Gold ring and gold bar prices both hit new peaks

At 9:00 a.m. this morning, Doji and SJC listed the price of gold bars at 124.4 - 125.4 million VND (buy - sell), an increase of 600,000 VND/tael compared to early this morning. This is the highest price today.

At the same time, Doji listed the price of gold rings at 117.3 - 120.3 million VND/tael (buy - sell), an increase of 100,000 VND/tael compared to early this morning. This is the highest level in history.

Although it has increased sharply since the beginning of the year, the price of gold bars and rings is still predicted to continue to increase in the coming time.

Domestic gold prices increased following the increase in world gold prices. On the morning of August 21, world gold prices were listed on Kitco at 3,348 USD/ounce, up 34 USD/ounce compared to early yesterday morning.

Commenting on the gold price movement in the coming time, Associate Professor Dr. Nguyen Huu Huan (Ho Chi Minh City University of Economics ) said that there are many factors that will help gold price increase in the coming time. The US labor market is currently weaker than expected, increasing the possibility of the Fed cutting interest rates, thereby pushing gold prices up.

“ The weakening US economy, along with the impact of tariffs and Donald Trump’s recent policies, has raised expectations that the Fed will soon have to cut interest rates to support the economy. At that time, gold prices will increase sharply ,” Mr. Huan analyzed.

Gold rings and bars are both the most expensive in history. (Photo: Minh Duc).

However, according to Mr. Huan, it is very difficult to predict the world gold price at this time when the price is still hovering around the range of 3,300 - 3,400 USD/ounce. It needs to surpass the 3,500 USD/ounce mark to establish a new upward trend. Currently, the gold price is still moving sideways within a very strong fluctuation range, meaning that when the price decreases, it will decrease sharply and when it increases, it will also increase very sharply.

Domestic gold prices often fluctuate according to world trends, so they may continue to increase in the near future.

According to Dr. Nguyen Tri Hieu, a finance and banking expert, the world gold price has recently fluctuated mainly due to short-term buying and selling activities of investors.

The world gold price has hit a high, leading many investors to sell to take profits, causing short-term downward pressure on prices. However, in the medium and long term, the upward trend still prevails.

In addition, complex geopolitical factors, as well as US tariff issues with other countries, are creating momentum for global gold prices.

Recently, statistics show that the US labor market has improved, but President Donald Trump is still not satisfied and has fired the head of the labor statistics agency. At the same time, Mr. Trump is also putting pressure to find a replacement for Fed Chairman Jerome Powell to promote interest rate cuts.

Domestically, the gold price has reached 125 million VND/tael, so the expert predicts that the gold price will likely reach 130 million VND/tael, but it is not known when.

Giving advice to investors at this time, expert Tran Duy Phuong warned investors to avoid buying at this time, because it will be very risky and there is a possibility of having to "chase the peak".

According to economic expert Dr. Nguyen Tri Hieu, investors must always have a long-term investment strategy, should identify this as a channel to accumulate assets, should not surf if lacking experience. Especially when participating in the gold market, you must set profit targets and loss limits before buying to control emotions when the market fluctuates.

In addition, you should not "put all your eggs in one basket", you should diversify your portfolio, combining gold, bank deposits, real estate and stocks to minimize risks.

Vtcnews.vn

Source: https://vtcnews.vn/gia-vang-nhan-va-vang-mieng-deu-dat-dinh-moi-ar960812.html