As of 9:30 AM today, gold prices are continuing to decline due to multiple pressures in the global market. In Vietnam, the price of SJC gold bars is listed at 146-149.5 million VND per tael, reflecting a decrease of 1 million VND in both buying and selling prices.

At the same time, DOJI Group has set the price for SJC gold bars at 146.5-149.5 million VND per tael, also down by 1 million VND. The price difference between buying and selling stands at 3 million VND per tael.

Meanwhile, Bao Tin Minh Chau has reported SJC gold prices at 144.8-148.8 million VND per tael, with a reduction of 1.7 million VND for buying and 1.2 million VND for selling. The buying and selling price difference here is 4 million VND.

For 9999 gold rings, the price is similarly affected, with Phu Quy Group listing it at 146-149 million VND per tael, down by 1 million VND. DOJI's pricing for gold rings is 146.5-149.5 million VND, showing a decrease of 900,000 VND.

On the global stage, gold is priced around 4,117.4 USD per ounce, down by 25 USD. The market is currently under pressure from rising U.S. Treasury yields and a stronger U.S. dollar, alongside geopolitical tensions in the Strait of Hormuz affecting energy markets.

Despite a weaker-than-expected U.S. jobs report for June, which saw only 57,000 new jobs added against a forecast of 115,000, the gold market remains in a phase of accumulation. The labor market's support is being counterbalanced by pressures from bond yields and the strengthening dollar.

Craig Hemke, an analyst at Sprott Money, suggests that the most challenging phase for gold and silver may have passed. He notes that while geopolitical tensions have historically driven demand for gold, the current dynamics are complex, with rising energy prices potentially fueling inflation expectations and keeping bond yields high.

Looking ahead, if inflation continues to decline, expectations for the Federal Reserve to raise interest rates may weaken, creating a more favorable environment for gold. However, Hemke does not anticipate an immediate V-shaped recovery for gold prices, suggesting that the market may require additional time to stabilize before improving technical signals and investor sentiment.

Technically, the resistance zone lies between 4,200-4,260 USD per ounce. If gold surpasses and maintains levels above this range, it could target higher levels. Conversely, the support level is seen at 4,091 USD per ounce, with a psychological threshold at 4,000 USD.