5 factors that can have a big impact

What will the gold price be like in 2025? From the influence of world gold on domestic monetary policy, there are 5 important factors that will affect the gold price trend.

According to experts from the Banking Academy, there are 5 factors that will affect domestic gold prices in 2025. Specifically:

First , the world gold price. Although domestic gold speculation has been strictly controlled, the domestic gold price is still greatly influenced by the international market.

According to the forecast of the World Gold Council (WGC), the world gold price may continue to increase in 2025, ranging from 2,900 - 3,000 USD/ounce, as major central banks tend to cut interest rates and increase gold reserves. If the gap between domestic and international gold prices does not change significantly, the domestic gold price may increase by about 7 - 8% next year.

Domestic gold prices are still greatly influenced by the international market. Illustrative photo

Second , the fluctuation of the USD. The USD has an inverse relationship with the price of gold. When the USD weakens due to the loose monetary policy of the US Federal Reserve (Fed), the international gold price will tend to increase, leading to an increase in the domestic gold price. Conversely, if the USD increases sharply, the gold price may be under downward pressure. In addition, the USD/VND exchange rate also affects the cost of gold imports, thereby affecting the domestic gold price.

Third , monetary policy and gold market management. The State Bank of Vietnam's interest rate and money supply policies play an important role in regulating gold prices. If deposit interest rates increase, people can divert capital from gold to savings, reducing the demand for gold.

On the contrary, if interest rates are low, money can flow strongly into gold as a safe haven. In addition, measures to control gold imports, regulate supply and manage the difference between domestic and international gold prices will contribute to stabilizing the market.

Fourth , domestic gold demand. Vietnam is one of the countries with the highest gold consumption demand in Southeast Asia. In the context of inflation and economic fluctuations, the demand for gold holdings of ordinary people increases, pushing up the price of gold. In particular, the increase of the middle class also contributes to promoting the trend of accumulating gold as collateral.

Fifth , correlation with other investment channels. Gold prices often have an inverse relationship with the stock market, real estate and savings interest rates. When these investment channels become less attractive due to increased risk or reduced liquidity, cash flows tend to shift to gold.

In 2025, Vietnam's stock market is expected to flourish, while the real estate market may enter a new growth cycle. If these investment channels recover strongly, gold prices may come under downward pressure.

Predicting gold prices is always a challenge, but keeping an eye on the above factors will help investors make better decisions in 2025.

Source: https://congthuong.vn/gia-vang-2025-5-yeu-to-co-the-gay-tac-dong-lon-379738.html