5 factors that can have a big impact

What will the price of gold be like in 2025, considering the influence of global gold prices on domestic monetary policy? There are five key factors that will impact gold price trends.

According to experts from the Banking Academy, there are five factors that will affect domestic gold prices in 2025. Specifically:

Firstly , the global gold price. Although gold speculation in the country has been tightly controlled, domestic gold prices are still heavily influenced by the international market.

According to forecasts by the World Gold Council (WGC), world gold prices could continue to rise in 2025, fluctuating between $2,900 and $3,000 per ounce, due to major central banks tending to cut interest rates and increase gold reserves. If the difference between domestic and international gold prices does not change significantly, domestic gold prices could increase by about 7-8% next year.

Domestic gold prices remain heavily influenced by the international market. (Illustrative image)

Secondly , the volatility of the US dollar. The US dollar has an inverse relationship with the price of gold. When the US dollar weakens due to loose monetary policy from the Federal Reserve (Fed), international gold prices tend to rise, pulling domestic gold prices up as well. Conversely, if the USD appreciates sharply, gold prices may be under downward pressure. In addition, the USD/VND exchange rate also affects the cost of importing gold, thereby impacting domestic gold prices.

Thirdly , monetary policy and gold market management. The interest rate and money supply policies of the State Bank of Vietnam play a crucial role in regulating gold prices. If deposit interest rates increase, people may shift their capital from gold to savings accounts, reducing demand for gold.

Conversely, if interest rates are low, money may flow strongly into gold as a safe haven. In addition, measures to control gold imports, regulate supply, and manage the price difference between domestic and international gold will contribute to stabilizing the market.

Fourth , domestic demand for gold. Vietnam is one of the countries with the highest gold consumption in Southeast Asia. Amid inflation and economic volatility, the demand for gold among the population tends to increase, driving up gold prices. In particular, the growth of the middle class also contributes to the trend of accumulating gold as a safe-haven asset.

Fifth , correlation with other investment channels. The price of gold is generally inversely related to the stock market, real estate, and savings interest rates. When these investment channels become less attractive due to increased risk or decreased liquidity, money tends to shift towards gold.

In 2025, the Vietnamese stock market is expected to flourish, while the real estate market may enter a new growth cycle. If these investment channels recover strongly, the price of gold could face downward pressure.

Predicting gold prices is always a challenge, but monitoring the factors above will help investors make more informed decisions in 2025.

Source: https://congthuong.vn/gia-vang-2025-5-yeu-to-co-the-gay-tac-dong-lon-379738.html