Gold price on Kitco floor at 6:00 p.m. (January 27, Vietnam time) was trading at 2,768.8 USD/ounce, up 0.12% compared to the beginning of the session. Gold futures price for February 2025 delivery on Comex New York floor was trading at 2,775.5 USD/ounce.

World gold prices increased slightly, investors are cautious after gold prices increased sharply in previous sessions. Analysts said that the quiet gold market after a strong increase is not a cause for concern.

The market expects gold prices to surpass historical peaks this week, as a series of factors support the precious metal. In particular, rising inflation and economic instability are causing investors to focus more on gold than other investment channels.

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The world gold market is quiet. Photo: HH

Investors are flocking to gold, with prices set to hit record highs in the near future, said Adrian Day, chairman of Adrian Day Asset Management. Investors are focusing on President Trump's policies as he calls on central banks around the world to lower interest rates. The White House boss's call opens the door to policies that weaken the US dollar. This will send gold prices soaring.

There are few obstacles preventing the precious metal from reaching new highs as global markets continue to react to the unpredictability of the new US president, said Darin Newsom, senior market analyst at Barchart.

On the other hand, according to Rich Checkan, President of Asset Strategies International, gold prices may be adjusted down in the short term.

In the domestic market, at the end of the session on January 27, the price of 9999 gold bars at SJC was VND86.8 million/tael (buy) and VND88.8 million/tael (sell). Doji listed it at VND86.9 million/tael (buy) and VND88.9 million/tael (sell).

SJC announced the price of gold rings of type 1-5 at only 86.3-88 million VND/tael (buy - sell). Doji listed the price of 9999 smooth round gold rings at 86.6-88.1 million VND/tael (buy - sell).

Gold Price Forecast

According to Kevin Grady, President of Phoenix Futures, the precious metal has many supporting factors, the price will certainly increase further. The direction of gold prices depends a lot on the impact of tariffs imposed by Mr. Trump.

Analysts predict that the sharp increase in gold prices will not prevent central banks around the world from buying gold in the near future because the global economic situation is becoming unstable and geopolitical shocks are increasing.

Gold price today January 27, 2025: Irresistible increase Gold price today January 27, 2025, is expected to increase in the context that the Federal Reserve (Fed) is expected not to raise interest rates at this week's meeting. The domestic gold market is on Lunar New Year holiday.