Experts Caution Against Borrowing to Invest Amid Record Gold Price Surge

Vietnam’s gold prices have risen to unprecedented levels, with gold ring prices reaching record highs of up to VND 83.45 million per tael.  Factors such as the US Federal Reserve’s interest rate cuts, geopolitical tensions, and increased central bank gold purchases have contributed to the surge.  

Experts advise against borrowing money to invest in gold, as sudden price drops could lead to substantial financial losses.  They also predict that global gold prices could potentially reach $3,000 per ounce by mid-2025.