Specifically, at 10:00 a.m. on July 21, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 119.7-121 million VND/tael, unchanged from the closing price yesterday. The buying and selling difference was 1.5 million VND/tael.
The price of SJC 9999 gold ring is 114.2 million VND/tael for buying and 116.7 million VND/tael for selling, unchanged from yesterday's closing price.
DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 119.7 million VND/tael and sold at 121.2 million VND/tael, an increase of 200,000 VND compared to the previous session.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 116.1-118.6 million VND/tael. The buying and selling difference is 2.5 million VND/tael.
PNJ Gold is currently buying at 115.1 million VND/tael and selling at 118 million VND/tael, an increase of 400,000 VND compared to the previous session.
As of 10:00 a.m. July 21 (Vietnam time), gold price World prices increased by 7.2 USD compared to the previous session's close to 3,355.1 USD/ounce.
World gold prices last week stabilized above $3,300 as gold is still considered a safe asset during times of economic instability.
Gold is currently trading in a narrow range, with support at $3,290 and resistance at $3,370 an ounce, according to Lukman Otunuga, senior market analyst at FXTM. Amid escalating trade tensions, pressure from President Trump to cut interest rates and strong U.S. economic data, gold lacks clear momentum to break out.
For his part, Sean Lusk, director of commercial hedging at Walsh Trading, said that the tension between President Donald Trump and Fed Chairman Jerome Powell is the main factor helping gold prices stay at current high levels despite the market seemingly ready for a correction.
In the short to medium term, Mr. Lusk is skeptical that the precious metal will rally much, citing that central banks have been buying for more than two years, but with the stock market performing better than expected, they may not necessarily continue to buy.
James Stanley, senior market strategist at Forex.com, said: “Bulls are not out of the woods yet. Prices have stalled around $3,350/$3,362 but there is no evidence yet that bears can take over the market in the long term.
Stanley predicts: With the FOMC meeting next week, I think we will see the market prepare for the Fed to lay the groundwork for a rate cut in September, so gold prices will continue to inch up this week.
Fifteen Wall Street analysts participated in the Kitco News Gold Survey this week. Eight, or 53%, see gold prices rising this week; one analyst, or 7%, sees prices falling; and six, or 40%, are neutral.
Meanwhile, Main Street retail investors also increased their confidence in gold prices this week after a week of skepticism. 138 retail traders, or 62 percent, predicted gold prices would rise; while 38 investors, or 17 percent, predicted the precious metal would fall; the remaining 47 investors, or 21 percent, said gold prices would move sideways.
This morning, the USD-Index increased to 98.43 points; the yield on 10-year US Treasury bonds was at 4.425%; US stocks and oil prices both fell due to tariff concerns, Brent oil traded at 69.36 USD/barrel, WTI oil at 66.17 USD/barrel.
Source: https://baoquangninh.vn/gia-vang-ngay-21-7-vang-mieng-sjc-neo-o-muc-cao-121-2-trieu-dong-luong-3367730.html
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