Gold Prices on July 5, 2026: Losses Despite Significant Increase

On July 5, 2026, despite a significant rise in gold prices over the past week, investors are still facing losses due to the high buy-sell spread. The SJC gold price was listed at 148.4-151.4 million VND per tael, reflecting an increase of 2.9 million VND compared to the previous week. However, investors who bought gold at the end of June and sold on July 5 incurred a loss of 100,000 VND per tael.

Similarly, DOJI reported the same price range for SJC gold. The buy-sell spread remains at 3 million VND per tael, indicating that while prices have risen, the profitability for investors is hindered by the cost of trading.

In the case of 9999 gold rings, DOJI and Phu Quy also listed prices at 148.4-151.4 million VND and 148-151 million VND per tael, respectively, both showing an increase of 2.9 million VND. However, buyers at DOJI also faced a loss of 100,000 VND per tael, while those at Phu Quy broke even.

On the international market, gold closed at 4,174.1 USD per ounce, up 85.5 USD from the previous week. Market sentiment is improving after a four-week decline, with a recent survey indicating that 69% of analysts expect gold prices to continue rising in the coming week.

Despite the short-term positive outlook, gold prices are still challenged by high U.S. Treasury yields, a strong U.S. dollar, and the Federal Reserve's tight monetary policy. Long-term factors like increasing global debt and central bank purchases continue to support the gold market. A recent survey showed that 89% of central bank respondents expect their gold reserves to increase over the next year, highlighting ongoing demand.

In conclusion, while the immediate future for gold prices appears optimistic, investors should remain cautious due to potential volatility driven by external economic factors.