Gold prices have soared to an all-time high of $3,300 per ounce, reflecting growing investor demand for safe-haven assets amidst global economic instability. At the same time, Bitcoin has shown resilience, maintaining a strong performance around $85,000, despite recent volatility. A report by Glassnode, released on April 16, 2025, highlights the increasing appeal of traditional assets like gold and Bitcoin as neutral reserve assets amid the restructuring of global trade relations.
Bitcoin, which briefly dipped to $75,000 last week, has since rebounded to nearly $85,000. However, it remains well below its all-time peak of $108,786, reflecting a decline of over 22%. Despite these fluctuations, Bitcoin’s recovery has been notable compared to previous downturns, where the cryptocurrency often experienced losses exceeding 50%. According to Glassnode, market unrealized losses peaked at $41 billion during the recent dip, but the majority of investors are facing a relatively moderate 24% unrealized loss, suggesting that investor pressure is less severe than during past bear markets in 2021 and 2022.
Notably, 75% of Bitcoin’s circulating supply remains profitable, with newer investors—those who entered the market during the price surge—bearing the brunt of the recent losses. This shift in investor demographics suggests that long-term holders are less affected by the recent price fluctuations.
Meanwhile, gold has firmly solidified its position as a safe haven, with prices surpassing the $3,300 mark. As of April 17, 2025, the global price of gold stood at $3,311.01 per ounce, reflecting a daily increase of $89.12. Analysts attribute the surge to several factors, including a weakening U.S. dollar, heightened concerns over tariffs, and fears of a global recession. Lukman Otunuga, a senior analyst at FXTM, noted, “Gold is being supported by a weaker USD, uncertainty surrounding tariffs, and concerns about a global recession,” underscoring the multifaceted forces driving gold’s price rise this year. The precious metal’s value has increased by nearly $700 in recent months, fueled by ongoing geopolitical tensions and economic uncertainty.
The surge in gold prices comes amid escalating trade tensions, particularly between the U.S. and China. The situation has been exacerbated by former President Donald Trump’s call for a review of potential tariffs on all strategic goods imported from China. This move has added further instability to global financial markets, prompting investors to flock to gold as a safe store of value. Additionally, the U.S. dollar has fallen to its lowest level against other currencies in nearly three years, further enhancing gold’s appeal for foreign investors.
In Vietnam, domestic gold prices have mirrored global trends. As of April 17, 2025, the DOJI Group listed SJC gold bar prices at 113 million to 115.5 million VND per tael, marking a 7.5 million VND increase from the previous day. Other local companies, such as Saigon Jewelry Company (SJC) and Bao Tin Minh Chau, reported similar gains, reflecting robust domestic demand for gold in response to international price movements.
Expectations of interest rate cuts by the U.S. Federal Reserve have also contributed to gold’s upward momentum. Analysts predict that if the current trend continues, gold could potentially reach $3,500 per ounce in the near future. Mike McGlone, a prominent analyst, believes that surpassing the $3,200 threshold signals the start of a stronger bullish trend, with a potential target of $4,000 per ounce.
Goldman Sachs recently raised its year-end gold price forecast to $3,700 per ounce, suggesting that prices could rise as high as $3,900 if economic conditions deteriorate further. The investment bank anticipates that gold could reach $4,000 per ounce by mid-2026, driven by robust central bank demand and continued geopolitical tensions.
In addition to gold, other precious metals are also experiencing price movements. Silver has risen by 2.2%, reaching $33.01 per ounce, while platinum has increased by 0.5% to $963.76. However, palladium has seen a slight decline, falling 0.4% to $968.04.
As global markets continue to navigate an uncertain economic environment, experts predict that the upward trend in gold prices will persist. With growing demand for gold as a hedge against risk, the metal’s price is likely to remain supported, with domestic prices in countries like Vietnam expected to mirror international developments.
In conclusion, the ongoing economic turbulence highlights the growing significance of gold and Bitcoin as reliable assets in times of uncertainty. As investors seek stability, the performance of these assets will remain closely monitored, with implications for broader financial markets.
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