The scenario predicts that the price of gold will reach $10,000.
Global gold prices are experiencing an unprecedented surge. Many experts predict that gold prices could skyrocket by another 150%, reaching $10,000 by 2028.
As of 8 PM on October 15th (Vietnam time), the world gold price was recorded at $4,197.33 per ounce. At the same time, gold contracts for December 2025 trading on the Comex exchange in New York were slightly higher, at $4,216.64 per ounce.
Compared to the end of 2024, the world gold price has increased by 56.8%, equivalent to $1,490 per ounce. Converted to Vietnamese Dong using the Vietcombank exchange rate, the world gold price is approximately 133.7 million VND per tael, including all taxes and fees. This price is about 14.3 million VND lower than the domestic gold price as of the end of the afternoon on October 15th.
Notably, many experts predict that the upward trend in gold prices will continue strongly. They forecast that in the next three years, gold prices could even surge by another 150%, reaching $10,000 per ounce by 2028.
The main reasons for the rise in gold prices stem from factors such as global trade tensions, loose monetary policy, and persistent inflation concerns, making gold a bright spot in the financial markets.
Recent developments have further reinforced this trend. Immediately after US President Donald Trump announced the imposition of an additional 100% import tariff on Chinese goods and restrictions on software exports, the price of gold surged.
The market's reaction was clear: stocks plummeted, the US dollar weakened, while gold rose by 1.5% in just one day. This event shows that whenever there are signs of instability, investors immediately turn to gold as a way to protect their assets.
According to expert Ed Yardeni, President of Yardeni Research, there are several solid reasons to believe that the price of gold will continue to rise.
Gold is benefiting from a number of factors including persistent inflation, a trend of central banks gradually reducing their reliance on the US dollar, the real estate crisis in China, and geopolitical shifts from the US-China trade war.
Based on these analyses, Ed Yardeni aims for the price of gold to reach $5,000 per ounce by 2026 and even up to $10,000 per ounce before 2030.
Behind the optimistic forecasts for gold prices lie fundamental factors related to monetary policy. The US Federal Reserve has shifted towards a more dovish monetary policy by cutting interest rates, aiming to support the labor market. However, this move has led many investors to worry that inflation will continue to rise.
Furthermore, the massive public debt in developed economies, particularly the US, is devaluing currencies and fueling a new trend: a shift towards tangible assets like gold and bitcoin.
In the current climate, many investors are engaging in a strategy known as "non-monetary trading." Essentially, they are betting on the likelihood that governments will allow inflation to rise as a way to alleviate their public debt burden.
As confidence in the value of money declines, gold further solidifies its position as a symbol of safety and a reliable store of value over time. This explains why gold continues to attract large inflows of capital even at what are considered very high prices.
Forecasts indicate a short-term decline in global gold prices.
After a series of consecutive price increases and record highs, the gold market is showing signs that buying pressure may have temporarily weakened. Many investors have chosen to sell to lock in profits after the sharp increases, causing gold prices to correct downwards from their recently established peaks.
Another important factor contributing to the "cooling down" of gold prices is the tension in US-China trade relations. Recent moves from US President Donald Trump are seen as more conciliatory, raising expectations that negotiations will help ease the conflict between the two major economies.
In addition, increased cooperation between the US and the European Union to counter restrictions on the supply of rare earth minerals from China has also helped to alleviate concerns in the global market.