Editor’s Note
This forecast highlights key economic events that could drive gold price volatility on July 7, 2025, including the US jobs report and central bank communications. Investors should monitor these releases for potential market-moving signals.
Gold prices on July 7, 2025, are expected to enter a new phase of volatility after a relatively stable trading week. Considering economic factors such as the US employment report, the Reserve Bank of Australia’s interest rate decision, and the release of the Federal Reserve meeting minutes, the gold market is anticipated to welcome a new trend.
As of July 6, 2025, the domestic gold market recorded a decline for most major brands. Both buying and selling prices were adjusted downward compared to the previous trading day, creating a somewhat gloomy market atmosphere. Specifically:
In Hanoi, SJC gold bar prices traded at 118.9 million VND per tael for buying and 120.9 million VND per tael for selling, a slight decrease from the previous trading day.
Similarly, DOJI Group also traded at 118.9 million VND/tael for buying and 120.9 million VND/tael for selling, showing no price change.
Mi Hong Jewelry Company recorded a slight decline with a buying price of 119.5 million VND per tael and a selling price of 120.7 million VND per tael.
PNJ maintained its buying price at 114.8 million VND per tael and selling price at 117.4 million VND per tael. This is lower than major brands like SJC or DOJI, reflecting price adjustments in the gold jewelry market.
Other brands such as VietinBank Gold and Bao Tin Minh Chau also maintained their prices unchanged at 120.9 million VND per tael for both buying and selling, respectively.
Overall, gold prices today (July 6, 2025) show a clear downward trend in the market, which could impact future investment sentiment. Please continue to follow the latest updates to accurately and promptly grasp the gold market situation.
As of 5:00 PM (Vietnam time) on July 7, 2025, the spot gold price was $3,335.93 per ounce. This is the same price as the previous day. Applying Vietcombank’s USD exchange rate (26,370 VND/USD), the world gold price is approximately 110.37 million VND per tael (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (118.9 – 120.9 million VND per tael), the current SJC gold price is about 10.53 million VND higher than the international gold price.
Current gold prices are fluctuating around $3,340 per ounce, but there is no clear momentum to break out of the current sideways trend.
June US employment data showed strong growth with 150,000 new jobs created, putting downward pressure on gold prices, resulting in a drop of about 0.8%.
With the unemployment rate falling to 4%, the likelihood of the Federal Reserve cutting interest rates in the short term has decreased.
Factors supporting gold prices still exist, such as the US government’s large-scale spending plans, which are expected to increase public debt and put downward pressure on the US dollar.
A new tax reform bill passed by the US Congress could worsen the fiscal deficit.
Although the current gold market is in an adjustment phase, macroeconomic factors such as fiscal deficits or a weak dollar could serve as a springboard for long-term gold price increases.
The gold price forecast for July 7, 2025, indicates a relatively balanced market, although opinions differ among experts and individual investors. After a week of stable trading, domestic gold prices remain high, fluctuating between 118.9 and 120.9 million VND per tael. International gold prices also rose slightly, closing the week at around $3,335 per ounce, up 2% from the previous week.
Wall Street experts hold quite divergent views on gold prices. About 36% expect gold prices to rise, 28% expect them to fall, and the remaining 36% expect prices to remain stable. Meanwhile, 59% of individual investors expect gold prices to rise next week, indicating a somewhat optimistic view of gold’s short-term prospects.
Several key economic factors will influence gold prices next week, including the Reserve Bank of Australia’s monetary policy decision, the US Federal Reserve meeting minutes, and the release of US unemployment claims. This information could cause volatility in the gold market in the coming days.
The US dollar is a key factor affecting gold prices. When the dollar’s value falls, gold tends to become more attractive to buyers using other currencies, leading to price increases. However, if the dollar’s value rises again due to positive economic indicators or tightening monetary policy, gold prices may face downward pressure.
Experts warn that while gold prices have the potential to rise in the long term, short-term price fluctuations or slight adjustments are possible due to global policy and economic uncertainties. Therefore, investors interested in gold prices on July 7, 2025, should closely monitor economic trends and monetary policies to make appropriate decisions.
In summary, gold prices are currently showing a slight upward trend and are in a stable phase, but caution is needed considering the potential for future volatility due to major economic factors. It is an appropriate time to carefully observe and assess the situation before making decisions related to gold investment.
