In the domestic market, at the end of the session on June 21, the price of SJC gold bars was traded at 117.4-119.4 million VND/tael (buy - sell), unchanged from the previous session.

The price of 1-5 chi gold rings of SJC is listed at 113.7-116.2 million VND/tael (buy - sell), an increase of 200,000 VND/tael; the price of 9999 gold rings at Doji is at 114.5-116.5 million VND/tael, an increase of 500,000 VND/tael compared to the previous session's closing price.

The global gold market continued to record profit-taking activities. Investors quickly liquidated some long positions when prices could not maintain a three-month high above $3,400/ounce.

Gold prices edged up in late trading on Friday. The conflict between Israel and Iran has boosted safe-haven demand, with investors turning to gold as a hedge against risk amid turmoil and instability in the Middle East.

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World gold price drops. Photo: Thach Thao

“It makes sense to hold some gold over the weekend,” said Philip Streible, chief market strategist at Blue Line Futures. “It helps investors sleep better at night. If you don’t know what’s going to happen in the future, it makes sense to hold assets like gold.”

Analysts say the Middle East conflict is still under control. US President Donald Trump announced on Thursday that he would give Iran two weeks to reach an agreement on the development of its nuclear industry.

However, experts warn that tensions remain high and any developments that threaten the global oil supply chain would have a negative impact on the world economy .

Despite the complex short-term geopolitical developments, analysts remain bullish on gold. US monetary policy remains a key support factor.

The US Federal Reserve maintained its neutral stance this week, leaving interest rates unchanged on Wednesday. However, many analysts believe it is only a matter of time before the central bank is forced to cut rates.

In principle, the prospect of lower US interest rates remains a supportive factor for gold, even if it is unlikely to lead to another sharp rally, said Thu Lan Nguyen, head of FX and Commodities Research at Commerzbank.

At the end of the week, spot gold prices were at $3,364.7/ounce, down nearly 2% for the week. Gold futures for August 2025 delivery on the Comex New York floor traded at $3,364/ounce.

Gold Price Forecast

Gold remains in a long-term uptrend, reasserting its position as a key currency asset in global markets, according to Christopher Vecchio, Head of Futures & Forex at Tastylive. Speculative positioning suggests some short-term challenges for the metal.

“It’s hard to see gold sustaining a break above $3,400 when everyone is already bullish on the metal,” he said. Gold has everything going for it, but it still hasn’t broken new highs.

Fawad Razaqzada, market analyst at City Index and Forex, said that while weakness is creeping into the gold market, it is not the time to short the metal.

"The trend remains bullish, with key support levels still holding. Therefore, it is too early to declare the end of the gold bull trend, as tensions in the Middle East could escalate again," he noted.

In the current environment, Razaqzada said the first support level is around $3,350 an ounce. “Below $3,350, the next downside target is $3,300. On the resistance side, $3,400 remains the key level to watch on the upside,” he added.

Source: https://vietnamnet.vn/gia-vang-hom-nay-22-6-2025-vang-nhan-tang-nua-trieu-dong-2413710.html