Updated SJC gold price
As of 9:11 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company at VND 118.7/20.7 million/tael (buy in - sell out), an increase of VND 400,000/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
DOJI Group listed the price of SJC gold bars at 118.7/20.7 million VND/tael (buy - sell), up 400,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 118.7-120.7 million VND/tael (buy in - sell out), an increase of 400,000 VND/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at 118.1-120.7 million VND/tael (buy in - sell out), an increase of 400,000 VND/tael in both directions. The difference between buying and selling prices is at 2.6 million VND/tael.
9999 round gold ring price
As of 9:11 a.m., DOJI Group listed the price of gold rings at 115.4-117.4 million VND/tael (buy in - sell out), an increase of 400,000 VND/tael. The difference between buying and selling is at 2 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 115.5-118.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 114.1-117.1 million VND/tael (buy in - sell out), an increase of 500,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.
The buying-selling gap is pushed up too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.
World gold price
At 9:13, the world gold price was listed around 3,329.2 USD/ounce, up to 10.8 USD/ounce compared to 1 day ago.
Gold price forecast
Gold is under pressure to adjust as the US labor market continues to send positive signals. The JOLTS report showed that the number of new jobs in May increased to 7.77 million, far exceeding the forecast and highest since January, reflecting strong recruitment demand.
In addition, the June manufacturing PMI rose to 49 points, higher than expected, showing the slow pace of production decline thanks to improved inventories and output, although still below the threshold of 50.
These figures reduce expectations that the US Federal Reserve (FED) will soon cut interest rates, thereby curbing the attractiveness of gold as the opportunity cost of holding precious metals increases.
Although gold prices adjusted from the peak, they still remained above the 3,300 USD/ounce mark due to the weakening of the USD index. Lower US Treasury yields create more favorable conditions for gold if the FED considers cutting interest rates.
"The safe haven value of precious metals is being strengthened amid concerns about the US fiscal situation. At the same time, uncertainty surrounding tariff policies has also increased, as the Trump administration has left all options open before the July deadline, said Ricardo Evangelista, senior analyst at ActivTrades brokerage.
Regarding trade, the US President expressed dissatisfaction with the negotiation process between the US and Japan. Meanwhile, Finance Minister Scott Bessent warned that partners could face significantly higher tariffs if they do not reach an agreement before the deadline of July 9.
Asian and European stocks fluctuated in opposite directions overnight. US stock indexes are expected to open down today in New York, due to profit-taking after Nasdaq and the S&P 500 both set new records in the second session.
In overnight news, the consumer price index (CPI) of the Eurozone in June increased by 2.0% compared to the same period last year, in line with market forecasts and higher than the 1.9% increase in May.
Traders are starting to pay attention to the US Department of Labor's June employment report, due out on Thursday (a day earlier due to the US National Day holiday on July 4). The non-farm payrolls figure is forecast to increase by 110,000, down from the 139,000 increase in the May report.
Investors still believe that the FED may cut interest rates after the summer, which will continue to support the upward trend of gold prices in the medium term.
Note: Gold price data is compared to a day earlier.
See more news related to gold prices HERE...
