Gold price today 7/7/2025: Gold buyers lose money despite a week of strong growth

Domestic gold price today 7/7/2025

As of 4:30 a.m. on July 7, 2025, the domestic gold bar price is based on the closing price yesterday, July 6. Specifically:

DOJI Group listed the price of SJC gold bars at 118.9-120.9 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. Compared to a week ago, DOJI Group adjusted the price of SJC gold bars to increase by 1.7 million VND/tael in both directions.

If a swing trader buys gold at the beginning of the week at VND119.2 million/tael, he will still lose VND300,000/tael this week.

At the same time, the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 118.9-120.9 million VND/tael (buy - sell), the price remained unchanged in both buying and selling directions compared to yesterday. A sharp increase of 1.7 million VND/tael in both buying and selling directions compared to the opening session last week.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 119.8-120.8 million VND/tael for buying and selling. Compared to yesterday, the gold price remained unchanged in both buying and selling directions. Compared to the same period last week, the gold price increased by 1.8 million VND/tael for buying and 1.6 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is traded by businesses at 118.9-120.9 million VND/tael (buy - sell), the price remains unchanged in both buying and selling directions compared to yesterday, the price increased by 1.7 million VND/tael in both buying and selling directions compared to the beginning of last week.

SJC gold price at Phu Quy is traded by businesses at 118.2-120.9 million VND/tael (buy - sell), gold price is unchanged in both buying and selling directions compared to yesterday, increased by 1.7 million VND/tael in both buying and selling directions compared to last week.

As of 4:30 a.m. on July 7, 2025, the price of 9999 Hung Thinh Vuong round gold rings at DOJI was listed at 115.5-117.5 million VND/tael (buy - sell); the price remained unchanged in both buying and selling directions compared to yesterday; the price increased by 1.5 million VND/tael in both buying and selling directions compared to the beginning of last week.

Bao Tin Minh Chau listed the price of gold rings at 115.7-118.7 million VND/tael (buy - sell); the gold price remained unchanged in both buying and selling directions compared to yesterday; the gold price increased by 1.6 million VND/tael in both buying and selling directions compared to the beginning of last week.

The latest gold price list today, July 7, 2025 is as follows:

World gold price today 7/7/2025 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 7, Vietnam time, was 3,336.23 USD/ounce. Today's gold price is unchanged from yesterday; up 70.77 USD/ounce compared to last week. Converted according to the USD exchange rate at Vietcombank (26,350 VND/USD), the world gold price is about 109.45 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 11.45 million VND/tael higher than the international gold price.

Despite positive economic data, global gold prices rose last week due to concerns about geopolitics and public debt. The precious metal rose even as stock markets recovered and investors became more confident.

Spot gold opened at $3,271 an ounce at the start of the week, then dropped below $3,250 but quickly recovered. By Monday morning (US time), the price was just a few dollars away from $3,300 and had crossed that threshold by the afternoon of the same day. On Tuesday morning, the price continued to rise to $3,356 an ounce.

However, this price caused many investors to take profits, causing the gold price to fluctuate around 3,330 - 3,355 USD in the next two days. By Wednesday afternoon, the gold price suddenly increased sharply, reaching a weekly peak of 3,365 USD/ounce. After that, the gold price decreased slightly to 3,345 USD and then tried to increase again in the Asian session but failed.

Before the US jobs report was released, the price of gold fell sharply from $3,350 to $3,312 in just 15 minutes. But soon after, gold recovered to $3,337 when the US stock market opened. The price traded in a narrow range over the weekend due to the US Independence Day holiday (July 4).

One of the reasons for the gold price increase is trade tensions. President Trump’s temporary tariff suspension expires on July 9. Although the White House announced progress in negotiations, no formal agreement has been signed.

In addition, the US public debt is at an alarming level (over $37 trillion) and the new spending bill could add $3 trillion to the budget deficit over the next 10 years. This puts pressure on the USD and causes many investors to seek gold as a safe haven.

Important Economic Data Next Week

This week, the market will be waiting for some important economic events:

• Tuesday: Reserve Bank of Australia announces interest rate decision.
• Wednesday: Minutes of the US Federal Reserve's June meeting will be released, helping to predict interest rate trends.
• Thursday: US weekly jobless claims data.

Gold Price Forecast

This week, 14 Wall Street experts participated in a survey on gold price trends. After a relatively stable trading week, experts generally remained neutral. Specifically, 36% predicted gold prices would rise, 28% said they would fall, and 36% believed gold would move sideways.

In addition, an online survey of 243 individual investors showed that the majority remained optimistic. About 59% expected gold prices to rise, 20% predicted a fall and 21% thought the market would continue to accumulate in a narrow range.

Adam Button, an expert at Forexlive.com, said that the US dollar initially rose but then reversed, indicating that the downtrend is still dominant. He believes that if this situation continues, gold will be the beneficiary.

In contrast to Button, Marc Chandler of Bannockburn Global Forex believes that gold prices may continue to fall due to stronger-than-expected US employment data and rising interest rates. He predicts that gold prices may fall to $3,250/ounce or lower in the near future.

Jim Wyckoff, an expert from Kitco, commented that gold is fluctuating in a narrow range. The chart is still tilted to the upside, but the market needs more momentum to break out of the current accumulation zone.

Any dip is a good buying opportunity, said James Stanley, a strategist at Forex. He stressed that long-term factors such as loose monetary policy and inflation will continue to support gold prices.

Ole Hansen of Saxo Bank also agreed that gold prices remain in an uptrend, although they may move sideways in the short term. According to him, gold needs to hold the $3,245 level to avoid a deeper correction. Hansen believes that the fundamentals still support gold's long-term rise.