Editor’s Note
This article provides a forecast for gold prices on July 14, 2025, highlighting potential volatility around $3,350 per ounce. Key attention is on upcoming U.S. CPI data and its implications for Federal Reserve policy.
Gold prices on July 14, 2025, are expected to fluctuate around $3,350 per ounce, influenced by U.S. economic data, particularly the Consumer Price Index (CPI) released on July 15, 2025, which could impact the Federal Reserve’s interest rate policy.
As of 5:00 PM on July 13, 2025, domestic gold prices remained stable across most listed companies. The market showed price levels identical to the previous day with no significant fluctuations. The recorded prices are as follows:
In Hanoi, SJC gold prices traded unchanged from yesterday at a buying price of 119.5 million VND per tael and a selling price of 121.5 million VND per tael. DOJI Group also maintained its SJC gold bar price at 119.5 million VND (buying) and 121.5 million VND (selling) per tael.
At Mi Hong Exchange, SJC gold prices traded at 120.0 million VND (buying) and 121.2 million VND (selling) per tael. This price shows no change from the previous trading day.
At PNJ, gold bar prices are set at 115.2 million VND (buying) and 118.2 million VND (selling) per tael. This price remains unchanged, indicating stability in the local market.
VietinBank Gold recorded a selling price of 121.5 million VND per tael, maintaining the same price as yesterday.
Bao Tin Minh Chau company continues to list SJC gold prices unchanged at 119.5 million VND (buying) and 121.5 million VND (selling) per tael.
At Phu Quy, SJC gold prices were recorded at 118.8 million VND (buying) and 121.5 million VND (selling) per tael, with no change from the previous trading day.
As of 5:00 PM (Vietnam time) on July 13, 2025, the spot gold price was $3,354.88 per ounce. This is the same price as the previous day. Applying Vietcombank’s USD exchange rate (26,290 VND/USD), the world gold price is approximately 106.35 million VND per ounce (excluding taxes and fees). Compared to the domestic SJC gold bar price on the same day (119.5 – 121.5 million VND per tael), the current SJC gold price is about 15.15 million VND higher than the international gold price.
Furthermore, the global debt burden is also a factor supporting the upward trend in gold prices. In particular, the U.S. public debt, which has surpassed $37 trillion, is weakening the value of the dollar, further fueling the rise in gold prices.
Experts point out that speculative sentiment towards gold eased in July. Inflows into gold ETPs in June pushed global gold ETP holdings to their highest level since August 2022. The value of these funds reached a record high of $383 billion, supporting a positive outlook for gold prices in the near future.
Gold prices on July 14, 2025, are expected to fluctuate within a narrow range, influenced by macroeconomic factors and U.S. trade policy. Recent analysis indicates that the current world gold price (XAU/USD) is moving around the $3,350 per ounce level, with both upward and downward pressures at play. Investors are focusing on upcoming U.S. economic data, particularly the Consumer Price Index (CPI) to be released on Tuesday, July 15, 2025, for clues about the Fed’s interest rate policy.
Based on the State Bank of Vietnam’s (Vietcombank) USD exchange rate (approximately 26,270 VND/USD), the world gold price corresponds to about 109.73 million VND per ounce (excluding taxes and fees). Based on the price as of July 12, 2025, the price of SJC gold bars in Vietnam could fluctuate between 119.5 million VND and 121.5 million VND per tael (buying – selling).
Gold prices are expected to continue their sideways movement between $3,300 and $3,370 per ounce. If the price breaks above $3,370 per ounce, an upward trend could form, with the next target potentially being $3,400 per ounce. Conversely, if the price breaks below the $3,300 per ounce support level, it could potentially fall to $3,250 per ounce.
In the short term, investors should closely monitor CPI data and Fed announcements to make investment decisions. If the gold price maintains above $3,350 per ounce, buying with a target of $3,400 could be considered. Conversely, if the gold price falls below $3,300, a cautious approach is needed, waiting for a new trend to emerge.
In the long term, gold remains a safe-haven asset amid geopolitical instability and increasing U.S. fiscal deficits. Long-term investors may consider accumulating gold at lower price levels around $3,250-$3,300 per ounce.
According to the gold price forecast for July 14, 2025, gold prices in the world market are expected to fluctuate between $3,295 and $3,395 per ounce, and in the domestic market between 119.5 million and 121.5 million VND per tael. CPI data, trade policy, and USD strength will be key factors influencing the gold price trend. Investors should stay updated with the latest information and monitor support/resistance levels to make informed decisions.
