Gold price today 7/1/2025: Slight increase in both directions

Gold price today 07/01/2025

At the time of survey at 4:30 a.m. on July 1, 2025, the gold price was listed by some businesses specifically as follows:

The price of SJC gold bars was listed by Saigon Jewelry Company Limited, Bao Tin Minh Chau , DOJI Group and PNJ at 117.5-119.5 million VND/tael (buy - sell), an increase of 300,000 VND/tael in both buying and selling directions compared to yesterday.

Gold price today July 1, 2025. Illustration photo

SJC gold price at Phu Quy is traded by businesses at 116.8-119.5 million VND/tael (buy - sell), gold price increased 300,000 VND/tael in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 118.7-119.5 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 200,000 VND/tael for buying and 300,000 VND/tael for selling.

World gold price today 07/01/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, was at 3,287.21 USD/ounce. Today's gold price is unchanged compared to yesterday. Converted according to the USD exchange rate on the free market (26,425 VND/USD), the world gold price is about 104.7 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 14.8 million VND/tael higher than the international gold price.

Diễn biến giá vàng thế giới trong 24h qua. — World gold price developments in the past 24 hours.

Gold's rally has been supported by a weaker dollar and continued pressure from former US President Donald Trump on the Fed to cut interest rates, said UBS market analyst Giovanni Staunovo. The US dollar index is currently hovering near its lowest level since March 2022, making gold, which is priced in US dollars, more attractive to investors using other currencies.

Next week, Mr Trump will announce that if he returns to power, he will not appoint anyone to be Fed chairman unless they agree to lower interest rates, adding to market expectations that US monetary policy will be looser in the coming period.

However, according to Mr. Fawad Razaqzada - expert at City Index and FOREX.com, the increase of gold is still limited because risk appetite is returning to stock markets, after the tension in the Middle East cooled down and positive signals about trade negotiations.

Global stock markets are near record highs as the US and Canada resume trade talks. Canada announced on Sunday it was scrapping a controversial digital services tax to move negotiations forward, a move seen as a response to pressure from Mr Trump.

On the economic front, markets are awaiting the ADP private sector employment report due out on Wednesday and the non-farm payrolls report. These are important figures that will help assess the health of the US economy and determine whether the Fed has the conditions to continue cutting interest rates in the coming months. According to Mr. Staunovo, the focus will be on whether these data show a slowdown in the economy, because if so, the Fed will have more grounds to act. Gold usually benefits in a low interest rate environment because it is a non-yielding asset.

Meanwhile, other precious metals also recorded positive developments. Spot silver increased 0.2% to $36.04 an ounce. Platinum increased 0.6% to $1,346.71 an ounce, while palladium was almost flat at $1,133.29 an ounce.

Source: https://baohatinh.vn/gia-vang-hom-nay-172025-tang-nhe-ca-2-chieu-post290892.html