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Gold price forecast for tomorrow, July 8, 2025, has a new price range due to President Trump's new statement

Gold price on July 8, 2025 may change significantly due to Trump's new tax announcement, pushing up safe-haven demand. Forecast range from 3,310-3,320 USD/ounce.

Báo Đà NẵngBáo Đà Nẵng07/07/2025

Gold price forecast for tomorrow 8 7 2025 has a new price zone due to President Trump's new statement
Gold price forecast for tomorrow, July 8, 2025, has a new price range due to President Trump's new statement

Update the latest gold price details today, July 6, 2025 in the domestic market

At the time of survey at 3:00 p.m. on July 7, 2025, domestic gold prices recorded a simultaneous downward trend at most major brands, marking a day of strong market fluctuations. Specifically:

SJC gold price is listed at 118.5 million VND/tael (buy) and 120.5 million VND/tael (sell), down 400 thousand VND/tael in both directions compared to yesterday. DOJI Group also recorded a similar decrease, with SJC gold bar price ranging from 118.5 million VND/tael to 120.5 million VND/tael.

SJC gold price in Ho Chi Minh City continued to decrease sharply, with the listed price of 118.5 million VND/tael (buy) and 120.5 million VND/tael (sell), down 400 thousand VND/tael in both directions. PNJ also recorded a notable decrease, the buying price reached 114.2 million VND/tael, down 600 thousand VND/tael, while the selling price reached 116 million VND/tael, down 500 thousand VND/tael.

At Mi Hong, the price of SJC gold here decreased slightly, with a decrease of 200 thousand VND/tael for buying (119.3 million VND/tael) and 200 thousand VND/tael for selling (120.5 million VND/tael).

Bao Tin Minh Chau Company, gold price decreased by 400 thousand VND/tael, bringing the buying and selling prices down to 118.5 million VND/tael and 120.5 million VND/tael respectively.

In Phu Quy, the price of SJC gold here also decreased sharply, with a decrease of 400 thousand VND/tael in both directions, listed at 117.8 million VND/tael (buy) and 120.5 million VND/tael (sell).

As of 3:00 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 115.0-117.0 million VND/tael (buy - sell); down 500,000 VND/tael in both buying and selling directions compared to early this morning.

Bao Tin Minh Chau listed the price of gold rings at 115.7-118.7 million VND/tael (buy - sell); There is currently no change at 10:00 a.m. on July 7, 2025.

The downward trend in gold prices today, July 7, 2025, shows a strong adjustment in the domestic market, reflecting fluctuations from global economic and financial factors. This could be an opportunity for investors to consider buying strategies when gold prices are low.

The latest gold price update table today, July 7, 2025 is as follows:

Gold price today
BuySell
SJC in Hanoi 118.5 ▼400K 120.5 ▼400K
DOJI Group 118.5 ▼400K 120.5 ▼400K
Red Eyelashes 119.3 ▼200K 120.5 ▼200K
PNJ 114.2 ▼600K 116.0 ▼500K
Vietinbank Gold 120.5 ▼400K
Bao Tin Minh Chau 118.5 ▼400K 120.5 ▼400K
Phu Quy 117.8 ▼400K 120.5 ▼400K
1. DOJI - Updated: 7/7/2025 18:00 - Source website time - ▼/▲ Compared to yesterday.
Type Buy Sell
AVPL/SJC HN 118,500
▼400K
120,500
▼400K
AVPL/SJC HCM 118,500
▼400K
120,500
▼400K
AVPL/SJC DN 118,500
▼400K
120,500
▼400K
Raw material 9999 - HN 107,800
▼500K
112,000
▼500K
Raw material 999 - HN 107,700
▼500K
111,900
▼500K
2. PNJ - Updated: 07/07/2025 18:00 - Time of the supply website - ▼ Compared to yesterday.
Type Buy Sell
HCMC - PNJ 114,200 ▼600K 116,900 ▼500K
HCMC - SJC 118,500 ▼400K 120,500 ▼400K
Hanoi - PNJ 114,200 ▼600K 116,900 ▼500K
Hanoi - SJC 118,500 ▼400K 120,500 ▼400K
Da Nang - PNJ 114,200 ▼600K 116,900 ▼500K
Da Nang - SJC 118,500 ▼400K 120,500 ▼400K
Western Region - PNJ 114,200 ▼600K 116,900 ▼500K
Western Region - SJC 118,500 ▼400K 120,500 ▼400K
Jewelry gold price - PNJ 114,200 ▼600K 116,900 ▼500K
Jewelry gold price - SJC 118,500 ▼400K 120,500 ▼400K
Jewelry gold price - Southeast PNJ 114,200 ▼600K
Jewelry gold price - SJC 118,500 ▼400K 120,500 ▼400K
Jewelry gold price - Jewelry gold price PNJ 999.9 Plain Ring 114,200 ▼600K
Jewelry gold price - Kim Bao Gold 999.9 114,200 ▼600K 116,900 ▼500K
Jewelry gold price - Phuc Loc Tai Gold 999.9 114,200 ▼600K 116,900 ▼500K
Jewelry gold price - Jewelry gold 999.9 113,400 ▼700K 115,900 ▼700K
Jewelry gold price - Jewelry gold 999 113,280 ▼700K 115,780 ▼700K
Jewelry gold price - Jewelry gold 9920 112,570 ▼700K 115,070 ▼700K
Jewelry gold price - Jewelry gold 99 112,340 ▼690K 114,840 ▼690K
Jewelry gold price - 750 gold (18K) 79,580 ▼520K 87,080 ▼520K
Jewelry gold price - 585 gold (14K) 60,450 ▼410K 67,950 ▼410K
Jewelry gold price - 416 gold (10K) 40,860 ▼300K 48,360 ▼300K
Jewelry gold price - 916 gold (22K) 103,760 ▼650K 106,260 ▼650K
Jewelry gold price - 610 gold (14.6K) 63,350 ▼430K 70,850 ▼430K
Jewelry gold price - 650 gold (15.6K) 67,990 ▼450K 75,490 ▼450K
Jewelry gold price - 680 gold (16.3K) 71,460 ▼480K 78,960 ▼480K
Jewelry gold price - 375 gold (9K) 36,110 ▼270K 43,610 ▼270K
Jewelry gold price - 333 gold (8K) 30,900 ▼230K 38,400 ▼230K
3. SJC - Updated: 7/7/2025 18:00 - Source website time - ▼/▲ Compared to yesterday.
SJC Gold 1L, 10L, 1KG 118,500
▼400K
120,500
▼400K
SJC gold 5 chi 118,500
▼400K
120,520
▼400K
SJC gold 0.5 chi, 1 chi, 2 chi 118,500
▼400K
120,530
▼400K
SJC 99.99% gold ring 1 chi, 2 chi, 5 chi 113,900
▼400K
116,400
▼400K
SJC 99.99% gold ring 0.5 chi, 0.3 chi 113,900
▼400K
116,500
▼400K
Jewelry 99.99% 113,900
▼400K
115,800
▼400K
Jewelry 99% 110,153
▼396K
114,653
▼396K
Jewelry 68% 72,001
▼272K
78,901
▼272K
Jewelry 41.7% 41,543
▼166K
48,443
▼166K

Update gold price today July 7, 2025 latest on the world market

World gold price, at 5:20 p.m. on July 7, 2025 (Vietnam time), the world spot gold price was at 3,308.49 USD/ounce. Today's gold price decreased by 25.51 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,320 VND/USD), the world gold price is about 109.3 million VND/tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (118.5-120.5 million VND/tael), the current SJC gold price is about 11.2 million higher than the international gold price.

The price of gold today, July 7, 2025, on the world market decreased slightly, down to 3,309.09 USD/ounce, equivalent to a decrease of about 0.8% compared to the previous one. The main reason is that the US dollar is increasing in value, making gold more expensive for people using other currencies. When the dollar is stronger, many people tend to buy less gold because of higher costs, leading to a decrease in gold prices.

Another reason for the decline in gold prices today, July 7, 2025, is that the US economy is showing signs of improvement. Recent data shows that the US job market grew strongly in June, exceeding expectations. As the economy stabilizes, investors are less likely to expect the US Federal Reserve (FED) to cut interest rates soon. High interest rates often reduce the appeal of gold, because gold does not yield interest like other investments such as bonds.

In addition, trade policies are also affecting gold prices. US President Donald Trump has announced that he will impose higher tariffs on many countries, with a deadline of July 9, 2025. If a trade agreement is not reached, the new tariffs will take effect on August 1. This could slow down trade activities, causing difficulties for the global economy. In this context, gold is often considered a safe haven, but for now, the market is still waiting for more clarity.

The minutes of the latest Fed meeting will be released later this week, which could provide further clues as to how interest rates will change. If the Fed continues to keep interest rates high, gold prices could face further downward pressure. However, if the global trade situation worsens, demand for gold could increase again, helping gold prices recover. Currently, gold prices today, July 7, 2025 are in a wait-and-see mode, depending on upcoming economic and trade developments.

Gold price forecast tomorrow 7/8/2025:

The price of gold on July 8, 2025 is expected to continue to be influenced by many economic and political factors. Currently, the US dollar is maintaining a low level, which creates favorable conditions for gold prices to maintain their position, despite the strong recovery of the stock market. This is a clear demonstration of the inverse correlation between gold and the greenback - an important factor that helps the precious metal maintain its value during volatile periods.

According to economic experts, the US Federal Reserve (Fed) may cut interest rates three times in 2025. If this scenario occurs, the USD will likely weaken further, thereby creating momentum for gold prices to continue to grow. However, in the short term, gold may undergo a correction, falling back to the support zone of 3,250-3,275 USD/ounce before establishing a new price level.

In addition to economic developments, political tensions in the Middle East and monetary policy decisions from the Fed will also play an important role in shaping gold price trends. These fluctuations increase the demand for safe havens, thereby supporting gold prices in the long term.

Domestic gold prices, especially SJC gold, often fluctuate according to world market trends. Therefore, in the trading session on July 8, 2025, domestic gold prices may decrease slightly before stabilizing again.

With the impact of the weak USD, US monetary policy and geopolitical factors, the gold price on July 8, 2025 promises to have remarkable fluctuations. Investors need to closely monitor these developments to make appropriate decisions.

Source: https://baodanang.vn/du-bao-gia-vang-ngay-mai-8-7-2025-co-them-vung-gia-moi-boi-tuyen-bo-moi-cua-tong-thong-trump-3265178.html


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