Gold price today May 25: Contrary to all predictions, will it continue to surprise?

On Sunday morning, May 25, the price of SJC gold bars was commonly listed by businesses at around 119 million VND/tael for buying and 121 million VND/tael for selling, an increase of 2.5 million VND/tael compared to the end of last week.

The price of 99.99 gold rings and jewelry gold is also traded by many businesses at around 113.5 million VND/tael for buying and 116 million VND/tael for selling, increasing again by 2 million VND/tael.

Domestic gold prices unexpectedly reversed after plunging last week. With this development, gold prices not only went against forecasts and expectations of many investors to continue to decline, but are also heading towards the record peak of 124 million VND/tael set last month.

Precious metals are making waves in the domestic market, due to the influence of the increase in world gold prices.

Gold price today is forecast to continue to increase

In the international market, the price of gold closed the trading week at 3,356 USD/ounce, up 155 USD/ounce compared to the end of last week (about 4.9 million VND/tael). Thus, the price of gold not only recovered what it had decreased last week but also increased more strongly.

Gold prices this week also went against forecasts with the assessment that "it is difficult to increase strongly in the short term". With this unexpected development, both analysts and investors believe that the precious metal will continue to be positive next week, according to Kitco.

Specifically, in a survey on Wall Street, 16 analysts participated in the survey, of which 81% said that gold prices will continue to increase, only 19% predicted that gold prices will decrease and no one said that gold prices will go sideways.

Similarly, an online survey on Main Street showed that 245 investors responded, in which the number of opinions predicting gold prices to increase was also overwhelming with 63% of respondents saying that gold prices will decrease, 21% saying that gold prices will decrease and the remaining 15% saying that gold prices will go sideways.

SJC gold bar price increased continuously last week

According to analysts, gold prices continue to benefit from many factors in the international market, from the USD stopping its rise for 4 consecutive weeks and falling again, geopolitical tensions in many regions have not yet subsided. Most recently, the US President's move to possibly impose high tariffs on imported goods from the EU... all support the increase in gold prices.

Although the price of gold is increasing rapidly, the demand for investment as a safe haven continues to help this precious metal set higher milestones in the coming time. Currently, the world gold price converted according to the listed exchange rate is about 105.8 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-25-5-nguoc-moi-du-bao-se-tiep-tuc-gay-bat-ngo-196250525084418524.htm