Gold price update at the closing session on May 25: Domestic gold prices increase slower than world prices

SJC gold bar price

As of 5:00 PM, SJC gold bar prices were listed by DOJI at 159-162 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

SJC gold bar price was listed by Bao Tin Minh Chau at the threshold of 159-162 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Phu Quy Jewelry Group listed SJC gold bar prices at the threshold of 158.7-162 million VND/tael (buying - selling), an increase of 200,000 VND/tael on the buying side and an increase of 500,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.3 million VND/tael.

9999 gold ring price

As of 5:00 PM, DOJI listed the price of gold rings at 159-162 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Bao Tin Minh Chau listed the price of gold rings at 159-162 million VND/tael (buying - selling), an increase of 500,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

Phu Quy Gold and Gems Group listed the price of gold rings at 158.7-161.7 million VND/tael (buying - selling), an increase of 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.

The buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.

World gold price

At 4:50 PM, world gold prices were listed around the threshold of 4,566 USD/ounce, up 61.5 USD compared to the previous day.

Gold price forecast

In the world market, gold prices are receiving support as the USD weakens and oil prices cool down amid rising expectations of an agreement between the US and Iran. This development helps reduce concerns about global inflation, thereby supporting investor sentiment towards the precious metal.

Many experts believe that the gold market is still strongly affected by geopolitical fluctuations related to the Middle East region, especially the situation around the Strait of Hormuz. This is an important energy transportation route for the world, so any signals of cooling down or escalation can directly affect oil prices, inflation and gold trends.

Mr. Tim Waterer - market analyst at KCM Trade - said that the market expects the US and Iran to make progress in negotiations has pulled oil prices down, thereby easing inflationary pressure. According to him, this factor is creating a more favorable environment for gold prices to recover in the short term.

Meanwhile, analysts also noted that the upward trend of gold is not really sustainable as the market is still closely monitoring the monetary policy of the US Federal Reserve (Fed). If inflation in the US continues to cool down, the Fed may reduce pressure to maintain high interest rates for a long time. This will support gold because precious metals often benefit in a low interest rate environment.

However, adjustment risks are still present if the USD recovers strongly or US bond yields rebound. Some experts believe that gold prices may continue to fluctuate strongly this week as investors are reacting very sensitively to information related to inflation, Fed policy and geopolitical situation in the Middle East.