Saigon Jewelry Company - SJC increased the price of SJC gold bars by 700,000 VND per tael, to 120.7 million VND for buying and 122.7 million VND for selling. Mi Hong Company increased the price of gold bars by 500,000 VND per tael, to 121.5 million VND, and increased the selling price by 700,000 VND, to 122.7 million VND. Doji Group increased the price of gold bars by 700,000 VND per tael, to 120.7 million VND for buying and 122.7 million VND for selling... The difference between the buying and selling prices of gold bars fluctuates from 1 - 2.5 million VND/tael.
Similarly, the price of gold rings increased by 500,000 VND per tael, SJC Company bought for 115.5 million VND, sold for 118 - 118.1 million VND. Phu Quy Company bought for 116.2 million VND, sold for 119.2 million VND...
SJC gold bar price increased sharply. PHOTO: NGOC THANG
The world gold price skyrocketed by 40 USD/ounce in the US trading session (night of July 22), reaching a peak of 3,437 USD/ounce. On the morning of July 23, the price of the precious metal fluctuated between 3,425 - 3,434 USD/ounce. Gold is approaching the record high reached in April at nearly 3,500 USD/ounce when unstable economic information caused the USD to fall sharply.
Trade policy developments have been a major catalyst for current market sentiment. US President Donald Trump’s threat to impose tariffs on most of America’s trading partners unless trade deals are signed by August 1 has caused significant uncertainty for global trade. His proposal to impose a 30% tariff on imports from the European Union has prompted reports of potential retaliation from the bloc, raising concerns about a broader trade conflict that could significantly impact transatlantic trade and global economic growth.
The convergence of a weak dollar, falling yields, geopolitical tensions and trade policy uncertainty has created an environment that is particularly supportive for gold. As the precious metal approaches record highs, market participants will be closely watching to see if these favorable conditions can sustain the momentum needed to establish new price benchmarks. The proximity to historical highs suggests that any breakthrough could spark further buying, potentially extending the current rally beyond previous levels.
Central bank buying and safe-haven demand have further supported gold prices, with many institutional investors continuing to view the precious metal as a portfolio diversifier amid rising geopolitical tensions and trade policy uncertainty./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-2372025-tang-len-gan-muc-ky-luc-185250723084111945.htm
Source: https://baolongan.vn/gia-vang-hom-nay-23-7-tang-len-gan-muc-ky-luc-a199293.html
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