Gold price today July 21: The difference between buying and selling is the lowest in many years

Doji Group increased the price of SJC gold bars by VND200,000 per tael, buying at VND119.7 million and selling at VND121.2 million. Mi Hong Company increased the buying price by VND500,000 per tael, to VND120.2 million, while the selling price remained unchanged at VND121.2 million. Phu Quy Company kept the buying price unchanged at VND118.7 million and selling at VND121 million. Saigon Jewelry Company - SJC bought at VND119.7 million and sold at VND121.2 million (on the morning of July 21, the website of the largest gold company in the market was inaccessible). The difference between the buying and selling prices of SJC gold bars narrowed to VND1 - 1.5 million per tael.

Meanwhile, the price of gold rings did not change much. Doji Group bought 116.1 million VND, sold 118.6 million VND. Phu Quy Company bought 114.9 million VND, sold 117.9 million VND...

SJC gold bar price increased slightly at the beginning of the week. PHOTO: NGOC THANG

The world gold price jumped by 8 USD per ounce to 3,358 USD. Mr. Lukman Otunuga, senior market analyst at FXTM, forecasts that the gold price will fluctuate between the support level of 3,290 USD and the resistance level of 3,370 USD per ounce. Gold still maintains its upward momentum despite trade developments, pressure from US President Donald Trump to cut interest rates and strong data from the US economy . In the short term, the discord between President Donald Trump and Federal Reserve Chairman Jerome Powell could create volatility in the market.

Notable economic news this week includes the European Central Bank's monetary policy meeting, where economists expect the central bank to keep interest rates unchanged. Preliminary manufacturing data could also cause some market volatility during the week. Additionally, Fed Chairman Jerome Powell will deliver opening remarks at an event in Washington, DC; U.S. existing home sales; weekly jobless claims; S&P flash PMI data; new home sales; U.S. durable goods orders; and more.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-2172025-chenh-lech-mua-va-ban-thap-nhat-tu-nhieu-nam-nay-185250721085138468.htm

Source: https://baolongan.vn/gia-vang-hom-nay-21-7-chenh-lech-mua-va-ban-thap-nhat-tu-nhieu-nam-nay-a199130.html