Gold price today, July 26: Loss of 10 million VND/tael after a week

SJC gold bar price

Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold price at 137.5-141.5 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

Compared to the closing session of last week (July 19), the price of SJC gold bars at Saigon SJC Jewelry Company decreased by 7 million VND/tael on the buying side and decreased by 6 million VND/tael on the selling side.

Meanwhile, DOJI listed SJC gold price at 137.5-141.5 million VND/tael (buying - selling). The buying - selling difference is at 4 million VND/tael.

Compared to the closing session of last week (July 19), SJC gold bar price at DOJI decreased by 7 million VND/tael on the buying side and decreased by 6 million VND/tael on the selling side.

If buying SJC gold bars in the session on July 19 and selling them in today's session (July 26), buyers at Saigon Jewelry Company SJC and DOJI will both lose 10 million VND/tael.

9999 gold ring price

At the same time, DOJI Group listed the price of gold rings at the threshold of 138.5-142.5 million VND/tael (buying - selling), down 4.8 million VND/tael in both buying and selling directions. The buying - selling difference is at 4 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 137.5-141.5 million VND/tael (buying - selling), down 5.5 million VND/tael on the buying side and down 5 million VND/tael on the selling side. The buying - selling difference is at 4 million VND/tael.

If buying gold rings in the session on July 19 and selling them in today's session (July 26), buyers at DOJI will lose 8.8 million VND/tael, while buyers at Phu Quy will lose 9 million VND/tael.

World gold price

Closing the weekly trading session, world gold prices were listed at 4,051.7 USD/ounce, down 34.4 USD compared to a week ago.

Gold price forecast

The outlook for gold prices next week is assessed to be volatile as the market enters a sensitive phase with the interest rate decision of the US Federal Reserve (Fed).

Although gold continues to protect the important support zone of 4,000 USD/ounce, factors such as a strong USD, increased real yields and a positive US labor market are putting significant pressure on the precious metal.

The latest survey by a precious metals website with 18 Wall Street experts shows that cautious sentiment is prevailing. Only 4 people, equivalent to 22%, predict gold prices will increase next week. 7 experts, accounting for 39%, believe prices will decrease; the remaining 7 predict the market will continue to move sideways. This result reflects concerns that gold is unlikely to form a clear upward trend as the outlook for US monetary policy is still uncertain.

Meanwhile, individual investors appeared more optimistic. Among 249 people participating in the online survey, 147 people, equivalent to 59%, expected gold prices to increase. 48 people predicted prices would decrease and 54 people thought gold would continue to accumulate. The difference between the two groups shows that the 4,000 USD/ounce mark is playing an important role in market sentiment.

In the short term, the diễn biến of the USD and US bond yields may decide the direction of gold. The recovery of the greenback makes gold more expensive for buyers using other currencies. Meanwhile, the increase in 10-year real-term yields makes the opportunity cost of holding non-genuine assets like gold higher.

Cash flow focused on technology and artificial intelligence stocks also somewhat reduces the attractiveness of precious metals. Investors are prioritizing assets that can generate profits and cash flow, while gold is mainly held for the purpose of preserving value.

However, the long-term outlook for gold has not completely weakened. Public debt, budget deficit, the risk of currency devaluation and geopolitical instability are still factors supporting safe-haven demand. Therefore, gold prices next week may continue to fluctuate around the 4,000 USD/ounce range, while strongly reacting to the Fed's message and the US economic data released.