Mi Hong Company increased the selling price of SJC gold bars by VND300,000 per tael, to VND121.3 million, while the selling price remained unchanged at VND119.8 million. Saigon Jewelry Company - SJC did not change the price of gold bars, buying at VND119.5 million, selling at VND121.5 million... The current price of gold bars is about VND3 million/tael lower than the record high.
The price of gold rings also remained high. SJC Company bought 115 million VND and sold 117.6 million VND. Phu Quy Company bought 115.3 million VND and sold 118.3 million VND. Doji Group bought 116 million VND and sold 119 million VND...
SJC gold bar price stands at a high level. PHOTO: NGOC THACH
The world gold price increased by 8 USD, to 3,365.5 USD/ounce, at one point reaching 3,374 USD. The precious metal is at its highest level in the past 3 weeks. Financial markets have experienced significant fluctuations following the announcement of new tariffs by US President Donald Trump on goods imported into the US, in which traditional safe-haven assets and digital currencies have both benefited from the increased risk-off sentiment of investors. Rising trade tensions, combined with ongoing geopolitical concerns, have caused a shift to quality, causing precious metal prices and the US dollar to rise while stock prices fell.
The market’s defensive mood came after President Trump announced a 35% tariff on imports from Canada, set to take effect on August 1, along with plans to impose higher tariffs of 15% to 20% on most other trading partners. The measures have renewed concerns about disruptions to global trade and their potential economic consequences, prompting investors to seek refuge in traditional stores of value.
In addition to trade concerns, ongoing tensions in the Middle East have also contributed to risk aversion. The conflict between Israel and Hamas continues unabated, with military operations continuing around the Gaza Strip. Despite intensive diplomatic efforts by the US to broker a ceasefire, progress has been slow, escalating regional tensions and adding another layer of uncertainty to global markets./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-1472025-dung-o-muc-cao-185250714084433584.htm
Source: https://baolongan.vn/gia-vang-hom-nay-14-7-dung-o-muc-cao-a198700.html
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