AsemconnectVietnam - According to the General Statistics Office, domestic gold prices in April of 2025 moved in the same direction as world gold prices.

As of April 28, 2025, the average world gold price was 3,220.07 USD/ounce, an increase of 7.33% compared to March of 2025.
In April of 2025, the world gold price continued to rise sharply and set a new peak due to prolonged geopolitical instability. The conflict in Ukraine and tensions in the Middle East, and escalating trade conflicts between the US and China have contributed to increase the risk aversion and boost demand for gold as a safe-haven asset.
Aggressive gold buying by central banks, especially in Asia and the Middle East, along with expectations that the FED would cut interest rates, also contributed to pushing gold prices higher.
Domestically, the gold price index in April of 2025 increased by 10.54% compared to the previous month; increased by 37.14% compared to the same period last year. The figure increased by 22.43% compared to December of 2024; and on average for the first four months of 2025, the gold price index increased by 32.85%.
According to experts, the strong increase in gold prices recently has been driven by several factors, including safe-haven demand amid global economic uncertainty, interest rate and exchange rate policies, as well as fluctuations in international financial markets. Particularly, concerns about global inflation, US economic volatility, and the unpredictable policies of President Donald Trump's administration have played a role.
The focus of the market in May will be the Fed's monetary policy meeting. However, most investors do not expect the Fed to cut interest rates in the upcoming policy meeting next week.
Mr. Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, commented that "The pressure to keep interest rates high is gradually decreasing. If the Fed signals that it will cut interest rates, gold could rebound strongly."
CK
Source: VITIC/ haiquanonline.com.vn