Factors driving gold prices next week

Phan Anh (Theo Kitco) |

Some experts believe that gold prices may continue to increase in the short term. Next week, the market will receive a series of important economic data.

According to Kitco - The US Federal Reserve (FED) has maintained a neutral stance since the beginning of the year, but some economists believe that weak economic data and concerns about recession could make the agency give a more loose view. Currently, the market is pricing in at least two interest rate cuts this year.

Ricardo Evangelista, senior analyst at ActivTrades, said: Donald Trumps drastic tariff policies are negatively affecting economic prospects, slowing growth and putting pressure on risky assets such as stocks, with key indicators erasing post-election gains.

According to this expert, weaker US inflation data expected to be released earlier this week is showing signs of slowing down in the world's largest economy, boosting expectations for the Fed's next interest rate cuts. As risk sentiment eases, gold could have more upside momentum.

"The FOMC meeting next week will play a key role in shaping expectations for the Fed's policy. This could become a major factor affecting gold prices, due to the precious metal's relationship with the US dollar, he added.

Dien bien gia vang the gioi nhung phien giao dich gan day. Bieu do: Phan Anh
World gold price developments in recent trading sessions. Chart: Phan Anh

Meanwhile, Ernest Hoffman - market analyst of Kitco News said that investors are waiting for a series of important decisions from US central banks and economic data.

The first notable event is the Bank of Japan (BOJ) monetary policy meeting on Tuesday, followed by the US Federal Reserve (FED) interest rate decision on Wednesday. The Swiss National Bank (SNB) and the Bank of England (BOE) will announce interest rate policy on Thursday.

These moves could directly affect the strength of the US dollar and gold inflows. This expert believes that if the FED maintains a "hawl" stance and gives a cautious view on interest rate cuts, the USD could continue to strengthen, putting pressure on gold prices. Conversely, if the FED signals are more loose, the precious metal could maintain its upward momentum.

Mot so chuyen gia cho rang, nhieu yeu to dang ho tro gia vang tang trong ngan han. Anh minh hoa: Phan Anh
Some experts believe that many factors are supporting gold prices to increase in the short term. Illustrative photo: Phan Anh

In addition to monetary policy, the gold market will also be affected by a series of US economic data, including Empire State retail sales and manufacturing index on Monday, housing start-up and construction permits on Tuesday, as well as unemployment claims, existing home sales and Philly Fed manufacturing index on Thursday.

These reports will provide further clues on the health of the US economy and impact the Fed's policy expectations.

In addition, central bank buying remains high, with notable increases in gold reserves from Poland, Turkey and China. Analysts say that every time gold prices are adjusted down, buying from large organizations will quickly help the market recover.

With unpredictable fluctuations in global financial and political markets, investors will need to closely monitor important developments next week. Although the long-term trend is still leaning up, gold may face technical adjustments before setting higher price levels.

Strong capital flow into gold ETFs

Analysts note that gold ETFs are starting to record significant inflows, pushing gold higher.

Golds historic role as a safe haven asset makes it a priority choice amid prolonged geopolitical tensions and economic uncertainty. The flow of capital into gold funds is largely driven by concerns about global trade disruptions due to escalating tariff disputes, as well as ongoing conflicts.

Investment demand from institutions, including ETF cash flow and record central bank purchases, has significantly supported gold's rally. Gold breaking above $3,000 an ounce could pave the way for $3,200 an ounce, said Neils Christensen, an analyst at Kitco News.

Phan Anh (Theo Kitco)
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Updated gold price at the end of session 16.3: Positive prospects

Phan Anh (Theo Kitco) |

Updated gold price at the end of session 16.3: Optimism continues to dominate the market. Most experts and investors expect prices to increase next week.

Gold prices increase sharply, why don't investors make big profits

Phan Anh |

At the end of the trading session of the week, the price of SJC gold bars increased sharply. However, the actual interest rate that investors receive is much lower than the increase.

Gold prices increase sharply, experts say there is still momentum

Phan Anh (Theo Kitco) |

Although gold prices have decreased slightly from the record high on Friday morning, some analysts believe that prices may continue to increase in the short term.