Gold price today, July 21: Increased both domestically and internationally

Updated SJC gold price

As of 9:30 a.m., DOJI Group listed the price of SJC gold bars at VND 119.7-121.2 million/tael (buy in - sell out), an increase of VND 200,000/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 119.7-121.2 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both directions. The difference between buying and selling prices is at 1.5 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 118.721 million VND/tael (buy in - sell out), unchanged in both directions. The difference between buying and selling prices is at 2.3 million VND/tael.

9999 round gold ring price

As of 9:30 a.m., DOJI Group listed the price of gold rings at 116.1-118.6 million VND/tael (buy in - sell out), an increase of 200,000 VND/tael in both directions. The difference between buying and selling is 2.5 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 116.3-119.19.3 million VND/tael (buy - sell), an increase of 200,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

Phu Quy Gold and Stone Group listed the price of gold rings at 114.9-117.9 million VND/tael (buy - sell), an increase of 100,000 VND/tael in both directions. The difference between buying and selling is 3 million VND/tael.

The buying-selling gap is pushed up too high, increasing the risk for individual investors. Personal investors, especially those with a "surfing" mentality, need to consider carefully before putting money down.

World gold price

At 9:30 a.m., the world gold price was listed around 3,355.9 USD/ounce, up 8 USD/ounce.

Gold price forecast

Rich Checkan - Chairman and CEO of Asset Strategies International - has a more optimistic view. He predicted that gold prices will continue to increase due to global political and economic factors.

Federal Reserve Chairman's concerns about the fate, tensions in the Middle East, Far East and Europe, along with a clear weakening of the US dollar, are all in the favor of gold prices, he said.

James Stanley, senior market strategist at Forex.com, also agreed with this view and believes that gold will continue to increase in price in the coming time.

Gold has reacted strongly to the support from the trend line this week, so I think buyers have not given up yet. Although there is a stop around 3350/3362, I have not seen any evidence that sellers can dominate," said Stanley.

Meanwhile, Adrian Day - Chairman of Adrian Day Asset Management - said that the Federal Reserve will continue to fight against interest rate cut requests. He said the main reason was that inflation was not yet controlled, and maintaining high interest rates would be a reasonable choice if the labor market remained stable.

The expert also shared that Powell and the Fed Chairman will not cut interest rates as the economy is still facing many uncertainties.

Adrian Day's forecast for gold prices is also quite positive. He believes that if the real economy weakens as he predicts, gold prices will continue to remain high and attract more buyers: " Basically, gold seems to be very resilient in price reduction, which shows that many buyers are waiting."

Meanwhile, Marc Chandler - CEO of Bannockburn Global Forex - also expressed optimism about gold prices in the coming time. I like gold to increase in the coming days, he said. I suspect the US short-term interest rate adjustment and the USD's reversal is almost over. The gold metal has not traded above $3,400 for about a month, and a break above this threshold will confirm my speculation."

However, Sean Lusk - co-head of Walsh Trading - emphasized that the tension between US President Donald Trump and FED Chairman Jerome Powell is the main factor that has kept gold prices at the current high level.

Lusk also said that there are no geopolitical events strong enough to push gold prices higher, and gold prices may correct in the coming time.