Gold price today July 5th: Losses despite price breakthrough

SJC gold bar price

Closing the week's trading session, Saigon SJC Jewelry Company listed SJC gold price at 148.4-151.4 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.

Compared to the closing session of last week's trading (June 28), the price of SJC gold bars at Saigon SJC Jewelry Company increased by 2.9 million VND/tael in both buying and selling directions.

Meanwhile, DOJI listed SJC gold price at the threshold of 148.4-151.4 million VND/tael (buying - selling). The buying - selling difference is at 3 million VND/tael.

Compared to the closing session of last week (June 28), the price of SJC gold bars at DOJI increased by 2.9 million VND/tael in both buying and selling directions.

If buying SJC gold bars in the June 28th session and selling them in today's session (July 5th), buyers at Saigon Jewelry Company SJC and DOJI will both lose 100,000 VND/tael.

9999 gold ring price

At the same time, DOJI Group listed the price of gold rings at the threshold of 148.4-151.4 million VND/tael (buying - selling), an increase of 2.9 million VND/tael in both directions. The buying - selling difference is at 3 million VND/tael.

Phu Quy Jewelry Group listed the price of gold rings at 148-151 million VND/tael (buying - selling), an increase of 3 million VND/tael in both buying and selling directions. The buying - selling difference is at 3 million VND/tael.

If buying gold rings in the June 28 session and selling them in today's session (July 5), buyers at DOJI will lose 100,000 VND/tael, while buyers at Phu Quy will break even.

World gold price

Closing the weekly trading session, world gold prices were listed at 4,174.1 USD/ounce, up 85.5 USD compared to a week ago.

Gold price forecast

Market sentiment is becoming more positive after ending a four-week consecutive decline. The latest survey results show that among 16 analysts, 11 people, equivalent to 69%, predict gold prices will continue to increase next week. Only 13% believe that prices will decrease, while 19% lean towards a sideways scenario.

The psychology of individual investors has also improved. Among 183 people participating in the online survey, 54% expect gold prices to increase, 25% forecast to decrease and 21% believe that the market will enter an accumulation phase.

Although the short-term outlook has become more positive, gold prices still face some resistance forces, notably high US bond yields, strong USD and the risk of the Fed maintaining a tough monetary policy. However, long-term factors continue to create a supporting foundation for the precious metal.

According to the strategy team of State Street Global Advisors, the gold price increase cycle still has room. This organization offers a base scenario with a probability of 70%, in which gold prices may increase to the 4,750-5,500 USD/ounce range in the next 6-9 months. In a less positive scenario, gold may fluctuate in the 4,000-4,750 USD/ounce range, while the 3,750-4,000 USD/ounce range is considered a strong support area.

Factors that are assessed as potentially continuing to support gold prices include portfolio diversification demand, increased global debt burden, and central bank gold purchases. Notably, official gold demand increased sharply in May when central banks net bought 41 tons, the second highest level since the beginning of the year.

Poland was the largest buyer in the month with 18 tons, followed by China with 10 tons. Uzbekistan and Kazakhstan also continued to add gold to reserves.

A survey of central bank gold reserves in 2026 shows that 89% of respondents expect global official gold reserves to continue to increase in the next 12 months. Notably, a record rate of 45% said that their own central bank plans to increase its gold holdings.

These data show that, although gold prices may continue to fluctuate strongly in the face of the diễn biến of the USD, bond yields and Fed policy expectations, long-term gold buying demand from the official sector is still one of the important supports for the market.