Gold price today, July 25: Continues to plummet

(NLDO) – Gold prices today, July 25, continued to decline, due to a wave of profit-taking from investors, putting this precious metal market under great pressure.

Gold price today has not stopped falling

Gold price today dropped sharply due to profit taking

At 6:00 a.m. on July 25 (Vietnam time), the spot gold price on the international market fell to $3,368/ounce, down $17 from the peak of $3,385/ounce in last night's trading session. Meanwhile, the August gold futures price also fell $19.5 to $3,378/ounce.

The main driving force pushing gold prices down is the wave of profit-taking from investors, putting great pressure on the precious metal market.

Improved investor risk appetite in financial markets has added negative pressure on safe-haven assets such as gold. Analysts say market sentiment is shifting towards riskier assets such as stocks, reducing the appeal of the precious metal.

Impact from external market

External factors also contributed to shaping the gold price trend. The US dollar index (DXY) rose slightly, putting pressure on gold prices due to the inverse relationship between the two assets. Meanwhile, crude oil futures rose, trading around $66.25 a barrel, reflecting steady energy demand. The 10-year US Treasury yield is currently at 4.4%, indicating that interest rate expectations will remain high, reducing the appeal of non-yielding gold.

Gold price trend forecast

Analysts predict that the downward trend in gold prices may not stop if profit-taking pressure continues to increase. However, gold is still considered a safe haven in the long term, especially in the context of global economic and geopolitical instability. Investors need to carefully monitor upcoming economic data, especially inflation and interest rate policy from the US Federal Reserve (Fed), to predict the next development of gold prices.

In Vietnam, at the end of July 24, SJC gold was sold at 122.7 million VND/tael, while ring gold was at 117.5 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-25-7-tiep-tuc-lao-doc-196250725062905976.htm