On the morning of April 11, the domestic gold price suddenly skyrocketed to a new record high of 106.4 million VND/tael. By noon of the same day, the gold price plunged to more than 104 million VND/tael (selling) for gold rings and more than 105 million VND/tael for SJC gold bars.

Reasons why gold prices fluctuate

Analyzing the recent gold price developments, Associate Professor Dr. Nguyen Huu Huan, Ho Chi Minh City University of Economics , said that a few days ago, the gold price plummeted due to high increases and high profit-taking pressure. At that time, the stock market was also on fire, and high margin call pressure caused some investors to sell gold to save their stock accounts, leading to a sharp correction in the gold price.

However, just two sessions later, gold prices rose to a new peak.

The reason is that global economic instability, especially the impact of trade wars, has raised concerns about recession and inflation in the US. This has caused investors to seek safe havens, including gold, leading to increased demand for gold.

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According to experts, gold prices will fluctuate, soon reaching the 110 million VND/tael mark. Photo: Pham Hai

Notably, demand for gold in China has also increased as many investors in this country are worried about the devaluation of the yuan, so they buy gold to preserve its value. Along with that, President Donald Trump's constantly changing policies have made many people worried, not knowing what the next move will be.

In that context, many people sought safe haven assets, rushing to buy gold, causing gold prices to increase rapidly.

Sharing with VietNamNet reporter, financial expert Phan Dung Khanh said that the increase in gold price is also driven by the downward trend of the USD, along with central banks returning to buying gold, although not as strongly as in the previous period.

“There was a time when the gold price broke through the $3,000/ounce mark, but just a few days later it jumped back up, surpassing $3,200/ounce. Therefore, the probability that the world gold price could increase to $3,500-3,600/ounce in the first 6 months of the year is quite high,” Mr. Khanh analyzed.

Buying gold now, are you worried about "catching the top"?

According to Associate Professor, Dr. Nguyen Huu Huan, domestic gold prices will increase following world gold prices.

“When the gold price was at VND100 million/tael, I predicted that the price could increase to VND110 million/tael. Now, I think the gold price could jump to this level sooner than I predicted. When the gold price was at VND106 million/tael, it only took two strong increases to reach VND110 million/tael.

Therefore, experts believe that the world gold price will increase to the mark of 3,600 USD/ounce this year, which is possible," said Mr. Huan.

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Experts note that when gold prices continuously set records, if you are not careful, you can buy right at the peak at any time.

However, gold prices do not increase continuously but will have alternating increases and decreases.

“Global economic fluctuations, especially when the world shifts from a trade war to a currency war, increasing pressure on countries to devalue their domestic currencies will further support the increase in gold prices,” said Mr. Huan.

Meanwhile, expert Phan Dung Khanh said that domestic and world gold prices tend to approach each other. “The increase or decrease can be lower or higher, but domestic prices cannot go against world prices,” said Mr. Khanh.

Therefore, he recommends that investors should diversify their investment portfolio. In case of being "crazy" about gold, they should not keep 100% of their assets.

“You should not go all in on any one product. You can buy 30-40%, maximum 50% of your capital in gold; the rest should be allocated to other assets such as savings, government bonds, etc.”, Mr. Khanh suggested.

According to Mr. Khanh, the gold cycle will have years of increase, years of decrease and times of sideways movement.

The years when gold prices increased sharply were only about 20-30% and lasted for a maximum of 2-3 years, after which they would decrease or remain flat, not increasing continuously for a decade. Comparing the current gold price with more than 1 year ago, the gold price has increased by more than 50%, Mr. Khanh assessed that this is an extremely rare level in history.

"The gold cycle is longer than the economic and stock market cycles. The gold cycle is usually 20-40 years, while the economic cycle is about 10 years," Mr. Khanh analyzed.

Therefore, experts note that when gold prices continuously reach peaks, if you are not careful, you can buy right at the peak at any time, which is very risky.

Gold price today April 11, 2025: SJC and rings firmly at the record high of 105 million VND . Domestic gold price today April 11, 2025 ended the session still up 1.6 million VND/tael after decreasing more than 1 million VND compared to early this morning. SJC gold bar price still firmly holds the record high of 105 million VND/tael, gold rings over 104.4 million VND.

Source: https://vietnamnet.vn/vang-dat-cot-moc-hiem-hoi-trong-lich-su-doc-ket-mua-vao-co-rui-ro-2390235.html