But as we enter 2025, gold's price trajectory appears to be shifting once again. After several weeks of stability around $2,600 per ounce, gold prices have been steadily climbing back toward the $2,700 mark.

Gold prices slipped yesterday as a stronger US Dollar, anticipation of a hawkish Fed and thin liquidity all contributed. Uncertainties around tariffs and challenges

Daan Struyven, head of oil research at Goldman Sachs, says the firm likes gold as a hedge against the risks to the US economic outlook from tariffs and sovereign debt sustainability issues.

Vietnam gold prices rose on Friday morning following gains the previous day, while global bullion rates were headed for a weekly rise.