Gold price today May 26: Decline but long-term trend has not been cut off

SJC gold bar price

As of 9:20 am, SJC gold bar prices were listed by DOJI Group at the threshold of 158.5-161.5 million VND/tael (buying - selling), down 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.

Bao Tin Minh Chau listed SJC gold bar prices at 158.5-161.5 million VND/tael (buying - selling), down 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 Jewelry Group listed SJC gold bar prices at the threshold of 156.3-161.5 million VND/tael (buying - selling), down 700,000 VND/tael on the buying side and down 500,000 VND/tael on the selling side. The difference between buying and selling prices is at the threshold of 3.2 million VND/tael.

9999 gold ring price

As of 9:20 am, DOJI Group listed gold ring prices at 158.5-161.5 million VND/tael (buying - selling), down 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 SJC gold bar prices at 158.5-161.5 million VND/tael (buying - selling), down 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 Jewelry Group listed the price of gold rings at the threshold of 158.3-161.3 million VND/tael (buying - selling), down 700,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.

Currently, 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 9:20 am, world gold prices were listed around the threshold of 4,537.1 USD/ounce, down 23.6 USD compared to the previous day.

Gold price forecast

Profit-taking pressure after the strong increase at the beginning of the week is putting gold prices under adjustment pressure. In addition, the gold selling move from central banks in some countries also contributes to creating more pressure on the precious metals market.

Newly released data shows that the gold reserves of the Central Bank of Russia (CBR) have decreased for the fourth consecutive month in April 2026, marking the strongest drop in about 25 years. As of May 1, CBR's gold holdings were about 73.9 million ounces, down 200,000 ounces in just one month. Since the beginning of 2026, Russia's total gold reserves have decreased by about 900,000 ounces.

According to the World Gold Council (WGC), Russia cut about 27.9 tons of gold in the period from January to April this year. This is considered the strongest decrease since 2002. This development has caused investors to worry that some central banks may continue to take advantage of high prices to restructure foreign exchange reserves, thereby creating short-term pressure on gold prices.

However, many experts believe that the long-term trend of gold has not been broken. Mr. Stephen Innes - management partner of SPI Asset Management - said that the recent adjustment is more like a "purification" phase than a sign of the end of the long-term gold price increase cycle.

According to Mr. Innes, the recent sell-off wave mainly stemmed from liquidity demand in the context of sharply rising oil prices and escalating geopolitical tensions, rather than a decline in confidence in gold. This expert believes that when inflationary pressure subsides and global economic growth slows down, central banks may return to the trend of loose monetary policy, creating momentum to support gold in the medium and long term.

Meanwhile, the precious metals market still received support from the weakening USD, expectations of cooling US bond yields and a sharp drop in oil prices. Silver prices even increased more strongly than gold in the most recent trading session.

Investors are currently focusing their attention on a series of US economic data released this week such as the consumer confidence index, Q1 GDP, new home sales and personal spending data. This information may significantly affect interest rate expectations of the US Federal Reserve (Fed), thereby directly impacting gold price movements in the coming time.