Gold price today 7/4/2025
At the time of survey at 4:30 a.m. on July 4, 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 119.3-121.3 million VND/tael (buy - sell), an increase of 600,000 VND/tael in both buying and selling directions compared to yesterday.
SJC gold price at Phu Quy is traded by businesses at 118.6-121.3 million VND/tael (buy - sell), gold price increased by 500,000 VND/tael in buying and increased by 600,000 VND/tael in selling compared to yesterday.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119.8-121 million VND/tael for buying and selling. Compared to yesterday, the gold price increased by 300,000 VND/tael for buying and 500,000 VND/tael for selling.
World gold price today July 4, 2025 and world gold price fluctuation chart in the past 24 hours
According to Kitco, the world gold price recorded at 4:30 am today, Vietnam time, was at 3,328.83 USD/ounce. Today's gold price decreased by 0.39% compared to yesterday. Converted according to the USD exchange rate on the free market (26,389 VND/USD), the world gold price is 105.9 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is about 15.4 million VND/tael higher than the international gold price.
The US dollar and US stock futures rose after the US Labor Department released data showing that the non- farm sector created 147,000 jobs in June, far exceeding the forecast of 110,000 jobs from analysts surveyed by Reuters.
A stronger US dollar makes gold more expensive for overseas buyers, a negative factor for physical gold demand.
“The better-than-expected jobs data has significantly reduced the likelihood of an early rate cut by the Fed,” said David Meger, director of metals trading at High Ridge Futures. “The dollar has risen, putting further pressure on gold. Most importantly, the idea of a rate cut in July is no longer there.”
Investors now expect the Fed to cut interest rates by a total of 51 basis points between now and the end of the year, starting in October, down from the 66 basis points expected before the jobs report was released.
Gold, which does not yield interest, tends to appreciate in low interest rate environments, due to the lower opportunity cost.
On the trade front, the US and Vietnam reached an agreement on July 2, just ahead of the July 9 deadline when new US tariffs were scheduled to take effect, helping to ease global trade tensions.
On the political front, the Republican Party in the US House of Representatives continues to push former President Donald Trump's large-scale tax cut and spending bill, which is estimated to increase the US public debt by 3,400 billion USD, to the final round of voting.
Despite the short-term pressure on gold prices, some experts remain positive about the long-term outlook. “As US debt levels continue to rise, investors may become more concerned about the stability of the US dollar, which will benefit gold in the long term,” said Carsten Menke, an analyst at Julius Baer.
In other precious metals, spot silver edged up 0.1% to $36.61 an ounce. Platinum fell 4% to $1,362.02 an ounce, while palladium fell 1.5% to $1,137.45 an ounce.
Source: https://baohatinh.vn/gia-vang-hom-nay-472025-vuot-muc-121-trieu-dongluong-post291061.html
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