(NLDO) - Both analysts and investors predict that gold prices will continue to increase today, even though they are at an all-time high.
On February 9, the price of SJC gold bars was listed by some businesses in Ho Chi Minh City at VND86.8 million/tael for buying and VND90.3 million/tael for selling, an increase of VND1.5 million/tael compared to the end of last week. The price of gold bars continued to maintain its high level for many months, after a week of strong fluctuations after Tet holiday and God of Wealth Day.
Similarly, the price of 99.99 gold rings and jewelry gold also marked a rather active trading week. The price of gold rings listed by businesses was VND86.8 million/tael for buying and VND89.9 million/tael for selling, an increase of VND1.1 million/tael compared to the end of last week.
SJC gold bar price has a week of strong fluctuations
Domestic gold prices fluctuated strongly last week, businesses bought gold bars and gold rings at the same price, while selling SJC gold bars at a higher price. The difference between buying and selling prices also widened to a very high level, 3.5 million VND/tael.
Gold prices fluctuated today due to the influence of world prices. In the international market, the precious metal continued to surprise when it continuously broke the old peak of last year and set a new peak of over 2,800 USD/ounce. At one point during the week, the highest peak recorded exceeded 2,880 USD/ounce, before closing the week at 2,860 USD/ounce, up 60 USD/ounce compared to the end of last week.
Gold prices have benefited from strong safe-haven flows amid concerns over Donald Trump’s tariff policies toward trade partners, analysts say. Despite hitting new highs, gold prices are still expected to continue rising, according to Kitco’s weekly survey.
Domestic gold prices are at their highest level in many months.
Specifically, in a survey on Wall Street, 17 analysts participated in the response, of which 88% said that gold prices would continue to increase, only 12% said that gold prices would remain stable and no opinion predicted that gold prices would decrease.
Similarly, in an online survey on Main Street, 170 investors responded, of which 71% predicted gold prices would continue to rise, 19% said gold prices would fall and the remaining 10% said the precious metal would move sideways.
Currently, the world gold price converted according to the listed exchange rate is about 87.8 million VND/tael.
Source: https://nld.com.vn/gia-vang-hom-nay-9-2-dong-loat-du-bao-tang-tiep-19625020908303522.htm
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