Why is gold the choice of international investors?

Illustration photo. Photo: Internet

Specifically, the spot gold price increased by 0.3% to 3,021.88 USD/ounce. At the same time, the gold futures price in the US also increased by 0.3% to 3,025.90 USD/ounce.

Mr. Jeffrey Christian, an expert at financial consulting firm CPM Group, said that investors are currently worried about global developments, especially US policies. They choose gold because they fear that the world economy may fall into recession due to the impact of US policies.

Considered a hedge against economic and geopolitical risks, gold has gained more than 15% this year, hitting a record $3,057.21 an ounce on March 20.

Earlier, US President Donald Trump announced that the plan to impose tariffs on cars would soon take effect. However, he also left open the possibility that not all of the proposed tariffs would be applied in the official announcement on April 2, an event that is attracting the attention of investors.

The tariff policies proposed by Mr. Trump are expected to slow economic growth, escalate trade tensions and possibly push up inflation.

Raphael Bostic, president of the Federal Reserve Bank of Atlanta, predicted that the Fed's benchmark interest rate would fall by only 0.25 percentage point by the end of the year, after the agency decided to keep rates unchanged last week.

Investors are now watching US Personal Consumption Expenditure data, scheduled for release on March 28, for further guidance on the Fed's next policy.

Expectations of a rate cut are waning, said Daniel Pavilonis, a strategist at commodities brokerage RJO Futures, who forecast gold could hit $3,125 an ounce.

In Vietnam, on March 25, Saigon Jewelry Company (SJC) announced the price of gold bars at 95.6 - 97.6 million VND/tael (buy - sell).

Cao Thong (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/vi-sao-vang-tro-thanh-lua-chon-cua-nha-dau-tu-quoc-te/20250326083602274