Thu Jul 17 09:20:00 UTC 2025: Okay, here’s a summary of the text, followed by a news article based on it:

**Summary:**

On July 17th, the price of gold rings (vàng nhẫn) in Vietnam surged, while the price of SJC gold bars (vàng miếng SJC) remained stable. Gold ring prices reached 117.6 million VND per tael, while SJC gold bars were selling for 120.6 million VND per tael. Major gold retailers like DOJI and Bao Tin Minh Chau saw significant increases in their gold ring prices. The global gold price also increased, driven by speculation around the US Federal Reserve’s monetary policy and upcoming inflation data. In constrast, the article notes a reduction in gold prices on July 16, and that gold prices remain at high levels on July 14.

**News Article:**

**Gold Ring Prices Soar in Vietnam, SJC Gold Bars Hold Steady**

**Hanoi, Vietnam – July 17, 2024** – Vietnamese consumers saw a sharp rise in the price of gold rings (vàng nhẫn) today, while the price of SJC gold bars (vàng miếng SJC) remained unchanged. The surge in ring prices comes amidst fluctuations in the global gold market driven by speculation surrounding potential shifts in US monetary policy.

As of this afternoon, the selling price of gold rings reached 117.6 million VND per tael. Several leading retailers reported significant increases in their gold ring prices. DOJI Group increased the buying price by 800,000 VND/tael and selling price by 300,000 VND/tael. Bao Tin Minh Chau increased its gold ring prices by 700,000 VND/tael.

In contrast, SJC gold bars were selling for 120.6 million VND per tael, holding steady compared to yesterday’s prices. Major retailers including SJC, DOJI, Bao Tin Minh Chau, Phu Quy, and PNJ all maintained stable pricing for SJC gold bars.

The global gold price has also experienced an upward trend, currently trading around $3,340 per ounce, an increase of $10.1 per ounce compared to the previous day. Analysts attribute this volatility to market reaction to information regarding the US Federal Reserve’s potential policy changes and anticipation of upcoming economic data, particularly the consumer price index (CPI) report.

This increase follows a period of recent fluctuation. The article notes a reduction in gold prices on July 16, and that gold prices remain at high levels on July 14.

Investors are closely monitoring economic data to gauge the likelihood of future interest rate adjustments by the Fed.

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