Gold price today May 21: Increase after new move by the US

Khương Duy |

Gold price today May 21: World and domestic gold prices are recovering.

SJC gold bar price

As of 9:30 am, SJC gold bar prices were listed by DOJI Group at 160.5-163.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Diễn biến giá vàng SJC những phiên giao dịch gần đây. Biểu đồ: Khương Duy
SJC gold price movements in recent trading sessions. Chart: Khuong Duy

Bao Tin Minh Chau listed SJC gold bar prices at 160.5-163.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at 160.5-163.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

9999 gold ring price

As of 9:30 am, DOJI Group listed the price of gold rings at 160.5-163.5 million VND/tael (buying - selling), an increase of 1.5 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Giá vàng nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
Price of plain gold rings at some business units. Unit: VND/tael. Table: Khuong Duy

Bao Tin Minh Chau listed SJC gold bar prices at 160.5-163.5 million VND/tael (buying - selling), an increase of 1 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 160.3-16.3 million VND/tael (buying - selling), an increase of 1.3 million VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

Giá vàng miếng SJC và nhẫn trơn tại một số đơn vị kinh doanh. Đơn vị: đồng/lượng. Bảng: Khương Duy
SJC gold bar and plain ring prices at some business units. Unit: VND/tael. Table: Khuong Duy

World gold price

At 9:30 am, world gold prices were listed around the threshold of 4,540.7 USD/ounce, up 83.9 USD compared to the previous day.

Diễn biến giá vàng thế giới những phiên giao dịch gần đây. Biểu đồ: Khương Duy
Developments in world gold prices in recent trading sessions. Chart: Khuong Duy

Gold price forecast

According to Kitco, world gold prices recovered after a plunge earlier this week as tensions in the Middle East showed signs of cooling down, but the outlook for the precious metal still largely depends on the interest rate policy of the US Federal Reserve (Fed).

After falling to a two-month low of around 4,490 USD/ounce in the previous session, spot gold prices rebounded above the 4,530 USD/ounce mark. The recovery took place at the same time as oil prices plummeted and US Treasury bond yields cooled down, helping to reduce pressure on the precious metals market.

New developments in the Strait of Hormuz are becoming a factor dominating investor sentiment. US President Donald Trump said that the US and Iran are moving closer to an agreement to end the conflict. At the same time, many super oil tankers have begun to leave the Persian Gulf to transport oil to Asia, raising expectations that maritime operations through Hormuz may soon normalize.

This information caused oil prices to fall sharply by nearly 6%, bringing WTI oil below $100/barrel. Energy-related inflationary pressure thereby eased, giving gold a chance to recover after many sell-off sessions.

However, analysts believe that the risks to gold have not completely disappeared. The minutes of the Fed meeting at the end of April show that many officials are still concerned that inflation will remain above the target threshold of 2%. Some members even left open the possibility of further interest rate hikes this year if price pressure does not cool down.

According to market data on interest rate options, traders are currently divided between the scenario of the Fed continuing to keep interest rates unchanged until the end of the year or increasing them again. This is forecast to cause gold prices to continue to fluctuate strongly in the near future.

Mr. Jim Wyckoff - senior analyst at Kitco Metals - said that the short-term trend of gold is being supported by falling bond yields and weakening the USD, but the role of safe-haven assets has somewhat declined as risk sentiment returns to the market.

Meanwhile, long-term factors are still positively assessed for the precious metal. The World Gold Council (WGC) said that global gold demand in Q1/2026 reached a record level of more than 1,230 tons, of which gold bar and gold coin demand increased sharply by 42% thanks to buying power from Asian investors.

J.P. Morgan also forecasts that central banks may buy about 755 tons of gold this year and still maintain the gold price target of 5,000 USD/ounce in Q4/2026.

Technically, experts believe that the 4,552-4,572 USD/ounce zone is an important resistance for gold. If successfully surpassed, the price may head towards the 4,600 USD/ounce mark.

Gold price data is compared to the previous day.

See more news related to gold prices HERE...

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