World gold prices have risen for nine consecutive weeks.

World gold prices closed the trading week with a gain of approximately 5%, but the final trading session saw a 2% decrease. This is the sharpest decline since May, when world gold prices fluctuated around $3,200-$3,400 per ounce, influenced by global trade volatility following US President Donald Trump's tariff announcement.

Despite short-term corrections, world gold prices ended the ninth consecutive week in positive territory, a feat only achieved five times since the 1970s. The last time world gold prices experienced a similar upward trend was between June and August 2020.

Historically, the price of gold has never recorded 10 consecutive weeks of increases. The market is now waiting to see if gold can maintain this upward trend for another week. This event is attracting particular attention from investors, as many view gold as a safe haven amidst a volatile global economy.

Five years ago, the price of gold in the world market first surpassed the $2,000/ounce mark. Afterward, the price fell sharply, hitting a low of $1,677/ounce in March 2021, and then continued to test the support level around $1,600 at the end of 2022. However, since November 2022, the price of gold has surged strongly, beginning a three-year upward trend that shows no signs of ending.

Major banks such as Société Générale, Bank of America, and HSBC have all raised their forecasts for global gold prices in 2026, projecting a level of $5,000 per ounce in the first half of the year. Even JPMorgan CEO Jamie Dimon suggested that global gold prices could potentially reach $10,000 per ounce under current conditions.

The main reasons are believed to be the continued rise in global public debt, leading to escalating inflation and slowing economic growth. At the same time, weakening confidence in the US dollar has made gold the only safe-haven alternative in the financial markets.

Although the long-term outlook for global gold prices remains positive, several new risks are emerging. Slowing economic growth is making it difficult for many businesses to repay their debts, putting pressure on the banking system. Some experts warn that the US could face a new regional banking crisis.

In addition, the failure of the US Congress to pass a new budget is increasing economic risks, potentially leading to a government shutdown that lasts longer than the record 35 days of 2018.

Amidst global anxiety and instability, world gold prices are becoming a "lifeline" for investors. However, when world gold prices rise too quickly, many investors tend to take profits, causing short-term market corrections.

However, based on previous cycles, experts believe that these corrections are usually short-lived and do not affect the long-term upward trend of world gold prices.