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Global trade tensions escalate, gold prices continue to reach new highs.
On the morning of March 28, the global gold price set a new record high at 3,085 USD/ounce, marking a growth of over 50% in just the past 2 years. Domestically, the price of gold rings also quickly surpassed the 100 million đồng per tael mark, and this historic milestone has caused many investors to become excited and rush to buy gold.
The strong growth of gold in recent times has even led many experts to begin questioning how long the price of gold will continue to rise.
Looking at other financial markets, stocks are still bracing for new tariff announcements from Trump, Bitcoin is struggling to hold resistance around $80,000, the crypto market is going through one of the lowest liquidity periods ever, And real estate can be said to be frozen.
So what is the reason that gold prices have surged so much in recent times, and could this be a positive sign for the resurgence of “digital gold” in particular and the crypto market in general? Let’s find out!