On July 2, 2026, gold prices in Vietnam experienced a notable rise, with SJC gold increasing by 2 million VND per tael. The Phu Quy Gold and Gemstone Group listed SJC gold prices at 145-148.4 million VND per tael for buying and selling, respectively, marking a 2 million VND increase in both directions. The buying and selling price difference stood at 3.4 million VND per tael.

At the same time, DOJI Group reported SJC gold prices at 145.4-148.4 million VND per tael, also reflecting a 2 million VND increase. Bảo Tín Minh Châu listed SJC gold at 145-148 million VND per tael, with a 2 million VND increase for selling and a 2.5 million VND increase for buying. The price difference was around 3 million VND per tael.

In terms of 9999 gold rings, Phu Quy Gold and Gemstone Group set the price at 145-148 million VND per tael, with a 2 million VND increase in both buying and selling prices. DOJI also reported similar prices for 9999 gold rings, while Bảo Tín Minh Châu indicated a price of 145-148 million VND per tael, with increases of 2 million VND for selling and 2.5 million VND for buying.

Globally, gold prices were around 4,050.2 USD per ounce, up 74.8 USD. The global gold market opened the third quarter with a recovery, although challenges remain due to a strong USD and high U.S. Treasury yields. The market is currently focused on the U.S. non-farm payroll report for June, which showed a lower-than-expected increase in private sector jobs.

If the job figures exceed expectations, the USD and bond yields may rise, putting further pressure on gold. Conversely, weaker data could bolster expectations for interest rate cuts, supporting gold's recovery. Additionally, geopolitical tensions, particularly in the Strait of Hormuz, continue to influence market dynamics.

Technically, gold needs to break through resistance levels of 4,044 to 4,100 USD per ounce to confirm a stronger upward trend. If successful, the next targets could be 4,200 USD and potentially 4,370 USD. However, if prices fall below 3,959 USD per ounce, selling pressure may push gold down to 3,900 USD or even 3,886 USD.

In summary, while the short-term trend for gold appears cautiously optimistic, volatility may increase following the U.S. employment data.