The era of going all-in on gold is over.

After a period of sharp price increases and continuous record highs, the gold market is entering an unpredictable correction phase, causing many people to change their perspective on this asset class.

In recent days, the domestic gold market has witnessed a series of volatile trading sessions. At times, the price of gold has plummeted by millions of dong per ounce, but it has quickly recovered after just a few trading sessions. This unpredictable nature has made many people more cautious when deciding to buy or sell the precious metal.

Be cautious of sudden increases and decreases.

With approximately 500 million VND in savings, Ms. Ha Minh (residing in Nha Be commune, Ho Chi Minh City) initially planned to use all of it to buy gold for safekeeping. However, within just one week, the fluctuating price of gold caused her to change her mind.

The volatile price of gold is making people cautious about investing.

According to Ms. Minh, the sharp drop and then rapid rise in gold prices in a short period of time has made her feel less secure than before. Although buying gold bars is now easier, with abundant supply and no longer a shortage, Ms. Minh's family is still considering many other investment options.

"I'm really hesitant about whether I should put all my money into gold or not. My husband advises me to learn more about stocks because it's also an investment channel with many opportunities in the future," Ms. Minh shared.

A similar mindset is also present among many people with spare cash. After selling an apartment and earning over 2 billion VND , Ms. Nguyen Thi Tram (35 years old, residing in Vuon Lai ward) used part of the money to buy a car for her family's transportation needs. With the remaining nearly 1 billion VND , she is considering whether to put it in a savings account or buy gold.

According to Ms. Tram, a year ago, gold might have been the top choice due to its continuously rising price. However, the market is no longer as attractive as before. The constant fluctuations in price create psychological pressure for her as she monitors gold prices daily.

"I'm planning to rent a small space to open a beverage shop. Having a steady income is more reassuring than buying gold and constantly monitoring the price fluctuations," said Ms. Tram.

Instead of buying gold, many people choose to put their money in a savings account.

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Meanwhile, Ms. Thien Y (45 years old) still maintains her habit of buying gold for savings, but in small quantities. When the price of gold was 147 million VND/ounce, Ms. Y only bought one more tael of gold.

“I didn’t dare buy much because the price fluctuates too much. Currently, there are many other more attractive options. I just deposited 200 million VND online with a listed interest rate of 7.3%/year for a 6-month term. If you include the bonus from the promotional program, the total actual interest rate I received is up to 8.8%/year,” Ms. Ý said.

According to market observations, in the trading session on June 14th, the price of SJC gold bars was listed at 144-147 million VND/ounce (buying price - selling price), an increase of 1.6 million VND per ounce in both directions compared to the previous session. Thus, after only two trading sessions, the price of gold has increased by more than 10 million VND/ounce in the buying price.

Compared to the peak of over 192 million VND/ounce set at the end of January, the current gold price is still about 45 million VND/ounce lower. This indicates that the market is entering a correction phase after a prolonged period of rapid increases.

Diversified investment channels

According to financial experts, while gold still serves as a safe-haven asset in investment portfolios, the prospect of strong price increases like in previous periods is no longer likely.

Gold remains a necessary investment channel in people's asset portfolios, but it should only account for a reasonable proportion.

At the talk show "Investment Opportunities in Stocks, Gold, and Real Estate in the Second Half of 2026?" recently held in Ho Chi Minh City, financial expert Phan Dung Khanh stated that after a prolonged period of rapid price increases lasting 3-4 years, the potential for further price increases in gold is no longer as significant as before. This precious metal is under pressure from a strengthening US dollar, persistently high US government bond yields, and a shift of capital towards more attractive investment channels such as stocks.

Although gold still plays a defensive role as an asset, according to Mr. Khanh, it is no longer suitable for all-in investments like in the past. Investors holding too much gold should consider restructuring their portfolios, while those who need to accumulate assets long-term should only buy in installments, avoiding investing all their capital at one time.

"In the current context, a rational allocation of assets among gold, deposits, stocks, and other investment channels will help reduce risk better than concentrating all resources on gold," Mr. Khanh commented.

Gold expert Tran Duy Phuong predicts that both global and domestic gold prices will continue to decline in the near future, despite a short-term market recovery. According to Mr. Phuong, investors should prioritize observation rather than rushing into investments at this time.

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Experts agree that gold should still be included in people's asset portfolios, but only in a reasonable proportion. An allocation of 15-25% of total assets is considered appropriate in the current context. Besides gold, people should diversify their portfolios with other investment channels such as savings deposits, stocks, bonds, or real estate to minimize risk.

In the context of volatile and unpredictable gold prices, the principle of "not putting all your eggs in one basket" continues to be considered appropriate advice for individual investors by experts.

Source: https://znews.vn/het-thoi-tat-tay-voi-vang-post1659831.html