In response to US President Donald Trump's announcement of reciprocal tariffs on a series of countries, world gold prices rose sharply, setting a new record of over 3,160 USD/ounce, then quickly decreased due to profit-taking pressure.

Sharing with VietNamNet reporter , Mr. Nguyen Quang Huy, Executive Director of the Faculty of Finance - Banking, Nguyen Trai University, commented that the world gold price reflects the defensive psychology of investors in the face of global economic and political fluctuations.

According to Mr. Huy, one of the important reasons is that the US has imposed reciprocal tariffs on a series of countries, raising concerns about a prolonged trade war.

“As risks increase, gold continues to be seen as a safe-haven asset, causing strong demand, pushing prices to unprecedented highs,” he said.

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In Vietnam, Mr. Huy commented that gold prices tend to fluctuate according to world price movements. However, unlike free markets, domestic gold prices are also regulated by the State Bank to ensure supply-demand balance, macroeconomic stability and national monetary security.

Therefore, although the world gold price increases sharply, the increase in domestic gold price may not be consistent with the world price.

Therefore, investors need to closely monitor moves from regulators before making a decision.

In addition, Mr. Dinh Tuan Minh, Director of the Center for Market Solutions Research for Socio-Economic Issues, said that gold is a tool to protect against fluctuations in the global economy. The imposition of tariffs by the US will lead to reactions from countries, however, it is not yet known what those reactions will be.

The global economy is facing the risk of volatility and unpredictable developments. Therefore, investors are looking for a safe haven to hedge against risks and gold is always the channel of choice, causing gold prices to increase.

According to Mr. Minh, the Government should quickly build a modern gold certificate market, connected with the world instead of the current physical gold market.

This will help people and investors have more investment channels to prevent risks, and help them reduce their investment in holding physical gold, contributing to stabilizing the gold market.

Beware of profit-taking pressure

According to Mr. Nguyen Quang Huy, gold prices are at a historical peak, with the RSI (Relative Strength Index) indicator surpassing 75, indicating that gold is in the overbought zone and may face strong profit-taking pressure in the near future.

This means that the market can correct downwards at any time as profit-taking sentiment increases.

In this context, experts note that investors need to be extremely cautious and avoid following the FOMO (fear of missing out) mentality.

“Gold prices may continue to rise, but there is also a risk of a sharp correction. Therefore, making investment decisions at this time requires careful consideration, instead of acting on emotions,” Mr. Huy advised.

Gold is an important investment channel, but like other assets, it should not take up too large a proportion in the investment portfolio. Experts recommend that the proportion of gold should not exceed 10% of the portfolio to avoid risks when the market corrects.

Instead of betting entirely on gold, Mr. Huy believes that investors and people should consider investing in knowledge, health and seeking startup opportunities in potential areas such as digital transformation, green transformation, technology and innovation. These are trends that can create sustainable value in the long term, instead of just following short-term fluctuations in the gold market.

Source: https://vietnamnet.vn/ong-trump-ap-thue-vang-van-co-the-giam-bat-cu-luc-nao-2387474.html