Today's world gold price, as listed on Kitco, is $2,715.28 per ounce, an increase of $42.55 per ounce, or 1.59%, compared to yesterday.
This increase is driven by rising demand for safe-haven assets amid ongoing tensions between Russia and Ukraine.
Thus, gold prices rose 6% last week, reaching a two-week high of $2,715.28 per ounce, after opening at $2,567 per ounce. This was gold's first weekly gain after three consecutive weeks of declines, pushing prices to a two-month low of $2,536 per ounce.
According to Gold Bullion economists , gold has recovered more than half of its previous losses in just one week.
Gold prices in both Vietnam and the world continued to rise today. (Illustrative image).
Gold achieved five consecutive days of gains, surpassing $2,700 per ounce and closing the week near $2,716 per ounce. On Friday alone, gold recorded a 1.8% increase, reflecting strong market momentum.
The rise in gold prices is due to escalating geopolitical tensions between Russia and Ukraine, raising the risk of a wider conflict. Gold is often considered a safe haven amid geopolitical tensions, economic risks, and a low-interest rate environment.
In the US, markets are closely watching Donald Trump's cabinet appointments. The Trump administration's cabinet is beginning to take shape. In addition, investors are interested in other proposals from Trump.
Gold price movements today
+ Domestic gold prices
At 6:00 AM on November 24th, the price of gold bars at Doji was listed at 85.6 million VND/ounce for buying and 86.6 million VND/ounce for selling, an increase of 200,000 VND for buying and 100,000 VND for selling compared to the beginning of yesterday morning.
The price of SJC gold is at 85.7 - 87 million VND/ounce for buying and selling. Compared to yesterday, the price of SJC gold bars has increased by 400,000 VND for both buying and selling.
+ International gold prices
World gold prices listed on Kitco are at $2,715.28 per ounce, up $42.55 per ounce, or 1.59%, from yesterday. Gold futures last traded at $2,718 per ounce.
Gold price forecast
From its peak of $2,800 per ounce, gold lost as much as 9% in just three weeks. The precious metal halted the sell-off with a 5% gain, rising back above $2,700 per ounce.
Experts believe this recovery is due to significant demand for safe havens as the Russia-Ukraine conflict escalates.
Solita Marcelli, Head of Investment for the Americas at UBS Financial Services, noted that the significant increase over the past week has reaffirmed gold's position as a favored hedge against geopolitical tensions.
Gold's renewed upward momentum could pave the way for the precious metal to conquer new record highs. Therefore, some experts predict that the price of gold could reach $3,000 per ounce next year.
Meanwhile, Alex Ebkarian, CEO of Allegiance Gold, believes that with ongoing policy changes and inflation risks from US President-elect Donald Trump's proposed trade tariffs, the outlook for gold remains strong, forecasting that the precious metal will test the $2,750 level by mid-December.
Source: https://vtcnews.vn/gia-vang-hom-nay-24-11-trong-nuoc-va-the-gioi-tiep-tuc-tang-ar909260.html
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