On Tuesday, July 15, 2025, the gold price managed to recover from its decline on Monday. The US dollar registered a moderate decrease from a multi-week high, attracting buyers and contributing to the recovery of the gold market. Uncertainties in the trading environment are also increasing demand for gold as a safe haven.
Current Market Developments
On the morning of July 15, there was a short-term decline as the gold price fell by about 400,000 VND per tael. However, the market overall shows a tendency to recover compared to the previous day. Market volatility remains high: while short-term corrections or sideways movements are possible as banks speculate on falling prices with higher short positions, long-term factors such as geopolitical risks and debt burdens support a stable or rising gold price.
Factors Influencing the Gold Price
The gold market reacts sensitively to currency fluctuations and political developments, such as possible ceasefire talks between Russia and Ukraine. These geopolitical tensions enhance the attractiveness of gold as a crisis-proof investment.
In summary, the recovery of the gold price is supported by a slightly weaker US dollar. Persistent uncertainties in trade and geopolitical tensions are increasing demand. In the short term, volatility remains high, but long-term drivers offer potentially more buying opportunities.