In the first 4 months of 2025, gold has shown impressive rebound when increasing by nearly 25% compared to the beginning of the year and continuously setting new records on MCX and COMEX exchanges.
This strong price increase is mainly due to concerns about geopolitical instability, trade tensions (especially between the US and China) and strong demand for safe-haven gold from both individual and institutional investors.
Although the world gold price has not shown a reversal trend, some experts recommend that investors be cautious before putting money down.
NS Ramaswamy - Head of Commodities in Ventura (a comprehensive financial services company based in India) said that gold should not be bought at this time.
Only consider buying when there is a short-term correction, the price zone should wait at 3,150 USD/ounce and 3,080 USD/ounce. In the next 6-8 months, gold prices could still reach $3,450 - $3,550/ounce. But at the present time, each price increase comes with the possibility of taking profits and adjusting down, he added.
He also warned that gold prices may be at their peak, and that too much investment in gold should not be done. If the US Federal Reserve (FED) is about to cut interest rates, that possibility has already been reflected in gold prices. As gold continues to hit new peaks, the risk of price fluctuations also increases.
Ross Maxwell - Head of Global Strategy at VT Markets (a multi-asset brokerage based in Sydney, Australia) emphasized that buying gold at the peak is a risky act because it is easy to encounter price adjustments.
If you invest in the short term, you should wait for the price to adjust slightly to the support zone to buy more effectively. But if your goal is to preserve your assets long-term or prevent macro risks, buying gold now is still reasonable.
A safe way is to buy them in batches (Dlars Cost Averaging) to reduce the risk. When prices drop, you can buy more to reduce prices on average, but if prices continue to increase, you still have a good price" - this expert said.
However, some experts believe that the outlook for gold prices is still positive. Prolonged trade tensions, inflationary pressures and central banks continuing to buy gold are factors supporting the price increase.
Navneet Damani - Senior Vice President in charge of commodity and currency research at Motilal Oswal Financial Services (a diversified financial services company based in Mumbai, India) commented: "In the context of a world full of policy instability, high inflation and geopolitical tensions, gold is still a safe haven.
As central banks increase reserves and investors seek safety, gold will continue to be a popular asset. Unless there is a major breakthrough in global trade negotiations, we still maintain a buying position when prices adjust in the medium and long term.
Meanwhile, Jim Wyckoff - an expert at Kitco, said that there is no factor hindering the current uptrend, as the technical graph maintains a positive signal and the demand for gold as a safe haven is still very strong.
Note: The article is for reference only, not investment advice. Investors should consult the market and experts before making a decision.
