In the days close to the God of Wealth, the domestic gold market began to become bustling. However, this year's buying and selling atmosphere takes place in a special context when world gold prices increase sharply, continuously setting new highs.
According to records, the international gold market increased in the context of increasing safe-haven demand. This development quickly impacted domestic gold prices, pushing the price level to the highest level in history.
Talking to reporters, a representative of Bao Tin Minh Chau's media said: "In recent days, the world gold market has continuously hit new peaks in the context of soaring safe-haven demand.
From a market perspective, a representative of Bao Tin Minh Chau said that gold purchasing power has tended to increase in recent days, but mostly small transactions. "Gold purchasing power has increased but mainly buying for good luck in small quantities, a few just because this year gold prices are at the highest level in history" - this person informed.
Besides buying for good luck on the occasion of the God of Wealth, the market also recorded a selling trend in a part of customers. "There are also some customers selling to take profits, because gold prices are trending up at the present time" - a business representative added.
Meanwhile, economic expert Nguyen Tri Hieu has repeatedly warned people to be cautious when buying gold on the God of Wealth Day. According to him, buying gold on this day largely stems from psychological factors, while prices are often pushed up due to increased demand.
Experts also noted the risks from the buying-selling price difference and the possibility of fluctuations after peak days. Buying large quantities of gold at high prices can put buyers at risk of losses if the market adjusts.
Reality in recent years shows that the trend of buying gold on the occasion of the God of Wealth is still maintained, but people's psychology has become somewhat cautious as gold prices continuously rise. Many people choose to buy small quantities for good luck instead of large-scale hoarding.
In the context of gold prices being at peak levels, people need to clearly define their goals when spending money. Gold is a long-term asset, so buying and selling decisions need to be based on financial capacity and appropriate holding strategies, avoiding following the psychology of the crowd.
