At the end of the session on December 21, the price of gold bars at SJC closed between 12 and 81.8 million VND/tael (buy – sell), unchanged from the previous day's close.
Gold bar price in Doji increased by 600 thousand VND/tael both for buying and selling compared to the previous day's result, closing between 84.4 million VND/tael (purchase – sale).
The price of SJC's gold ring, from 1 to 5 taels, is quoted between 81.8 and 83.6 million VND/tael (buy – sell), unchanged from the previous session.
The price of 9999 gold ring in Doji closed at 82.9 million – 84.4 million VND/tael (buy – sell), up 150 thousand VND/tael on the buyers' side and 150 thousand VND/tael more on the sales side compared to the previous one. closing level of the day.
Gold price world spot delivery at 2,622.4 USD/ounce. The gold futures price for December 2025 on the Comex New York floor is 2,645.1 USD/ounce.
Despite ending the week on a negative note, global gold prices retained important support around 2.600 USD per ounce, even after the Federal Reserve (Fed) announced that it would slow down the pace of interest rate cuts in 2020.
Last week, the Fed officially lowered interest rates by 0.25% to a range of 4.25% to 4.5%. The Fed plans to cut interest rates by a total of 0.5% by the end of 2025 due to a strong labor market and slowing inflation.
According to reports in the United States, the Personal Consumption Expenditures (PCE) price index in November increased only 11% from the previous month and 0.1% during the same period. Excluding food and energy, the core PCE index also rose 2.4% from the previous month and 0.1% from the same period last year.
Mr. Austan Goolsbee, president of the Chicago Fed, said the latest inflation data brought optimism. Interest rates could fall further next year, even if the Fed takes a cautious stance.
Analysts note that gold could face challenges in this environment and into the holiday season.
Gold Price Prediction
In a recent interview with Kitco News, Chantele Schieven, head of research at Capitalight Research, said the gold market is in wait-and-see mode. Investors are assessing the health of the economy as it grapples with persistent inflation.
The market also priced in geopolitical risks and instability as President-elect Donald Trump prepares to take over as president.
Chris Mancini, associate portfolio manager at the Gabelli Gold Fund, said the government facing a shutdown shows increasing levels of geopolitical uncertainty. This continues to support gold as a safe haven asset.
Ryan McIntyre, managing partner at Sprott, said financial markets and geopolitical uncertainty will continue to support long-term demand for gold as a safe haven.
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