World gold and silver prices moved in opposite directions on the morning of May 22nd.

SKĐS - Spot gold prices hovered around $4,542.40 per ounce, down 0.04%, while spot silver prices were at $76.655 per ounce, up 1.03% during the May 21st trading session in the US (morning of May 22nd in Vietnam time).

Gold and silver are moving in opposite directions as the decline in crude oil prices and US Treasury yields offset the impact of the appreciating US dollar.

The Strait of Hormuz continues to be a key geopolitical focal point for oil, interest rate, and gold markets. However, Thursday's trading session saw a partial decline in market "risk premiums."

According to analysts, negotiations between the US and Iran are believed to be nearing an agreement, although many obstacles remain related to Iran's uranium stockpiles and Tehran's stance on the possibility of implementing a toll system in the Strait of Hormuz. President Donald Trump has stated that the Strait of Hormuz should be maintained as a free international shipping lane without tolls.

World gold prices remain stable around $4,500 (illustrative image).

Current market developments are not providing much impetus for gold's role as a safe-haven asset, but are supporting the precious metal through falling oil prices and bond yields. In other markets, the most noticeable impact is the decline in energy prices, weakening of energy stocks, while the overall stock market is rising and inflationary pressures are easing.

On the open market, WTI crude oil prices on the Nymex fell and stabilized around $96.35 per barrel, while Brent crude remained near $102.58 per barrel. The US dollar index rose, and the yield on 10-year US Treasury bonds traded around 4.6%.

Technically, the next upside target for buyers in the spot gold market is to push the price back above the resistance zone of $4,550 - $4,600 per ounce. If successful, the next targets would be $4,660 and $4,680 per ounce.

Conversely, the short-term target for sellers is to push the price below $4,489.30 per ounce, before heading towards deeper support zones at $4,470 and $4,370 per ounce.

The nearest resistance level is currently at $4,550, followed by $4,600, while the nearest support is at $4,530 and $4,489.30 per ounce.

For spot silver, the next upside target for buyers is to push the price above the resistance zone of $77.24 - $78.00 per ounce. If successful, the next targets would be $79.00 and $85.00 per ounce. Meanwhile, sellers are aiming to push the price below $76.14 per ounce, before targeting deeper support zones at $75.19 and $74.63 per ounce.

The nearest resistance levels are identified at $77.24 and $78.00 per ounce, while the nearest support levels are at $76.14 and $75.19 per ounce.

Source: https://suckhoedoisong.vn/gia-vang-bac-the-gioi-dien-bien-trai-chieu-sang-22-5-169260522070509608.htm