The evolution of the price of gold in 2024 shows that the price of gold above the world has broken many records, from the mark of 2.500 USD/ounce, 2.700 USD/ounce, 2.790 USD/ounce, 2.790 USD/ounce to a record high of almost 2.616 USD/ounce. On December 30, the global gold price was trading around USD 1,000/ounce and there was only one week left until the end of the year.
What will the price of gold be in 2025?
Share with PV VietnamNet, Gold expert Tran Duy Phuong believes that the gold price trend in the last days of 2024 will be around 2.600-2.650 USD/ounce. Closing the year at this threshold will still mean a sharp increase in gold prices compared to the start of the year, of around 100%.
Regarding gold prices in 2025, Mr Phuong forecasts a downward trend. However, the market has had times where it has crossed 2.800 or even 2.900 USD/ounce, but it is predicted that this mark will not be sustainable.
He said global gold prices rose further in the first two quarters of the year, but the rise was not strong, only increasing by about $200-250/ounce per ounce. compared to the 2024 closing price.
“The price of gold will rise to around 2.900 USD/ounce, it is unlikely to be higher. The reason is that the world's major banks may reduce the pace of interest rate cuts, the Fed is expected to cut interest rates 2 to 2025 times, geopolitical tensions in many parts of the world may decrease or come to an end… hence the price of gold. will lose its support factor. From the third and fourth quarters of 2020, gold prices may fall again,” commented Mr. Phuong.
With this development, Mr Phuong predicts that domestic gold prices in the first two quarters of next year will increase to 90 million VND/tael for ring gold and 92-93 million VND /tael for SJC gold.
However, he noted, it is very likely that from the third quarter, if global gold prices come under downward pressure, domestic gold prices will also decline.
And Dr. Nguyen Tri Hieu, an economic expert, said that the price of gold in 2025 is still unknown, as it depends on President Donald Trump's economic policies and geopolitical issues in Ukraine and the Middle East.
“Domestic and global gold prices in 2025 may experience many fluctuations. It is difficult to predict whether the global gold price will rise again to 2.800 USD/ounce or 3.000 USD/ounce as many experts predict.
It is also difficult to predict whether the price of SJC gold bars and rings in the country will return to 92 million VND/tael in 2025,” Hieu said.
When should you invest in gold?
According to gold expert Tran Duy Phuong, when factors support gold, it is the right time for investors to consider buying gold.
“You should consider selling gold between March and May 3 to maximize your profits, as this is the period each year when gold prices are lowest, barring a sudden change in 5. You should not invest in gold from mid-2025,” recommended Mr. Phuong.
And Dr. Nguyen Tri Hieu analyzed that investors always want to know if the gold price has already “bottomed”? If you know the “bottom,” then it’s time to buy. However, no one knows where the “bottom” is, as it is very likely that domestic and global gold prices will continue to fall.
“Therefore, investing in gold at present is very risky; Buying now is not the lowest price and it is not certain that the price will increase in the future. You need to monitor gold prices regularly. At this time, when gold prices are at low levels, you can buy, but with caution. The most important thing is not to “put all your eggs in one basket”, but besides gold, you should divide your money among other investment channels, such as bank deposits, stocks and real estate”, recommended Mr. Hieu.
Dr. Nguyen Minh Phong, an economic expert, believes that in 2025, gold prices will be more stable; National gold prices rise and fall in sync with the global market. The difference between domestic and global prices will be reduced. From here, the price reduction between brands, types of gold as well as sale and purchase prices will be improved.
Therefore, people should not rush or “surf” because the market is more transparent.
However, Mr Phong said that for long-term storage, investing in gold is always the choice; If “surfing” is risky, it is because the State does not have a policy of importing gold to resell it on the market.
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