Global Gold Prices Surge While Domestic Rates Falter

HANOI, Vietnam — On November 25, 2025, the global gold market experienced a significant surge, surpassing the $4,100 per ounce mark, according to reports. At around 6:15 AM local time, gold was trading at approximately $4,130 per ounce, a substantial increase of $55 from the previous day.

In the U.S. market, the closing price settled at around $4,134 per ounce, marking a $70 increase compared to the last session. According to Kitco News, investors continue to drive gold prices higher, as demand remains robust.

However, Suki Cooper, the Global Head of Commodities Research at Standard Chartered, cautioned that volatility in the stock market and cryptocurrency could pose risks for the precious metal. Despite gold still being down about 6% from last month’s record high of nearly $4,360 per ounce, the selling pressure in gold is not as severe as that seen in Bitcoin, which has dropped by 31% from its peak.

Cooper noted, “If the stock market remains under pressure, margin calls might impact gold prices in the short term. Gold is struggling to gain new upward momentum amid increasing uncertainty regarding U.S. monetary policy.” She predicted the Federal Reserve would likely maintain interest rates in the upcoming month.

Locally, gold prices varied, with some brands of gold rings witnessing slight declines while the SJC gold remained steady. For instance, SJC gold was priced at around 148.4 – 150.4 million VND per tael in Hanoi and Ho Chi Minh City, stable in both buying and selling rates compared to the previous day.

In the afternoon of November 25, the domestic gold market saw a rebound in prices, with increases observed in both gold bars and rings, hitting increases of up to 2.6 million VND per tael. Leading brands like SJC, DOJI, and PNJ adjusted their prices to levels between 150.9 – 152.9 million VND per tael for buying and selling.

Gold has often been viewed as a safe investment, especially as central banks face pressures to lower interest rates. John Williams, President of the New York Fed, indicated that interest rates might be reduced “in the short term” without threatening inflation targets.

The market sentiment around gold remains buoyed by expectations of lower interest rates in the U.S., with the CME FedWatch Tool indicating a 79% probability of a Fed rate cut in December.