Gold price today jumped at 10 a.m. on the first trading day of the week. World gold reached 4,632 USD per ounce, while domestic gold bars and rings also moved higher. The move extends a third straight weekly advance and puts fresh pressure on buyers watching retail quotes.
Bảo Tín Minh Châu and SJC
147.50 million VND per tael was the bid for Vàng Rồng Thăng Long of Bảo Tín Minh Châu, with the ask at 151.50 million VND per tael. Gold bars were quoted at 147 million VND per tael bid and 150 million VND per tael ask, while SJC gold bars at DOJI were listed at the same levels. For buyers comparing retail shelves, the gap between bid and ask stayed wide enough to keep any near-term purchase expensive.
4,632 USD and 145.71 million VND
145.71 million VND per tael was the equivalent value of world gold at 10 a.m., and that price was nearly 30 USD per ounce above Sunday’s session. SJC gold rings were traded at 14.65 million VND per chi bid and 15.03 million VND per chi ask, while Bảo Tín Minh Châu round plain gold rings were at 14.75 million VND per chi bid and 15.15 million VND per chi ask. The synchronized move across world gold, bars, and rings shows the morning rally reached both wholesale and retail quotes in the same session.
USD, PCE, GDP quý II
The weaker USD, fiscal pressure in the United States, and lower government bond yields kept money moving toward gold, and stronger inflows into Gold ETFs reinforced that short-term setup. In the latest survey of 11 Wall Street experts, 73% expected gold to keep rising, 27% expected consolidation, and none expected a drop. Among Investors in, 78% expected prices to rise in the coming week.
If gold breaks above 4,600 USD convincingly, the next projected target is 4,680 USD per ounce. That leaves the market balancing momentum against profit-taking after the strong rally, with technical corrections still possible. This week, traders will focus on PCE, GDP quý II, and labor data for the next read on whether the rally has room to extend.
