Opening the trading session on July 15, the price of gold bars simultaneously decreased by 400,000 VND for both buying and selling. The brands DOJI , SJC, PNJ simultaneously listed the price of gold bars at 119.1 - 121.1 million VND/tael. In particular, the buying price of Phu Quy is 700,000 VND/tael lower than other brands.
At the same time, the price of gold rings of most brands decreased by the highest 400,000 VND in both directions. Specifically: SJC listed the price at 114.6 - 117.1 million VND/tael; DOJI traded at 115.6 - 118.6 million VND/tael, both down 400,000 VND in both buying and selling prices; Phu Quy decreased 300,000 VND in both directions to 115 - 118 million VND/tael; PNJ remained unchanged at 115.2 - 118.2 million VND/tael.
In the world, the international gold price (XAU) today is 3,346.86 USD (updated at 08:00:51 July 15, 2025), down 0.30% in the last 24 hours, equivalent to a decrease of 10.09 USD/Ounce.
World gold prices turned down due to normal profit-taking activities of short-term futures traders. Meanwhile, the value of the US dollar soared, putting more pressure on the precious metal.
On the other hand, the risk appetite in the global market has been restrained by the Trump administration’s tough stance on tariffs. The US government recently sent notices to its trading partners, threatening to impose import tariffs of 20% to 30%. The European Union (EU) was notified of a potential 30% tariff, while Mexico and Canada faced 30% and 35% tariffs, respectively. These trade tensions have affected investor sentiment and the gold market.
Joe Cavatoni, chief market strategist for North America at the World Gold Council, said the gold price's volatility around $3,300 an ounce is a sign that market participants are lacking clarity on some of the key drivers of gold.
“Tactically, the drivers of gold prices are momentum and opportunity cost. If we see the Fed move rates later in the year, that opportunity cost will be positive for gold in the short term. However, investors will act quickly to try to gauge whether that momentum will have an impact on gold prices,” Cavatoni said.
The market is paying attention to the US consumer price index (CPI) report for June, scheduled to be released today, with a forecast increase of 2.7% compared to the same period last year, higher than the 2.4% in May. This data could strongly influence expectations about the Fed's monetary policy, thereby affecting gold prices.
Source: https://baolaocai.vn/vang-mieng-va-vang-nhan-giam-toi-400000-dongluong-post648787.html
Comment (0)