Gold and silver prices increased higher in the mid-November 25 trading session in the US, strengthening the safe-haven attractiveness of gold in the context of fluctuating markets due to a series of mixed-use US economic data.
World gold price at 11:28 on November 26, Vietnam time, was trading around 4,157.81 USD/ounce, up 62.36 USD, equivalent to an increase of 1.52%.
According to NAI500, 2025 is shaping itself as a brilliant year for gold. According to data from the beginning of the year as of November 10, 2025, this precious metal has increased by about 54%. This puts gold on track for its strongest annual performance since 1979. This special performance is largely due to increased global instability and concerns about the USD losing value.
World gold prices hit a record high of around $4,380/ounce in October, before being adjusted down to around $3,885/ounce for two weeks as individual investors took profits.
After consolidating around $4,000/ounce, gold has resumed its upward momentum, fueled by speculation that the delayed US economic data could support the US Federal Reserve (FED) to cut interest rates again in December.
Demand from central banks has become a core structural factor supporting gold prices. Data shows that the proportion of gold in foreign exchange reserves of global central banks has increased significantly, from about 13% in 2022 to about 22% in the second quarter of 2025. During this period, gold prices have increased by about 125% (from $ 2,000/ounce to more than $ 4,000/ounce).
This trend comes from the diversification of strategic reserves due to increased global instability - including geopolitical conflicts, major economic and political challenges, and rising inflation.
Uncertainty surrounding the US economy has also created a negative sentiment towards the US dollar, causing central banks to reduce their share of the US dollar and increase gold allocation. These strategic organizations are expected to continue to buy stably, creating a floor and maintaining gold at a high level.
The outlook shows that the upward trend of gold is expected to gradually be resumed. Market expectations show that if the Fed continues to cut interest rates in December and the USD remains weak, gold prices may increase further in the coming months. However, a sudden policy shift in the direction of tightening from the FED or an improved global economic environment will pose a downside risk.
Regarding domestic gold prices, SJC gold bar prices at 10:52 on November 26 traded around 151.9 - 153.4 million VND/tael (buy - sell).
The price of 9999 Bao Tin Minh Chau gold rings is trading around 150.4 - 153.4 million VND/tael (buy - sell).
