Gold price today (May 26): Reverses course and rises sharply.

Today, May 26th, gold prices, including SJC gold and gold rings, have surged again compared to the previous day. Meanwhile, world gold prices continue their upward trend, heading towards the $4,600/ounce mark.

Gold prices rose sharply today, May 26th.

Gold prices today, May 26th, surged again in the early morning after several days of sharp declines and stagnation. Specifically, the selling price of SJC gold bars increased sharply by 500,000 VND/ounce compared to early yesterday morning, reaching 162 million VND/ounce.

For gold rings, several major brands, including Bao Tin Manh Hai, Bao Tin Minh Chau, and Doji , also simultaneously increased the price by 500,000 VND/ounce compared to yesterday morning, reaching a selling price of 162 million VND/ounce.

Experts believe that global gold prices continue to lead domestic gold prices. Gold is benefiting from a combination of geopolitical factors and expectations of more accommodative monetary policy. It is predicted that domestic gold prices may continue to rise slightly today, following the trend of the global market.

Gold prices today, May 26th, saw a sharp increase in the early morning hours, with both SJC gold bars and gold rings rising sharply.

As of 6:15 AM on May 26th, at Bao Tin Manh Hai, the price of SJC gold bars was trading at 159 - 162 million VND/ounce (buy - sell), a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The buy-sell spread was 3 million VND/ounce.

The price of SJC gold bars at Doji Group in Hanoi and Ho Chi Minh City is trading around 159 - 162 million VND/ounce (buy - sell), a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The buy-sell spread is 3 million VND/ounce.

At Bao Tin Minh Chau, SJC gold is trading at 159 - 162 million VND/ounce (buy - sell), a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The difference between the buying and selling prices is 3 million VND/ounce.

SJC gold bars at Phu Quy are trading around 159 - 162 million VND/ounce (buy - sell), a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The buy-sell spread is 3 million VND/ounce.

Additionally, the price of SJC gold at Phu Nhuan Jewelry (PNJ) is trading at 159 - 162 million VND/ounce (buy - sell); the price of SJC gold bars in Hanoi at Asean Jewelry is trading at 159 - 162 million VND/ounce (buy - sell);...

For gold rings, the price of round gold rings in blister packaging at Bao Tin Manh Hai is trading around 159 - 162 million VND/ounce, a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The buy-sell spread is 3 million VND/ounce.

The price of plain gold rings at Bao Tin Minh Chau is trading at 159 - 162 million VND/ounce (buy - sell), a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The difference between the buying and selling price is 3 million VND.

The price of Doji Hung Thinh Vuong 9999 gold rings from Doji Group in Hanoi is trading at 159 - 162 million VND/ounce, a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The difference between the buying and selling price is 3 million VND.

Today, the price of 999.9 pure gold rings at Phu Quy Company is trading around 159 - 162 million VND/ounce, a sharp increase of 500,000 VND/ounce in both buying and selling prices compared to the same time yesterday. The buy-sell spread is 3 million VND/ounce.

World gold prices are heading towards the $4,600/ounce mark.

The spot price of gold in the Asian market at 6:15 AM today, May 26th (Vietnam time), was trading around $4,578 per ounce, up $2 per ounce compared to the same time yesterday and up approximately $22 per ounce compared to early yesterday afternoon.

Source: Trading Economics

According to Kitco News, the recent gold sell-off increasingly resembles mandatory government liquidity management, while slowing growth could force central banks to return to loose monetary policies, fueling the next phase of the long-term bull market.

Stephen Innes, managing partner at SPI Asset Management, said the outbreak of war in Iran has caused gold prices to trade "more like a market stuck in a temporary margin call from the physical world" than an asset that has lost its upward momentum.

"The panic that swept through the gold market after the Strait of Hormuz shock wasn't actually due to investors suddenly losing faith in gold. The main issue was liquidity. Oil prices soared, shipping lanes were congested, inflation expectations spread throughout the system like a burst gas pipeline in the financial district, and central banks across energy-importing nations suddenly struggled to find dollar liquidity just to maintain domestic stability," Innes said.

According to Innes, when the market focuses on higher yields, leading to the divestment of non-yielding assets, investors may have overlooked the bigger picture.

"Gold initially fell sharply under the weight of rising real yields and government bond liquidation flows. But that's often how crisis cycles play out in the opening phase. The first phase is inflationary panic. The second is growth damage. And the third is when central banks begin quietly returning to accommodative policies as the economic engine begins to rebound strongly after the previous shock," Innes analyzed.

He also argued that, historically, gold has often performed best not during the first inflationary surge, but when policymakers realize they cannot fully normalize the damage without undermining growth, credit, and employment within the system.

According to the expert, the recent gold price correction "is increasingly resembling a cleansing event rather than the collapse of a long-term bull market," adding that it has helped weed out weak buyers and short-term bull traders.

"The speculative euphoria has been dampened by the oil shock and the surge in yields. What remains underneath is a much more robust structural foundation, tied to the diversification of national reserves, insufficient investment in the physical economy, geopolitical fragmentation, and a return to more accommodative monetary policy as the slowdown in growth becomes undeniable," Innes observed.

Mr. Innes also stated that the market is still trying to analyze gold through the historical relationship between yields and non-yielding assets. And gold always performs best when investors stop believing that policymakers can completely control the consequences of the systems they have built.

Source: https://danviet.vn/gia-vang-hom-nay-26-5-dao-chieu-tang-manh-d1429644.html