Warning as gold prices continue to set records

Gold trading enterprises such as Saigon Jewelry Company and Bao Tin Minh Chau Company Limited listed the price of SJC gold bars at 103 - 106.5 million VND/tael for buying and selling. The difference between buying and selling is 3.5 million VND/tael.

Phu Quy Jewelry Group listed the price of SJC gold bars at 102.5 - 106.5 million VND/tael. The difference between buying and selling is 4 million VND/tael.

The price of gold rings listed by businesses is 1.5 - 1.6 million VND/tael lower than that of SJC gold bars.

Bao Tin Minh Chau Company Limited listed the price of gold rings at 101.6 - 105.1 million VND/tael.

Saigon Jewelry Company and Phu Quy Jewelry Group both listed the price of gold rings at 101.4 - 104.9 million VND/tael.

Since the beginning of the year, the price of gold has increased by more than 18 million VND/tael. Compared to more than a year ago, the price of gold has increased by more than 50%.

On the world market, the listed gold price is 3,219 USD/ounce, down 18 USD/ounce compared to yesterday morning.

According to analysts, the gold market is under a lot of pressure in the context of many fluctuations in international trade. The US tariff policy as well as China's threats to respond are causing chaos in the market.

Gold's strong rally was fueled by a weaker US dollar, rising safe-haven demand and strong buying from central banks.

The recent sharp increase in gold prices has made gold holders earn a lot of money, with the profit rate being many times higher than saving in banks. However, with the unpredictable developments in the world market, experts believe that gold prices still have the potential to increase.

However, experts note that when gold prices continuously set records, one can easily buy at the peak at any time if not careful.

Therefore, for those who have money, they should not “put all their eggs in one basket”, because the risk will be high. Gold holders, when reaching a profit rate of 15-20%, can consider selling to take profit.

Financial and banking expert Nguyen Tri Hieu recommends that when participating in the gold market, investors cannot wait for gold prices to increase or decrease forever. If they decide to buy gold to accumulate and save for a long time, over a year, and are not interested in "surfing", then investors can "put money down".

This morning, the State Bank listed the central exchange rate at 24,923 VND/USD. The USD price at banks is between 25,450 - 25,980 VND/USD. On the "black market", it is traded at 25,950 - 26,150 VND/USD.

According to Ngoc Mai (TPO)