Gold price hits new peak, what advice for investors?

Gold price hits record high - What is the reason?

According to financial experts, the price of gold has been climbing mainly due to the following reasons: Economic and geopolitical instability in the world, especially conflicts between countries and tight monetary policies, have boosted the demand for gold storage as a channel to avoid risks.

Interest rate policy from the US Federal Reserve (FED) with expectations of interest rate cuts this year is pushing investors to run into gold as a safe asset.

Investors should monitor the market closely and have a clear plan before deciding to buy gold. Illustration photo

Increased demand from central banks as many countries are buying large amounts of gold for reserves has contributed to the price increase. In addition, the USD/VND exchange rate also significantly affects domestic gold prices. When the exchange rate increases, domestic gold prices often increase due to limited supply.

After reaching its peak on the morning of April 1 when it approached the mark of nearly 103 million VND/tael, the gold price has adjusted. On the afternoon of April 1, the price of gold rings and SJC gold decreased by nearly half a million VND/tael. On April 2, the gold price continued to decrease in both domestic and international markets.

According to records, the price of SJC gold bars has decreased by more than 1.5 million VND/tael compared to the highest level, currently trading at 99 - 101 million VND/tael. The price of gold rings has also decreased similarly, with a decrease of 800,000 to 1 million VND/tael.

World gold prices also tended to decline, falling from a record of more than 3,130 USD/ounce to about 3,100 USD/ounce due to profit-taking pressure and positive signals from the US economy.

Should I buy gold or wait for the price to drop?

According to experts, in the short term, gold prices may continue to fluctuate strongly due to profit-taking pressure from investors after gold reached its peak. The gold market may witness deep correction sessions before establishing a new price level.

However, in the long term, many experts still expect gold prices to continue to rise due to macro factors such as inflation, loose monetary policy and prolonged geopolitical tensions. Some forecasts show that gold prices could reach $3,200/ounce in the short term and up to $3,400 in the third quarter of 2025. Some large organizations such as Goldman Sachs even forecast a scenario of gold prices reaching $4,500/ounce if economic and geopolitical instability continues to escalate.

In the context of fluctuating gold prices, investors can refer to the following advice: Short-term gold investment can be risky because gold prices are currently fluctuating strongly, so be careful when buying gold with the desire to make a quick profit.

If you aim for a long-term plan, gold is still a safe channel to accumulate value, but you need to clearly define your investment goals before making a decision.

Gold prices often rise sharply and then fall rapidly, so investors should monitor the market closely and have a clear plan before deciding to buy gold.

Investing in gold requires a long-term plan to avoid risks from price fluctuations. Closely monitor economic and political developments before making buying and selling decisions. Do not borrow money to invest in gold to avoid the risk of loss when prices adjust. Consider other investment channels such as stocks and real estate to diversify your portfolio and allocate risks.

With the current volatility, investing in gold can be profitable, but it also carries risks. Investors need to consider carefully before making a decision.

Linh Dan

Source: https://congthuong.vn/gia-vang-lap-dinh-moi-loi-khuyen-nao-cho-nha-dau-tu-381142.html