Update gold price list today (July 4) at Saigon Jewelry Company Limited (SJC), Phu Quy Gold Investment Joint Stock Company, Doji Jewelry Group.
World gold prices fell sharply by 1% in the trading session on July 3 after a more optimistic than expected US employment report reinforced speculation that the US Federal Reserve (Fed) would not cut interest rates soon, thereby reducing the attractiveness of this precious metal.
At around 1 a.m. on July 4, Vietnam time, spot gold fell 0.9% to $3,328.63 an ounce, after falling more than 1% at one point during the session. Meanwhile, US gold futures closed up 0.4% to $3,342.9 an ounce.
David Meger, director of metals trading at High Ridge Futures, said the better-than-expected jobs data means the chances of the Fed cutting interest rates sooner than currently expected are lower.
As a result, the US dollar has strengthened, putting more pressure on the gold market. According to him, the possibility of a rate cut in July 2025 is almost gone.
Gold, a non-yielding asset, typically performs well in low interest rate environments.
In the US Congress , the House of Representatives Republicans passed President Donald Trump's massive tax cut and spending bill, which is expected to add about $3.4 trillion to the national debt.
As US debt continues to rise, investors may become more concerned about the US dollar, which will benefit gold in the long term, said Carsten Menke, an analyst at Julius Baer.
In Vietnam, on the morning of July 4, Saigon Jewelry Company listed the price of SJC gold bars at 119.3-121.3 million VND/tael (buy-sell).
Below is the gold price list at some domestic gold and gemstone companies on the morning of July 4:
Gold price at Saigon Jewelry Company Limited (SJC):
Gold price at Phu Quy Gold Investment Joint Stock Company:
Gold price at Doji Gold and Gemstone Group:
Source: https://baolangson.vn/gia-vang-ngay-4-7-bang-gia-tai-cac-cong-ty-vang-bac-da-quy-5052163.html
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