At the end of the session on July 14, the price of gold bars at SJC closed at 119.5-121.5 million VND/tael (buy - sell), equal to the closing price of the last trading session of the week. During the whole day of July 14, the price of gold did not change once.

At the end of the session, the price of SJC gold rings of 1-5 chi was listed at 115-117.5 million VND/tael (buy - sell), unchanged from the end of last week.

The price of 9999 gold rings at Doji closed the session at 116-119 million VND/tael, unchanged from the closing price last week.

After a relatively quiet week, the financial markets entered a busy week with a series of important economic data. Specifically, economic data released this week includes: June CPI report, Empire State manufacturing survey, June PPI data, June retail sales, weekly unemployment claims,...

New economic data released showed the US labor market grew better than expected in June, contributing to reducing the possibility that the US Federal Reserve (Fed) will accelerate its interest rate cut roadmap.

At the same time, concerns about rising inflationary pressures due to new tariff policies are causing investors to adjust their expectations, towards the view that the Fed may slow down the pace of monetary policy easing in the coming time.

Analysts expect the minutes of the Fed's latest policy meeting, due later this week, to provide further clues about the direction of interest rates in the third quarter.

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Domestic gold prices increase. Photo: Chi Hieu

Colin Cieszynski, chief market strategist at SIA Wealth Management, said the main driver of the gold market today still revolves around the movements of the US dollar, especially information related to tariffs and political statements from the US - factors that are very difficult to predict.

Spot gold closed the week at $3,354 an ounce. Gold futures for August 2025 delivery on the Comex New York floor traded at $3,370 an ounce.

In the domestic gold market, on July 12, SJC gold bar prices were traded at 119.5-121.5 million VND/tael (buy - sell), an increase of 500,000 VND/tael compared to the previous session.

The price of 1-5 chi SJC gold rings is listed at 115-117.5 million VND/tael (buy - sell), unchanged from the previous session. The price of 9999 gold rings at Doji is at 116-119 million VND/tael, up 500,000 VND/tael from the previous session.

Gold Price Forecast

Many experts predict the potential for gold to increase in price in the long term, as a tool to protect assets in the context of global economic and political instability.

Gold prices fell in the first two sessions of the week (Monday and Tuesday), but ended the week with a series of three consecutive sessions of gains. News related to US tariff policies seems to be the main supporting factor helping gold prices recover, said Marc Chandler, CEO of Bannockburn Global Forex.

It remains to be seen whether the correction following the peak of nearly $3,500 an ounce is over, according to Chandler. The peak of the accumulation pattern is currently near $3,422, while the support zone below is around $3,275.

Data such as the upcoming US CPI, along with the US tariff announcement against the EU, could help clarify the upcoming trend.

Michael Moor, founder of Moor Analytics, is also bullish on gold based on technical analysis. He points out that key support levels have held and forecasts significant price increases across different time frames, suggesting that gold's bullish momentum remains strong.

Source: https://vietnamnet.vn/gia-vang-hom-nay-14-7-2025-vang-sjc-va-nhan-tiep-da-tang-manh-2421219.html