Gold price on May 22: Gold bars and gold rings continue to increase strongly

In this morning's trading session, gold price Domestic brands moved in the same direction as the world trend, reaching the highest level in more than a week.

Specifically, at 10:00 a.m. on May 22, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 119.3-121.3 million VND/tael, an increase of 800,000 VND per tael for buying and 300,000 VND per tael for selling compared to the previous session. The difference between buying and selling was 2 million VND.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 10:00 on May 22.

SJC 9999 gold ring price is 112.5 million VND/tael for buying and 115.5 million VND/tael for selling; increased 500 thousand VND/tael for both buying and selling.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 119.3 million VND/tael and sold at 121.3 million VND/tael, an increase of 800 thousand VND/tael for buying and 300 thousand VND/tael for selling compared to the previous session.

This brand lists its prices at gold ring Doji Hung Thinh Vuong 9999 increased by 500 thousand VND per tael in both buying and selling prices compared to yesterday's closing price, buying and selling transactions were 113-115.5 million VND/tael, respectively.

PNJ Gold listed buying price at 113 million VND/tael and selling price at 115.5 million VND/tael, an increase of 1 million VND/tael for buying price and 500 thousand VND/tael for selling price compared to the previous session.

As of 10:00 a.m. on May 22 (Vietnam time), the world gold price increased by 49 USD/ounce compared to the previous session to 3,339.2 USD/ounce.

World gold price chart on May 22. (Photo: kitco.com)

World gold prices continue to increase in the context of the continuously weakening USD and increasing geopolitical tensions in the Middle East.

Besides, China's move also caused gold to skyrocket.

According to a report from brokerage SP Angel, demand for gold from China remains the main factor driving up gold prices. Data shows that the country's gold imports in April increased 73% compared to the previous month, reaching 127.5 tons, the highest in the past 11 months.

Gold prices are currently increasing quite strongly and are expected to continue to rise, especially in the context of concerns about trade tensions that have not ended.

Gold prices have been holding at moderately high levels recently as investors await signs of more trade and tariff deals, according to Daniel Pavilonis, senior market strategist at RJO Futures.

However, if positive news about trade deals emerges, gold may have difficulty reclaiming the $3,500/ounce mark in the short term, according to Tim Waterer from KCM Trade.

This morning, the USD-Index fell to 99.52 points; the yield on 10-year US Treasury bonds was at 4.594%; US stocks fell sharply; world oil prices fluctuated little, trading at 64.86 USD/barrel for Brent oil and 61.56 USD/barrel for WTI oil.

Source: https://baoquangninh.vn/gia-vang-ngay-22-5-vang-mieng-va-vang-nhan-tiep-da-tang-manh-3359287.html