On the morning of July 18, the price of gold bars at Saigon Jewelry Company - SJC continued to stand still with the buying price of 118.6 million VND, selling price of 120.6 million VND. Similarly, the price of 4-number 9 gold rings at SJC was also kept the same at the buying price of 114.2 million VND, selling price of 116.7 million VND; Phu Nhuan Jewelry Company (PNJ) bought at 114.7 million VND, selling price of 117.6 million VND. Doji Group alone increased the price of gold rings by 300,000 VND, buying at 115.9 million VND, selling price of 118.4 million VND...
Gold prices have remained unchanged in recent days and gold buyers will immediately lose 2 - 2.5 million VND/tael due to the high difference between buying and selling prices.
Gold price on the morning of July 18 remained stable, but buyers will immediately lose 2 - 2.5 million VND/tael (PHOTO: NGOC THANG)
The world gold price continued to fall by 4 USD, down to 3,337 USD/ounce. The USD maintained its upward momentum, also pushing the price of the precious metal down. A series of quite optimistic US economic data such as the US Department of Labor reported that the number of Americans filing for unemployment benefits for the first time in the week ending July 12 was 221,000, down 7,000 from the previous week. Meanwhile, retail sales exceeded expectations, rising 0.6% in June, although part of the increase may reflect price increases due to tariffs.
Federal Reserve Governor Adriana Kugler said the Fed should not lower interest rates “for a while,” as the impact of Trump’s tariff policies begins to weigh on inflation. President Donald Trump recently denied plans to fire Jerome Powell as Fed Chairman, despite repeatedly urging the agency to lower interest rates immediately.
According to CNBC, investors are still watching President Donald Trump's tariff policy. Most recently, Japan's chief trade negotiator held talks with the US Secretary of Commerce on tariffs, as Tokyo races to avoid a 25% tariff that will be imposed unless a deal is reached before the August 1 deadline./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-1872025-nguoi-mua-vao-bi-lo-ngay-25-trieu-dong-185250718070656418.htm
Source: https://baolongan.vn/gia-vang-hom-nay-18-7-nguoi-mua-vao-bi-lo-ngay-2-5-trieu-dong-a198986.html
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