On July 18, gold prices saw a significant turnaround, with global rates rising above 4,000 USD per ounce. In Vietnam, most enterprises adjusted their gold prices upwards, with increases ranging from 700,000 to 1 million VND per tael.

As of 9:10 AM, Phu Quy Gold and Gemstone Group listed the price of SJC gold at 144-147.5 million VND per tael for buying and selling, marking an increase of 1 million VND for buying and 900,000 VND for selling. The buying and selling price difference stood at 3.5 million VND per tael.

At the same time, DOJI Group set the SJC gold price at 144.5-147.5 million VND per tael, also reflecting a rise of 900,000 VND for both buying and selling. The price difference was 3 million VND per tael.

Bao Tin Minh Chau reported a price of 142.6-146.6 million VND per tael for SJC gold, which represented a decrease of 900,000 VND for both buying and selling, with a price difference of 4 million VND per tael.

For 9999 gold rings, Phu Quy listed the price at 143-146.5 million VND per tael, increasing by 1 million VND for buying and 900,000 VND for selling. The price difference remained at 3.5 million VND per tael. DOJI reported prices of 143.3-147.3 million VND per tael, with increases of 700,000 VND for both buying and selling.

Internationally, gold was priced at around 4,017.3 USD per ounce, up by 37.4 USD. This rise comes after a period of decline, with gold dipping to nearly 3,960 USD per ounce before recovering.

Analysts suggest that this rebound is primarily due to buying activity following previous declines and does not yet confirm a sustainable upward trend. Despite a near 1% increase at the end of the week, gold remains down approximately 2.5% from earlier in the week, indicating ongoing pressures.

U.S. economic data has shown mixed signals, with the Consumer Price Index (CPI) and Producer Price Index (PPI) for June cooling down, alleviating some inflation fears. However, retail sales and jobless claims have exceeded expectations, suggesting resilience in the U.S. economy.

Investors are advised to monitor comments from Federal Reserve officials, bond yield trends, the strength of the U.S. dollar, and oil prices, as these factors could influence gold's appeal moving forward.

This article serves as a market update and should not be considered as investment advice. Investors are encouraged to assess their financial capabilities and risk factors before making any decisions regarding gold purchases.