As of mid-April 2026, the gold market is witnessing unprecedented volatility. The global gold price is currently fluctuating around the range of 4,700 - 4,800 USD/ounce, while the domestic SJC gold price has established a new price level, exceeding 170 million VND/tael. This is an astonishing milestone when looking back at the price history of a few years ago.
The factors driving the increase
This breakthrough is not coincidental but comes from the resonance of many macro factors:
Geopolitical tensions: Prolonged conflicts in the Middle East and instability in international relations have pushed investor sentiment into a defensive state, making gold the number one safe haven.
Global public debt pressure: The major powers facing rising public debt and the gradual weakening of the USD in the international reserve system have prompted central banks to intensify gold buying.
Inflation expectations: Although monetary policies have been adjusted, concerns about long-term inflation still drive significant capital into tangible assets.
Analysis and warnings
From an analytical perspective, although the long-term trend of gold is still in a growth cycle (some financial institutions like J.P. Morgan even predict a mark of 5,000 - 6,000 USD/ounce), short-term risks cannot be ignored.
Note: The gap between domestic and global gold prices is currently very high (at one point exceeding 20 million VND/tael). This creates significant risks for individual investors who "chase the peak" when the market experiences sudden technical corrections.
Advice: In the current phase of "volatile" price movements, the allocation of gold in the investment portfolio needs to be carefully calculated. Gold remains a good safe haven, but instead of going all-in, investors should prioritize a gradual accumulation strategy to minimize risks from strong market fluctuations.