Gold price update at the close of the session on July 9th: Reverse and increase

SJC gold bar price

As of 5:45 PM, Phu Quy Jewelry Group listed SJC gold bar prices at 145.3-149 million VND/tael (buying - selling), an increase of 300,000 VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.7 million VND/tael.

SJC gold bar prices were listed by DOJI at the threshold of 146-149 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 144.6-148.6 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.

9999 gold ring price

As of 5:45 PM, Phu Quy Gold and Gems Group listed the price of gold rings at 145-148.5 million VND/tael (buying - selling), keeping the buying direction unchanged and increasing by 500,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.5 million VND/tael.

DOJI listed gold ring prices at the threshold of 144.5-148.5 million VND/tael (buying - selling), down 1 million VND/tael on the buying side and keeping the selling side unchanged. 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 the threshold of 144.6-48.6 million VND/tael (buying - selling), an increase of 300,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 4 million VND/tael.

World gold price

At 5:45 PM, world gold prices were listed around the threshold of 4,102.1 USD/ounce, up 52.2 USD compared to the previous day.

Gold price forecast

Gold prices are recording a recovery after at one point retreating close to the 4,000 USD/ounce zone. However, analysts believe that the current upward momentum still faces many resistance forces, especially from the US interest rate outlook, the diễn biến of the USD and bond yields.

HSBC has just lowered its 2026 average gold price forecast from $4,864 to $4,560/ounce, and adjusted its 2027 forecast from $5,000 to $4,925/ounce. The bank believes that in the remainder of 2026, gold prices may fluctuate in the $3,800-$4,700/ounce range and end the year around $4,750/ounce.

According to HSBC's assessment, changes in expectations for US monetary policy and the strengthening trend of the USD are important reasons why gold has been under selling pressure in recent times. In addition, gold buying activities by central banks have slowed down after a period of playing an important role in the long-term price increase.

However, the outlook for gold is not entirely negative. HSBC believes that most of the market has somewhat adapted to a high interest rate environment and a stronger USD. Factors that once supported gold prices such as concerns about budget deficits, public debt burdens and the instability of the world economy have not disappeared.

Investment capital flows also show a mixed picture. According to the World Gold Council (WGC), global gold ETFs were net withdrawn 8.9 billion USD in June. However, in the first 6 months of 2026, this group of funds still attracted about 8 billion USD of net capital, while gold holdings increased by 18 tons, to 4,047 tons.

In the short term, the gold market is likely to continue to fluctuate strongly. Rising oil prices due to geopolitical tensions may increase safe-haven demand, but at the same time also promote inflation concerns, causing expectations that the Fed will maintain high interest rates longer and support the USD.

Therefore, the current recovery momentum of gold prices still needs more confirmation signals. The ability to maintain the 4,000 USD/ounce zone and surpass the resistance zones above will be an important factor determining whether the recovery momentum can be maintained or is just a technical increase after a period of strong correction.