Gold prices today, June 21st: Stable, awaiting new signals.

The US Federal Reserve (Fed) kept its target federal funds rate range unchanged at 3,5% - 3,75% at its meeting on Wednesday. The market is no longer focused on the possibility of a rate cut but is beginning to price in the risk that the Fed will raise interest rates in 2026.

This hawkish policy shift pushed the value of the US dollar and Treasury bond yields higher, reducing gold price despite persistent concerns about inflation and the situation in the Middle East.

According to experts, the current selling pressure on gold is more risk-averse than a panic sell-off. Laurence Booth, Global Head of Markets at CMC Markets, stated that the current drop in gold prices is less of a sell-off. He noted that the decline has been relatively orderly, even though gold has lost over $200 in just a few days.

Mr. Booth emphasized that the more important signal now is the demand for physical gold. The weakening of gold premiums in China and other major markets has removed a crucial source of support for gold prices.

This leaves gold lacking its own momentum, unless the macroeconomic outlook shifts back toward lower interest rates or new tensions emerge in the market.

Gold price movements today

+ Domestic gold prices

At 6:6 AM on June 21th, gold price Gold bars at Doji and SJC are listed at 144,2 million VND/ounce (buy) - 147,2 million VND/ounce (sell), an increase of 500.000 VND/ounce (buy - sell) compared to the previous trading session.

Meanwhile, the price of gold rings is currently listed by Doji at 144,2 million VND/ounce (buy) - 147,2 million VND/ounce (sell), an increase of 500.000 VND/ounce (buy - sell) compared to the previous trading session.

+ International gold prices

The world gold price listed on Kitco is $4.154 per ounce, unchanged from early yesterday morning.

Gold price forecast

In the short term, analysts believe that gold prices will continue to be primarily influenced by bond yield movements, the US dollar, and further signals from the Fed. With the market still prioritizing interest rate expectations over recession fears, a strong rebound in gold prices may continue to face numerous challenges.

In a newly released report, Barclays experts suggest that the recent price drop is primarily due to short-term factors such as a strengthening US dollar, rising US bond yields, and a booming stock market, causing a temporary shift of funds away from gold.

In addition, profit-taking by investors and the sale of gold reserves by some central banks are also putting further pressure on the price of the precious metal.

Barclays currently estimates the fair value of gold at around $4.150 per ounce and expects prices to recover as the effects of tensions with Iran gradually subside.

The bank also believes that the US dollar is likely to resume its weakening trend, while demand for gold from central banks remains stable.

Based on that, Barclays maintains its gold price forecast for 2026 at $4.791 per ounce and for 2027 at $4.900 per ounce.