Gold price today July 26: World gold price turns down

On the morning of July 26, world gold fell to around 3,338 USD/ounce, while domestic gold rings fell by half a million VND per tael.

World gold price listed on Kitco is at 3,338 USD/ounce, down 31 USD/ounce in the past 24 hours.

Gold prices fell slightly in the final trading session of the week as positive signs from trade negotiations between the US and its partners reduced demand for safe havens. The USD Index rose again, making gold more expensive for buyers with other currencies. At the same time, the yield on 10-year US Treasury bonds recovered, making gold less attractive in the short term, with money tending to leave non-yielding assets such as gold.

Besides, the possibility of the US Federal Reserve (FED) continuing to cut interest rates still exists, and this is supporting gold prices to remain near the threshold of 3,360 USD/ounce.

Domestic gold rings today decreased by half a million VND per tael (Photo: Lao Dong Newspaper)

Meanwhile, new data showed that the number of applications for unemployment benefits in the US unexpectedly fell last week, indicating that the US labor market remains stable, although the slowing pace of hiring has made it harder for unemployed people to find work.

Gold price movements today

+ Domestic gold price

At 6:00 a.m. on July 26, the price of gold bars at Doji and SJC was listed at 129.7 - 121.7 million VND/tael (buy - sell), unchanged from early this morning.

Meanwhile, the price of gold rings is currently listed by Doji at 116.7 - 119.7 million VND/tael (buy - sell), unchanged from the previous trading session.

SJC gold rings are listed at 115 - 117 million VND/tael (buy - sell), down 500,000 VND/tael for sell.

+ International gold price

The world gold price listed on Kitco is at $3,338/ounce, down $31/ounce in the past 24 hours. Gold futures last traded at $3,370/ounce.

Gold Price Forecast

In the mid-year report 2025, the World Gold Council (WGC) continued to assess that gold could increase slightly by 0-5% in the second half of the year; or if the economy weakens, it could rebound by another 10-15% compared to the current range (about 3,300-3,500 USD/ounce).

Some experts predict that gold prices could reach $3,675-3,700/ounce by the end of 2025, even approaching $4,000/ounce by mid-2026 if the Fed's interest rates decrease rapidly and inflation persists.

Kelvin Wong, senior market analyst at OANDA, said the main reason for the decline in gold and silver prices in early trading on Friday was profit-taking by short-term speculators.

The market witnessed this profit-taking move after the market saw optimism about the prospect of reaching a trade deal.

The Fed is expected to keep interest rates unchanged at its July 29-30 meeting. Gold prices are always sensitive to US interest rate adjustments. When US interest rates fall, the USD usually weakens. A weaker USD makes gold cheaper for investors holding other currencies, thereby significantly increasing the attractiveness of gold.

Furthermore, in the context of low interest rates, traditional investment channels such as savings or government bonds offer negligible returns. This encourages investors to look for alternatives to preserve and increase asset value.

Source: https://baolangson.vn/gia-vang-hom-nay-26-7-vang-the-gioi-quay-dau-giam-5054199.html