Gold price on Kitco floor at 9:00 p.m. (December 26, Vietnam time) was trading at 2,623.3 USD/ounce, up 0.24% compared to the beginning of the session. Gold futures price for February 2025 delivery on Comex New York floor was trading at 2,625.5 USD/ounce.

At the beginning of the trading session on December 26 (US time), the world gold price increased slightly after the US announced that the number of weekly unemployment benefit applications reached 219,000, a slight increase compared to the forecast of 218,000 applications. This further strengthened the possibility that the US Federal Reserve (Fed) will delay monetary policy next year.

The global gold market is still under pressure in the context of the Fed's reversal of monetary policy. Accordingly, in the context of "persistent" inflation, the US Central Bank's interest rate cut roadmap may slow down next year.

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World gold prices increased slightly after the US announced data on unemployment benefits applications: Photo: HH

Although the interest rate stance is boosting the US dollar and bond yields, experts still say that will not stop investors from owning gold in their portfolios.

Tom Bruce, macro investment strategist at Tanglewood Total Wealth Management, predicts the price of the precious metal will rise about 10% next year and stay below $3,000 an ounce.

The biggest short-term challenge for gold in 2025 is the forecast strong growth in the US economy , he said. However, gold prices will still be maintained as gold purchases by central banks create new momentum in the market.

Many analysts say central banks have not stopped buying gold as they diversify their portfolios. While gold prices may grow more slowly next year than they did in 2024, they are still an important asset for investors to own.

In the domestic market, at the end of the session on December 26, the price of 9999 gold bars at SJC was VND82.5 million/tael (buy) and VND84.5 million/tael (sell). Doji listed it at VND82.3 million/tael (buy) and VND84.3 million/tael (sell).

SJC announced the price of gold rings of type 1-5 at only 82.5-84.3 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 83.3-84.3 million VND/tael (buy - sell).

Gold Price Forecast

According to the forecast of Milling-Stanley Company, a subsidiary of State Street Financial Group, in 2025, the price of gold has a 50% chance of being in the range of 2,600-2,900 USD/ounce. In addition, there is a 30% chance of the price increasing to 2,900-3,100 USD/ounce and a 20% chance of decreasing to around 2,200-2,600 USD/ounce.

Many other international financial institutions also predict that gold prices will increase in 2025. UBS Bank predicts that spot gold prices could reach $2,900/ounce. Meanwhile, Goldman Sachs Bank is more optimistic, saying that gold prices are likely to reach $3,000.

Gold price forecast 2025 may reach 93 million/tael, when to choose to invest?

Gold price forecast 2025 may reach 93 million/tael, when to choose to invest?

Experts predict that the price of gold rings will increase to 90 million VND/tael, and SJC gold may increase to 92-93 million VND/tael in 2025. So, when is a good time to "put money down" to buy gold?
Gold ring price increased sharply to 84.5 million VND/tael

Gold ring price increased sharply to 84.5 million VND/tael

The price of domestic gold rings today (December 23) increased sharply, with some brands increasing by up to 700,000 VND/tael. SJC gold bars also increased rapidly.
Gold price forecast for the next 10 days: Being 'stuck', which door will help gold break out?

Gold price forecast for the next 10 days: Being 'stuck', which door will help gold break out?

World gold is "bogged down" by the monetary policy announced by the Fed last week, only political instability can make gold recover. Domestically, plain rings and SJC bars fluctuate according to world gold prices.