold ring prices at the threshold of 138.5-142.5 million VND/tael (buying - selling), down 1.7 million VND/tael in both directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 138.1-142 million VND/tael (buying - selling), down 2 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.9 million VND/tael.

World gold price

At 5:30 PM, world gold prices were listed around the threshold of 4,016.9 USD/ounce, down sharply by 83.5 USD/ounce.

Gold price forecast

World gold prices are under adjustment pressure in the July 28 session as the USD strengthens and investors are cautious before the monetary policy decision of the US Federal Reserve (Fed).

After the increase in the previous session, the precious metal quickly reversed when the market focused on the Fed meeting to look for signals about the direction of interest rates in the near future. The USD is currently maintaining its highest level for about a month, making gold less attractive to investors holding other currencies.

The Fed's interest rate diễn biến continues to be an important factor dominating the trend of gold prices. In an environment of high interest rates, gold is often under pressure because it is an asset that does not generate cash flow. Conversely, signals about the possibility of monetary policy easing may create motivation to support the precious metal.

Recently, world gold prices have mainly fluctuated around the 4,000 USD/ounce range. Buying power appearing every time prices fall deeply has helped the precious metal maintain above this important psychological support threshold. However, the market is still in a state of stalemate as investors consider between supporting factors and short-term risks.

Besides the USD and monetary policy, energy price movements are also being closely monitored. Oil prices continued to weaken in the July 28 session, contributing to reducing inflationary pressure and possibly affecting expectations about interest rate policy in the near future.

Market data shows that investors are placing high expectations on new signals from the Fed. Any change in interest rate management views could create strong fluctuations in gold prices in the short term.

In the current context, gold prices may continue to fluctuate around the 4,000 USD/ounce range before a clearer trend appears. If the USD continues to maintain its strength, gold is at risk of further adjustment pressure. Conversely, positive signals related to monetary policy may support gold price recovery.

The domestic market is forecast to continue to closely follow the developments of world gold prices, while the buying - selling difference is still a factor investors need to pay attention to when participating in transactions.