The price of SJC gold bars increased by 500,000 VND per tael. Saigon Jewelry Company - SJC bought for 119 million VND and sold for 121 million VND; Mi Hong Company bought for 120 million VND and sold for 121 million VND... Compared to the end of June, the price of SJC gold bars increased by 1.8 million VND/tael. However, compared to the peak price set in April at 124.4 million VND, gold bars are now 3.4 million VND lower. The difference between the buying and selling price of gold has narrowed to 1 - 2 million VND/tael.
Similarly, the price of gold rings also increased by 500,000 VND per tael, SJC Company bought at 114.4 million VND, sold at 116.9 - 117 million VND. Phu Quy Company increased by 200,000 VND per tael, bought at 114.1 million VND, sold at 117.1 million VND...
SJC gold bar price increased to 121 million VND/tael. PHOTO: NGOC THANG
World gold prices fell by 7 USD after a sharp increase in the US trading session (evening of July 7). From 3,298 USD/ounce, world gold prices increased to 3,346 USD/ounce and then decreased to 3,330 USD/ounce. The US market is facing many economic and geopolitical stressors, gold prices have proven their resilience as a safe-haven asset. When the yield on 10-year Treasury bonds a high of 4.3715%, investors are reaching for signs of stability amid growing concerns about trade tensions, financial imbalances and the rising dollar.
The tariff chaos is a double-edged sword. If the tariff war intensifies, gold will rise again, especially as concerns about stagflation and trade wars increase. The move in gold comes from central banks and ETFs. Central banks bought 20 tons of gold, while ETFs sold 19 tons in May.
Geopolitics has a huge impact on gold's fortunes. US President Donald Trump's threats of tariffs, and most recently his proposed 10% increase in imports from BRICS countries, have significantly increased gold's status as a safe haven. Speculation about retaliatory actions by China and others has added to the uncertainty in global markets and created an environment where gold can really shine in times of market turmoil./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-872025-bat-tang-manh-185250708084413588.htm
Source: https://baolongan.vn/gia-vang-hom-nay-08-7-bat-tang-manh-a198323.html
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