World gold price continues to maintain impressive momentum from 2024 to 2025. Up to the present time, gold price has increased by nearly 11% in 2025, reaching US $ 2,900/ounce in the international market on the day of the day. 10.2.
According to Kitco, the world gold price recorded at 4:00 am today (11.2) Vietnam time delivered spot at 2,900.48 USD/ounce, up 39.65 USD compared to yesterday (10.2).
Unlike 2024, when gold price increases thanks to the buying force from central banks and investment demand, the increase in gold price in 2025 is mainly affected by escalated trade tensions initiated by US President Donald Trump. .
Trump's new tariff threats caused investors to leave the stock market and find gold as a safe shelter.
In addition, the possibility that the US Federal Reserve (Fed) cut interest rates is also a factor to support gold price.
According to G. Chokkalingam, founder and research head at Equinomics Research, if the Fed reduces interest rates, this can create an environment for reduction and indirectly beneficial for gold. Although the Fed is suspending the adjustment of monetary policy, it is unclear how long they can keep this stance.
Gold price is being supported by trade tensions and the uncertainty of the global economy, but some experts say that the possibility of gold price decreases is possible if the USD increases sharply.
Kelvin Wong, a high -level market analyst of Oanda in Asia -Pacific, said: "Global trade tensions and tariff battle are still the main factor pushing gold prices to 2,900 - 2,910 USD in the short term.
In addition, jewelry purchasing power may decrease due to high gold prices, while weak economic growth reduces consumer spending capacity.
According to the World Gold Council (WGC), jewelry demand can continue to be weak in 2025, although capital flows from ETFs and central banks will still play a role in price support.
Analysts warns, if the Fed keeps the interest rate stable for a longer period or the dollar is stronger, the gold price may be under the decrease of adjustment pressure. In addition, if the trade tensions cool down or the stock market recovers, gold can lose some appeal as a shelter.
Overall, gold prices still have many supporting factors in the near future, but investors need to be cautious about the ability to adjust when the market shows more stable signs.
