Gold prices fluctuate strongly, is it too late to buy now?

Amidst continued economic and geopolitical uncertainty, the demand for safe havens has pushed gold prices up sharply. The precious metal continues to assert its role as an effective asset preservation channel. Is it too late to buy gold now?

Why is gold price increasing?

According to Money Control, gold prices increased by more than 40% last year, outperforming other assets. Experts say that gold is an important safe haven asset during economic and market turmoil. Gold prices are often affected by macroeconomic trends and geopolitical developments.

When stock markets are volatile and uncertain, investors often turn to gold. Looking back over the past five years, it is clear that increased uncertainty has been a major driver of gold prices.

Gold prices have hit several new record highs this year, with some investors wondering if they've missed out on the rally.

With risky trade policies, global geopolitical concerns and inflationary pressures still present, gold could continue to shine for some time to come.

Financial and banking group Macquarie Group predicts that gold prices could reach $3,500/ounce by the third quarter of 2025. Many key factors are driving macroeconomic instability and supporting gold prices in the coming time.

Gold prices fluctuate strongly. Photo: Chi Hieu

Specifically, US tariff uncertainty has raised recession fears. US President Donald Trump’s tariff policies have unsettled markets, prompting investors to seek safe-haven assets. Recession fears have increased as policy uncertainty under the Trump administration has increased.

The global central bank gold rush remains strong. The multi-year trend of building gold reserves as a hedge against economic uncertainty continues. Data from the World Gold Council (WGC) shows that central bank gold purchases will exceed 1,000 tonnes for the third consecutive year in 2024.

In addition, gold has benefited from geopolitical issues such as escalating concerns with the US and China, conflicts in Europe and the Middle East. Cooling inflation has many investors expecting the US Federal Reserve (Fed) to ease monetary policy in the coming months.

Should I buy gold now?

Domestically, on June 13, the price of SJC 9999 gold was listed at 117.5-120 million VND/tael (buy - sell). DOJI gold ring price was 115 million VND/tael for buy and 117 million VND/tael for sell.

Experts say that although gold prices have fluctuated in the short term, the long-term trend is still upward. Gold remains an attractive asset for investors.

For individual investors, gold can serve as a portfolio diversifier, helping to reduce risk during turbulent times. Instead of buying physical gold, investors can choose other forms such as trading gold through an ETF (Exchange Traded Fund) or buying shares of gold mining companies.

Data from CMC Invest shows that investment in ETF GOLD has doubled since this time last year. Seven of the top 10 listed companies with the highest capitalization in the precious metals sector are gold mining companies.

For more experienced investors, derivatives are another way to invest. In fact, for many experienced and regular CMC traders who use CFDs (Contracts for Difference), gold is the most traded commodity.

Source: https://vietnamnet.vn/gia-vang-bien-dong-manh-lieu-mua-vao-luc-nay-co-qua-muon-khong-2411002.html