Gold price today, July 3: Continues to heat up

(NLDO) – Gold prices today continue to maintain a strong upward trend as the market is concerned about the possibility of reaching trade agreements between the US and its partners.

Gold price continues to increase today

At around 6:00 a.m. on July 3 (Vietnam time), the world gold price today reached 3,362 USD/ounce, up 36 USD compared to the lowest level in last night's trading session of 3,326 USD/ounce.

World gold prices fluctuated strongly as the market waited for the US Department of Labor's June employment report, scheduled to be released a day earlier due to Independence Day (July 4).

According to forecasts, the June non -farm payroll will increase by 110,000 jobs, lower than the 139,000 in May. This data is considered an important factor affecting the monetary policy of the US Federal Reserve (FED) and gold market sentiment.

The focus of gold prices today is shifting to global trade issues, especially US trade deals.

With the US setting a July 9 deadline for several countries to reach a deal, the pressure is mounting. The Wall Street Journal reported on July 3 that trade deals are proving difficult to reach, reflecting the challenges of negotiations. Concerns about trade wars and global economic uncertainty are boosting demand for gold, a safe-haven asset.

In an interview with Kitco News, Ryan McIntyre, Senior Managing Partner at Sprott, said that gold prices are likely to move higher as retail investors continue to seek out safe haven assets. "Gold remains the go-to choice amid economic and geopolitical uncertainty."

In addition, the World Gold Council (WGC) reported that global central banks bought a net 20 tonnes of gold in May 2025.

New tensions in the Middle East may have reinforced gold's strategic appeal to central banks seeking to protect national reserves against geopolitical shocks, said Krishnan Salim, an analyst at the WGC.

In Vietnam, by the end of July 2, the price of SJC gold was listed at 120.7 million VND/tael for sale, while the price of gold rings was at 116.5 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-3-7-tiep-tuc-nong-len-19625070306403566.htm