According to the World Gold Council (WGC), world gold prices may continue to fluctuate within the current range in the second half of 2025, but the possibility of gold prices increasing by 5% if the current macroeconomic situation remains the same.
If this scenario happens, by the end of the year, gold prices could increase by a total of 30% compared to last year, according to the WGC released on July 15.
The organization said that the trend of global interest rate cuts combined with prolonged geopolitical and economic instability will continue to attract investors to pour money into gold, especially through gold exchange-traded funds (ETF) and decentralized gold trading (OTC).
In addition, central banks' demand for gold is expected to remain high, although it has decreased compared to previous years' records but still far exceeded the average of 500-600 tons per year before 2022.
The WGC also outlined other scenarios. If the global economic situation worsens, gold prices could increase by 10-15%, and even end the year with a total increase of nearly 40%.
Conversely, if the economy recovers significantly, gold prices are likely to fall 12-17% compared to the present.
Thus, gold prices continue to be the focus of investors in the context of unstable geopolitical factors, inflation and global monetary policy.
Regarding the domestic gold price today, as of 6:00 a.m. on July 16, the price of SJC gold bars was listed by Saigon Jewelry Company at VND 119.1-121.1 million/tael (buy in - sell out); down VND 400,000/tael in both directions. The difference between buying and selling prices is at 2 million VND/tael.
Recorded at 10:10 on July 15, the world spot gold price was listed at 3,346.7 USD/ounce, not much change compared to the previous day.
