#GoldSilverOilSurge

Precious metals prices continue their strong upward trend following tensions in the Middle East. In the domestic market, gold prices reached nearly 191 million VND per ounce, up 4 million VND in just one trading session. Global gold prices also hit a monthly high of $5,365 per ounce. Experts say the new crisis in Iran has also significantly increased demand for gold as a safe haven.
Experts unanimously raise gold price forecasts.
In particular, UOB financial experts continued to raise their optimistic gold price forecast to $5,400 per ounce in the second quarter, $5,600 per ounce in the third quarter, $5,800 per ounce in the fourth quarter and $6,000 per ounce in the first quarter of 2027. This forecast is an increase compared to previous forecasts.
According to experts, before the escalation of the conflict in Iran, the price of gold was consolidating around $5,000 per ounce after a sharp increase in profit-taking in late January (from $5,500 to $4,600 per ounce). This morning, the price of gold rose again above $5,300 per ounce.
Despite significant short-term volatility, long-term demand for gold as a safe haven remains very high. Global central banks continue to buy aggressively, while individual investors are also increasing their purchases of physical gold. The new tensions in Iran are further strengthening this demand for a safe haven.#GOLD
$XAU