Specifically, at 2:20 p.m., Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 115 - 118 million VND/tael (buy - sell), down 700,000 VND/tael in both buying and selling directions compared to the closing price yesterday.
Saigon Jewelry Company (SJC) listed the price of gold rings at 114 - 116.5 million VND/tael (buy - sell), down 400 thousand VND/tael in both buying and selling compared to yesterday's closing price.
DOJI Group listed the price of gold rings at 115 - 117 million VND/tael (buy - sell), down 500 thousand VND/tael in both buying and selling directions compared to yesterday's closing price.
Saigon Jewelry Company (SJC), DOJI Group listed gold bar prices at 118.6 - 120.6 million VND/tael (buy - sell), down 400 thousand VND/tael in both buying and selling compared to yesterday's closing price.
On the world market on July 8, gold prices fell more than 1% due to a series of factors: optimism about trade agreements between the US and other countries, the strengthening trend of the USD and rising US government bond yields.
At 0:49 a.m. on July 9, 2025, Vietnam time, the spot gold price fell 0.8% to $3,307.16/ounce, after hitting its lowest level in more than a week. The gold futures price also closed down 0.8% to $3,316.9/ounce.
The yield on 10-year U.S. government bonds hit its highest in more than two weeks, making non-yielding gold less attractive. At the same time, the dollar edged up 0.1%.
In addition, on July 8, two leading Asian economies , Japan and South Korea, said they would try to negotiate with the US to minimize the impact of high tariffs that President Donald Trump plans to impose from early August.
Peter Grant, vice president and senior metals strategist at Zaner Metals, said the focus is on trade as the July 9 deadline approaches and the U.S. is ratcheting up the pressure. However, he said some optimism around trade deals is boosting risk appetite, which is pushing gold lower.
Meanwhile, the market is awaiting the minutes of the US Federal Reserve's latest policy meeting, due on July 9. Several Fed officials will also speak this week, which are expected to provide more details on the economy and the central bank's policy path. Investors are now expecting the Fed to cut interest rates a total of 0.5 percentage points this year, starting in October 2025.
Source: https://baoninhbinh.org.vn/gia-vang-chieu-9-7-giam-700-nghin-dong-luong-398243.htm
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