Many investment channels increase in price - Illustration: AI
Looking back, all investment channels are increasing in price.
In the trading session this afternoon (July 14), domestic gold prices continued to remain high at most businesses. At Bao Tin Minh Chau, plain rings were listed at 116.2 - 119.2 million VND/tael (buy - sell), while SJC gold remained at 119.5 - 121.5 million VND/tael.
In the international market, gold prices fluctuate within the range of 3,300 - 3,400 USD/ounce, with an upward trend recently under the impact of trade tensions and new tariffs expected to take effect from August 1.
Not only gold, domestic silver prices also continued to increase following the international market trend. At Phu Quy Gold and Gemstone Group, silver was listed at VND1,486 million/tael for buying and VND1,532 million/tael for selling.
The rally was supported by strong buying from ETFs, as silver holdings in funds hit their highest level in nearly three years.
In addition, US government bond yields have jumped, increasing demand for safe havens in precious metals - not only gold but also silver - amid growing global market uncertainty.
Along with the strong increase in precious metals, the digital asset and stock markets have also become more active in recent days. Notably, Bitcoin surpassed the $120,000 mark for the first time in the morning session of July 14.
According to estimates by Triple-A and Chainalysis, more than 17% of Vietnam's population has owned crypto assets, putting Vietnam in the group of countries with the highest rate of crypto market participants in the world . It is not difficult to understand why fluctuations in the crypto market always attract special attention from domestic investors.
Meanwhile, in the stock market, with great support from vibrant cash flow, VN-Index has had 7 consecutive increasing sessions, reaching 1,470 points.
Some securities companies and international organizations have just raised their forecast that the Vietnamese stock market index will exceed 1,600 points.
Forecasting fluctuations in upcoming investment channels
Regarding the stock market, Ms. Thai Phuong Thao - analyst of Vietcombank Securities (VCBS) - said that cash flow in the market is still moving vigorously.
However, she noted that early profit-taking pressure is starting to appear, as the index has increased by nearly 90 points without any significant correction. In addition, foreign capital flow - a factor supporting large-cap stocks - has just recorded its first net selling session after a series of consecutive net buying.
Faced with these signs, Ms. Thao recommends that investors avoid chasing hot stocks, maintain margin lending at a safe level, and consider disbursing into small and medium-cap stocks when the market fluctuates during the session.
In a recently released macro report, Yuanta Vietnam Securities said that world gold prices had been almost flat for the past two months after increasing sharply since the beginning of the year.
In the context of geopolitical and trade tensions still existing, Yuanta experts predict that gold prices may continue to maintain this price range until the end of 2025.
Besides gold, silver prices also recorded positive developments.
According to a report by the Phu Quy Gold and Gemstone Group's analysis division, silver has been accumulating around the $37-38/ounce range over the past week and breaking through important resistance zones is helping silver prices rise to their highest level in the past 14 years.
The rally was supported by increased demand from ETFs along with reduced selling volumes from producers.
Phu Quy analysts predict that silver prices may continue to move towards the upper edge of the bullish channel, with a short-term target above $42/ounce.
In general, in the context of a market with many unpredictable factors - from geopolitical risks, exchange rate fluctuations to global inflation, Associate Professor Dr. Nguyen Huu Huan, senior lecturer at Ho Chi Minh City University of Economics, recommends that investors should build a smart risk prevention strategy, especially following the principle of "not putting all eggs in one basket".
According to him, a reasonable portfolio allocation between channels such as stocks, real estate, bank deposits and partly into precious metals will help preserve capital, while creating room for sustainable profits in the long term.
Source: https://tuoitre.vn/loat-kenh-dau-tu-cung-nong-vang-bac-tang-cao-chung-khoan-sat-dinh-lich-su-20250714191814449.htm
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