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Gold price today July 21: Gold bars accelerate – what should investors choose?

(Baohatinh.vn) - Gold price today, July 21: Domestic gold price approaches peak of 121.3 million VND/tael. World gold price increases to 3,350 USD/ounce amid expectations of Fed keeping interest rates, weak USD and geopolitical tensions.

Báo Hà TĩnhBáo Hà Tĩnh21/07/2025

Domestic gold price today

Gold prices on the morning of July 21 are forecast to approach a new peak of VND121.3 million/tael. Analysts expect the upward momentum to continue this week.

At the end of the session on July 20, the price of SJC gold bars was listed at 119.7 million VND/tael (buy) and 121.2 million VND/tael (sell), an increase of 200 thousand VND/tael in both directions.

Mi Hong listed the buying price at 120.2 million VND/tael (up 400 thousand VND/tael) and the selling price at 121.2 million VND/tael (up 200 thousand VND/tael).

Vietinbank Gold listed the selling price at 121.2 million VND/tael, recording an increase of 200 thousand VND/tael.

gold-price-today-5-29-0716.jpg

Meanwhile, DOJI Group maintained a sideways trend, listed at VND 119.5 million/tael (buy) and VND 121.0 million/tael (sell).

At PNJ, the price of gold bars continues to maintain at 114.7 million VND/tael (buy) and 117.6 million VND/tael (sell).

Bao Tin Minh Chau listed gold price at 119.5 million VND/tael (buy) and 121.0 million VND/tael (sell).

Phu Quy Gold and Gemstone Group also maintained a sideways trend for gold bar prices, listed at VND118.4 million/tael (buy) and VND121.0 million/tael (sell).

Regarding the price of gold rings, SJC 99.99% gold rings are currently listed at 116.7 - 116.8 million VND/tael for sale, and 114.2 million VND/tael for purchase.

Bao Tin Minh Chau's gold ring price is currently at 116.1 million VND/tael for buying and 119.1 million VND/tael for selling, unchanged from the previous session.

Phu Quy gold ring price continues to remain at 114.8 million VND/tael for buying and 117.8 million VND/tael for selling.

The price of 9999 Hung Thinh Vuong round gold ring at DOJI is listed at 115.9-118.4 million VND/tael (buy - sell).

World gold price today

In the latest Kitco News survey, experts and investors are divided on where gold is headed next. One side expects prices to continue rising on the back of supportive macro factors, while the other side is cautious about the possibility of a sideways or mild correction. This split reflects a clear reality: gold is at a crossroads between expectations and risk.

Darin Newsom, senior market analyst at Barchart.com, remains bullish: “Nothing has changed. There is still a lot of uncertainty, and the next Federal Open Market Committee (FOMC) meeting is coming up.” He said the Fed funds futures curve shows a high probability of interest rates remaining unchanged at least through October, a positive factor for gold.

Sharing the same positive view, Chairman and CEO of Asset Strategies International, Rich Checkan, said that geopolitical concerns in the Middle East, Europe, and the weakening trend of the US dollar are strong catalysts pushing gold prices up. “All of these factors create a clear wave of support for gold,” he emphasized.

James Stanley, market strategist at Forex.com, also said that the market has not shown signs of selling dominance. According to him, gold prices are responding positively to technical support levels, especially around the $3,350-$3,362/ounce area. “I expect gold to continue to rise ahead of the upcoming FOMC meeting, where the Fed may lay the groundwork for a rate cut in September.”

Analysts at Commerzbank were more cautious, saying that despite the dollar weakening significantly against the euro, gold prices have failed to break out of the $3,400/ounce range. “This could be a sign that the market is losing confidence in the gold price outlook. Investment flows appear to be shifting to other precious metals such as silver, platinum and palladium,” the report said.

Adrian Day, president of Adrian Day Asset Management, also believes that the Fed will not be in a hurry to cut interest rates, especially when Chairman Jerome Powell still maintains a "hawkish" view on inflation. "I see three reasons why Powell is reluctant to loosen policy: uncontrolled inflation, great economic uncertainty, and political pressure from the White House," he analyzed.

Despite calls from politicians to cut interest rates, Powell will be careful to protect the Fed’s independence, Day said. “If you’re the head of a central bank and you’re publicly criticized and asked to cut interest rates, your instinct is to fight back. But the most important thing is to protect the honor and reputation of the institution,” he stressed.

From a long-term perspective, Adrian Day said that gold is still holding “incredible resilience” every time it falls, showing that hidden buying power is still very strong. “We haven’t seen the big money coming in, which usually happens when the economy is really weak, interest rates are low and the Fed is forced to loosen. When that happens, gold prices can really explode.”

However, he also warned that in an optimistic scenario for the global economy, such as the signing of a series of trade agreements, the situation in the Middle East easing, the US dollar strengthening and the Fed keeping interest rates, gold could completely adjust.

The common point of many experts is that they do not believe in the scenario of gold prices reversing and falling sharply. Instead, the precious metal market will likely continue to maintain a high price range, fluctuating within a narrow range until there are clearer signals from the Fed and the macroeconomic situation.

Amid geopolitical tensions, a weak US dollar and debates surrounding the Fed’s monetary policy, gold continues to be a “mirror” reflecting the expectations and fears of global investors. Although a clear trend cannot be confirmed in the short term, gold remains a safe haven amid the current financial market turmoil.

Recorded at 9:01 p.m. (Vietnam time) on July 20, the world spot gold price on the Kitco exchange was at 3,347.90 - 3,350.70 USD/ounce, up 9.60 USD (equivalent to 0.29%) compared to the previous session.

Source: https://baohatinh.vn/gia-vang-hom-nay-217-vang-mieng-tang-toc-nha-dau-tu-nen-chon-gi-post292112.html


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