Gold and silver prices surge amid bullish long-term forecasts

Gold and silver prices are experiencing significant volatility and upward trends. Globally, gold prices have surged, recently surpassing 4,600 USD per ounce. Thomas Kaplan, Chairman of Electrum Group, has issued a highly optimistic long-term forecast, suggesting gold could potentially increase tenfold to reach levels between 30,000 and 50,000 USD per ounce.

In Vietnam, the domestic gold market shows a complex landscape. While global prices have risen sharply, the gap between SJC gold bars and international prices has narrowed to its lowest level since 2020, with SJC trading at approximately 147 million VND per tael. Meanwhile, some local jewelry retailers report gold ring prices that are higher than the global equivalent, while others remain significantly lower.

Silver prices have also seen a strong rally, with daily increases noted in several domestic trading companies. These fluctuations reflect broader market adjustments and shifting investor sentiments regarding precious metals.