Gold price today July 20, 2025: Domestic and world gold prices remain above the 3,300 USD mark despite many pressures

Domestic gold price today 7/20/2025

As of 4:30 a.m. on July 20, 2025, the domestic gold bar price is based on the closing price yesterday, July 19. Specifically:

The price of SJC gold bars listed by DOJI Group is at 119.5-121 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 119.5-121 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119.8-121 million VND/tael for buying and selling. Compared to yesterday, the gold price decreased by 200 thousand VND/tael for buying - unchanged for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 119.5-121 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday.

SJC gold price in Phu Quy is traded by businesses at 118.7-121 million VND/tael (buy - sell), gold price increased 300 thousand VND/tael in buying direction - unchanged in selling direction compared to yesterday.

As of 4:30 a.m. on July 20, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.9-118.4 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday.

Bao Tin Minh Chau listed the price of gold rings at 116.1-119.1 million VND/tael (buy - sell); the gold price remained unchanged in both buying and selling directions compared to yesterday.

The latest gold price list today, July 20, 2025 is as follows:

World gold price today 7/20/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 4:30 a.m. on July 20, Vietnam time, was 3,350.97 USD/ounce. Today's gold price decreased by 14.33 USD/ounce compared to yesterday. Converted according to the USD exchange rate at Vietcombank (26,340 VND/USD), the world gold price is about 109.87 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.13 million VND/tael higher than the international gold price.

Over the past week, the world gold price has barely reacted to information about tariff policies. Instead, investors’ attention has focused on rumors related to the possibility of political interference in the US Federal Reserve (Fed), especially the future of Fed Chairman Jerome Powell.

Gold opened the week at $3,366.60 an ounce and tried several times to break above $3,375 an ounce. However, after a fourth failed attempt on Monday morning, the price began to decline, hitting a short-term support level of around $3,342 an ounce late in the morning.

Gold prices then moved sideways in a narrow range of $3,320 to $3,342 an ounce, until rumors that the Trump administration was preparing for the possible resignation of Fed Chairman Jerome Powell sent the price of gold soaring on Wednesday morning, from $3,325 an ounce to $3,363 an ounce in less than an hour.

Soon after, reassuring remarks from Trump and other officials that no changes were imminent at the Fed calmed markets. Gold prices quickly fell back, hitting a weekly low of $3,312 an ounce on Thursday morning. However, the price spurred a return of buying interest, helping gold recover to above $3,340 an ounce by early afternoon.

Gold prices continued to rally in the Asian and European trading sessions on Friday, reaching an intraday high of over $3,360 an ounce in the morning U.S. time. However, positive data on inflation expectations released later caused gold prices to gradually weaken again, closing the trading week around $3,350 an ounce.

Adrian Day, President of Adrian Day Asset Management, believes that the Fed will continue to maintain a cautious stance and not rush to cut interest rates, despite calls from the market and from politics. According to Mr. Day, there are three main reasons why Fed Chairman Jerome Powell is still hesitant to adjust interest rates.

First, inflation is still not fully under control. Although the Fed looks not only at actual data but also at inflation expectations, if you look at the trend over the past 6 months, inflation is still higher than before the COVID-19 period and still above the Fed's target.

Second, the current economic environment is fraught with uncertainty. Not only are there tensions over tariffs, but the economic and monetary policy environment is also lacking clarity. In such a context, maintaining the current policy stance is seen as the safe and sensible option.

Third, according to Mr. Day, there is also the human factor and professional principles. He believes that if the President publicly criticizes and pressures, a person with self-respect will be even less willing to comply to preserve honor and professional independence. This is especially true for Mr. Powell, who has long defended the Fed's independence from political influence.

Gold Price Forecast

According to Adrian Day’s analysis, all of the above factors are contributing to keeping gold prices in the high zone. Although there is no factor strong enough to push gold prices to break out further, there is also no clear reason for gold prices to fall sharply. On the contrary, he believes that the possibility of a serious decline in gold prices is gradually becoming less likely.

If there is a lot of positive news coming at the same time, such as the signing of some trade agreements, progress in Middle East relations, and positive US economic data, the price of gold may adjust down. However, he emphasized that it is not easy for these factors to happen at the same time.

The important thing, according to Mr. Day, is that the gold price is currently showing a very “resilient” price, not falling despite not having much upward momentum. This shows that there are still a large number of investors standing on the sidelines, waiting for a buying opportunity. And that is only the beginning of the story.

Gold prices have yet to be driven by the usual factors that have contributed to previous bull runs, such as economic slowdown, falling interest rates, rising inflation or low real interest rates. When these factors become apparent in the US market and the Fed has to act, he believes that will be the real boom period for gold prices.

Marc Chandler, CEO of Bannockburn Global Forex, said that gold is likely to rise in the coming days. According to him, the US dollar and short-term interest rates in the US may have ended their correction, creating conditions for gold prices to recover.

Gold prices have not broken above $3,400 an ounce for about a month, but if they do break above that level next week, it would be a confirmation of a resumption of the uptrend, Chandler said.

Next week, global financial markets will receive a series of important economic news, with the focus being on the European Central Bank (ECB)'s interest rate decision. In addition, there will be data related to the manufacturing and housing sectors in the US.

Fed Chairman Jerome Powell will deliver opening remarks at an event in Washington on Tuesday. While he is not expected to make a major policy statement, investors will be watching closely to see if he responds to recent criticism from President Donald Trump.

On Wednesday, the US will release June existing home sales data, Thursday will see a slew of important data such as the ECB's interest rate decision, the S&P preliminary PMI, weekly jobless claims and new home sales. On Friday, the US durable goods orders report for June will be released.