Gold price afternoon of July 6, 2025: Record increase week

Domestic gold price today 7/6/2025

As of 3:30 p.m. on July 6, 2025, the domestic gold bar price remained unchanged compared to yesterday. Specifically:

The price of SJC gold bars listed by DOJI Group is at 118.9-120.9 million VND/tael (buy - sell), the price has not changed in both buying and selling directions compared to yesterday but increased sharply by 1.7 million VND/tael in both buying and selling directions compared to last 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. The closing price this week increased sharply by 1.7 million VND/tael in both buying and selling directions compared to 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 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, increasing 1.7 million VND/tael in both buying and selling directions compared to 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 the afternoon of July 6, 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 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 last week.

The latest gold price list today, July 6, 2025 is as follows:

World gold price today 7/6/2025 and world gold price fluctuation chart in the past 24 hours

According to Kitco, the world gold price recorded at 3:30 p.m. on July 6, 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.

Fed confused by interest rate problem, weak USD rescues gold price

Colin Cieszynski, senior market strategist at SIA Wealth Management, said the US Federal Reserve is in a dilemma. 'The Fed is caught between two difficult choices: on the one hand, inflation has fallen, so in theory the Fed has room to cut rates. On the other hand, the economy is weakening sharply, which would normally require rate hikes to contain inflation.'

What many people, especially politicians, often overlook is the signaling effect. When the Fed starts cutting, the public doesn't think it's a sign of economic improvement. They associate it with easing measures that are typically used in recessions, when there is no recession.

Interest rate cuts in the US economy could spur inflation, especially when combined with the impact of tariffs. The Fed is not only concerned about current inflation, but also about the outlook for inflation a year from now if these factors combine.

While many investors have been disappointed by the lack of a big break in gold prices, Cieszynski said that the more notable factor is the decline in the value of the US dollar, which has been the main factor keeping gold prices from falling. In just six months, EUR/USD has increased by 14%, GBP has increased by 10%, CNY has increased by 8%, CAD and AUD have both increased by 6%. This is a huge change in exchange rates but has received little attention.

Gold should have fallen sharply with the decline in risk and the boom in the stock market. But that is not the case. If these factors have a strong impact on stocks, they should have a similar impact on gold. The reason gold has held up is because of the weak US dollar.

The market is expecting the Fed to cut rates by about 80 basis points in 2025, equivalent to three rate cuts. With four meetings left, the Fed could easily cut in September and December, and could even act as early as July to respond to political pressure.

However, he believes that an early cut would not have a major impact: 'I don't think this will change the market significantly because it is already widely expected. Gold prices may benefit from this, but it is not a big boost.'

Gold price forecast after volatile week

Marc Chandler, CEO of Bannockburn Global Forex, said gold prices could continue to fall after this week's data. A stronger-than-expected US jobs report and rising interest rates have capped gold's rally. Cash markets have turned bearish, suggesting the correction may not be over. Gold could return to $3,250 or even lower.

Sean Lusk, an expert at Walsh Trading, said that gold is currently overvalued, surpassing $3,300 an ounce. The market is gradually gaining stabilizing factors, such as clearer trade agreements and a clearly defined tariff framework. This could boost private sector job creation and reduce market risks.

According to Lusk, gold prices could correct to the $3,225 to $3,123 range (May low) to consolidate the long-term uptrend. Even if gold prices fall to $3,141 to $3,170, they would still be up about 20% from the end of last year ($2,641). However, he believes that this decline will be temporary and gold prices will continue to rise again in 2025 due to the economic uncertainties that may increase later in the year.

Darin Newsom, senior analyst at Barchart.com, predicts that gold prices will continue to move sideways in the near future. He said gold is still considered a safe haven asset, especially as the new US tariff deadline (July 9) approaches.

Technically, August gold futures are hovering around the $3,345 average, between key support and resistance levels.

Jim Wyckoff, senior analyst at Kitco, also agreed that gold prices will continue to trade sideways in a consolidation mode. The chart still shows a slight positive signal, but new fundamental factors are needed to push gold prices out of the current trading range.

As of now, the spot gold price is at 3336.23 USD/ounce, up 2.17% compared to the beginning of the week. This shows that the market is in a state of balance in the face of mixed signals from the macro economy and monetary policy.

Quoc Duong