Gold price today July 1st: Continuous fluctuation

SJC gold bar price

As of 9:00 AM, Phu Quy Jewelry Group listed SJC gold bar prices at 143-146.4 million VND/tael (buying - selling), keeping the buying direction unchanged and increasing by 400,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.4 million VND/tael.

At the same time, SJC gold bar prices were listed by DOJI Group at the threshold of 143.4-146.4 million VND/tael (buying - selling), an increase of 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed SJC gold bar prices at 142.5-146 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.

9999 gold ring price

As of 9:00 AM, Phu Quy Gold and Gems Group listed the price of gold rings at 143-146 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

DOJI Group listed gold ring prices at the threshold of 143.4-146.4 million VND/tael (buying - selling), an increase of 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 142.5-146 million VND/tael (buying - selling), unchanged in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.

World gold price

At 8:50 am, world gold prices were listed around the threshold of 3,975.4 USD/ounce.

Gold price forecast

The gold market is sending worrying technical signals as the downward trend is prolonged without any signs of cooling down. Notably, technical analysts have just recorded an indicator considered a "death cross" on the gold price chart.

Accordingly, the 50-day moving average (MA50) has cut below the 200-day moving average (MA200). In the investor community, this is the strongest price decrease signal and is closely monitored.

In the past, when this model appeared after a prolonged price increase to a peak, gold was often under extremely fierce sell-off pressure. For example, in July 2022, after the " death omen" appeared, gold prices plummeted by 8% in just 16 days and fell by 12% before recovering.

Experts believe that the current situation of gold is similar to the negative scenario in 2013, when the downward trend is not a sideways fluctuation but a clear downward trend. With the current context, this " death omen" is not only a signal that gold will continue to fall, but the rate of decline may occur faster.

Notably, in contrast to the negative technical signals in the short term, the long-term picture is completely different. According to the Global Public Investor Report 2026 of the Official Monetary and Financial Institutions Forum (OMFIF), despite gold prices anchored at a high level, central banks (CBs) still have no intention of withdrawing from this precious metal.

Ms. Andrea Correa - Research Director at OMFIF, affirmed: "Gold goes nowhere. Reserve managers at central banks are still very optimistic about gold.

Survey results from 74 central banks with total managed assets of more than 10 trillion USD show that 82% of respondents are currently holding physical gold, a significant increase compared to 71% last year. In particular, 61% of respondents predict that gold prices will reach 5,000 - 6,000 USD/ounce in June 2027.

According to Ms. Correa, in the context of the world facing a series of geopolitical shocks, regional conflicts and a shift to a multipolar monetary system, gold is seen by central banks as the most effective "shield" to protect national assets. Instead of being a tactical investment, gold is being affirmed as a long-term strategic reserve asset.