SJC gold bar price
As of 6:00 AM on July 22, Phu Quy Gold and Gems Group listed SJC gold bar prices at the threshold of 142.5-146.4 million VND/tael (buying - selling), keeping the buying direction unchanged and increasing by 400,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.9 million VND/tael.
SJC gold bar price was listed by DOJI at the threshold of 143.4-146.4 million VND/tael (buying - selling), an increase of 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 143-146.7 million VND/tael (buying - selling), an increase of 600,000 VND/tael on the buying side and an increase of 300,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.7 million VND/tael.
9999 gold ring price
As of 6:00 AM on July 22, Phu Quy Gold and Gems Group listed the price of gold rings at 142-145.5 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3.5 million VND/tael.
DOJI listed gold ring prices at the threshold of 143.2-146.2 million VND/tael (buying - selling), an increase of 1.2 million VND/tael on the buying side and an increase of 200,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 143-146.7 million VND/tael (buying - selling), an increase of 600,000 VND/tael on the buying side and an increase of 300,000 VND/tael on the selling side. The difference between buying and selling prices is at 3.7 million VND/tael.
World gold price
At 9:25 PM on July 21, world gold prices were listed around the threshold of 4,065.8 USD/ounce, up 58.5 USD.
Gold price forecast
Gold prices are regaining momentum after a strong sell-off last week. Buyback of selling positions helped the precious metal at one point increase beyond 4,050 USD/ounce, equivalent to an increase of more than 1% in the session. The trading range expanded from 3,998.8 USD to 4,085.1 USD/ounce, showing that the market is still fluctuating strongly.
Although recovering above the psychological threshold of 4,000 USD/ounce, the upward outlook for gold is not really certain. The USD, US government bond yields and oil prices remain high, creating significant pressure on the precious metal.
Recent US economic data also makes monetary policy expectations more cautious. Previously, the cooling consumer price index and production price index had reduced the possibility of the US Federal Reserve (Fed) continuing to raise interest rates in the short term.
However, positive retail sales, reduced unemployment claims, along with the recovery of production and consumer sentiment, have made the market unable to bet on a clear shift.
Traders still lean towards the possibility that the Fed will keep interest rates unchanged at the July meeting. However, the September meeting continues to be the focus, as the possibility of raising interest rates is still assessed at a relatively high level. The yield of 10-year US bonds is around 4.6%, while the USD index fluctuates near 101 points, which may continue to limit the upward momentum of gold prices.
Besides monetary policy, developments in the Strait of Hormuz and the Red Sea region are still unpredictable factors. The risk of disruption of energy transport routes supports safe haven demand. However, high oil prices also increase concerns about inflation, thereby maintaining increased pressure on yields and interest rates.
Technically, gold prices have protected the 4,000-4,021 USD/ounce support zone and regained an advantage in the short term. The 4,064 USD/ounce mark is an important resistance level. If it sustainably crosses this zone, the price may head towards the 4,100 USD/ounce marks. Investors need to continue to monitor the message from the Fed, bond yield fluctuations and the transportation situation in Hormuz.
Gold price data is compared to the previous day.
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