.jpg "Giá vàng SJC bật tăng mạnh lên ngưỡng 80 triệu đồng/lượng")
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In less than 8 months, the world gold price has set a record 28 times and has now surpassed 2,500 USD/ounce. Many experts predict that the gold price will continue to increase and will soon set new records.
Domestic gold prices last week recorded fluctuations following the world. SJC gold bars increased by 1.5 million VND on August 13, reaching 78 million VND/tael (buy) and 80 million VND/tael (sell).
Similarly, plain round gold rings also increased sharply, listed at 77-78.4 million VND/tael (buy - sell).
Last week, world gold prices set a new peak of 2,507 USD/ounce.
Gold prices hit a record high for the 28th time this year due to safe-haven demand, according to MarketWatch.
Along with strong demand from central banks, the precious metals market is also attracting new investors.
The world gold price opened the first trading session of the week at 2,429.49 USD/ounce. After that, gold continued to increase in trading sessions in the Asian and European markets, up to 2,452 USD/ounce and then reached the highest level of the day at 2,476.3 USD/ounce in the US market.
On Tuesday, the world gold price was stable. On Wednesday, gold fluctuated strongly, especially after the US economic data was released, causing negative impacts, causing many investors to sell off, the world gold price immediately dropped to 2,440 USD/ounce.
Gold prices rose again on Thursday and Friday. In Friday's trading session, gold prices surpassed the $2,500/ounce mark, setting a new record. At the end of the weekend trading session, the world spot gold price was at $2,507/ounce. The December 2024 gold futures price was trading at $2,546/ounce.
According to statistics, gold prices have reached new record highs many times. However, never before have so many new record prices been broken in such a short period of time.
According to expert Peter Spina, gold attracts buyers when prices fall, which proves that the market attracts new investors. Western gold investors jump into the market and ease the sell-off.
Spina believes that gold prices still have many opportunities to increase due to global instability from geopolitical risks to finance and economy.
Experts believe that gold is in an uptrend and the next record level is still a "mystery" because the time for the US Federal Reserve to cut interest rates is still ahead.
According to the latest Kitco News weekly gold survey, the majority of experts and investors believe that gold prices could continue to surpass the all-time high (just set last weekend) in the near future.
Adrian Day, chairman of Adrian Day Asset Management, predicts that the record price of precious metals will continue to be broken when a series of US economic data is about to be released, especially when the Fed cuts interest rates this year.
VN (according to Vietnamnet)