Gold prices have hovered around $3,700 per ounce over the past week, surging nearly 40% year-to-date. Unsurprisingly, some investors are leveraging the Federal Reserve’s cautious stance on monetary policy easing as an opportunity to lock in profits. However, no analysts appear ready to call it quits on this rally anytime soon.
Even as gold achieves its strongest annual performance since 1979, no analysts are advising investors to slow down. France’s Société Générale has increased its gold allocation, holding a maximum of 10% in its Multi-Asset Portfolio Strategy.
They’re not alone. Billionaire Ray Dalio, founder of Bridgewater, stated on Friday (9/19) at the FutureChina Global Forum 2025 that investors should hold at least 10% of their portfolios in gold.
Meanwhile, Morgan Stanley’s Chief Investment Officer, Mike Wilson, recommends a 60/20/20 portfolio allocation, with gold and Treasury bonds evenly balanced.
To put this demand potential into perspective, gold holdings account for only about 2% of total global financial assets.
Even as gold prices near record highs, data from the World Gold Council shows that global holdings in gold-backed ETFs remain significantly below the 2020 record levels.
It’s no surprise that gold is drawing significant attention as investors seek to protect their assets. Inflation, driven by rising government debt, has become a substantial market risk. The U.S. budget deficit has surged by $2 trillion this year, pushing total debt past $37 trillion. Yet, this isn’t solely a U.S. issue.
The entire world is drowning in escalating debt. As a result, gold continues to hit record highs against all major currencies, including the Canadian dollar, British pound, euro, Japanese yen, and Australian dollar.
Alongside growing U.S. government debt, investors are also seeking alternatives to the U.S. dollar as concerns rise that the Federal Reserve is losing its monetary policy independence.
While the Fed has outlined a relatively gentle easing path, some analysts note the potential for more aggressive cuts—particularly in 2026, when President Trump appoints additional governors to the board.
Despite the possibility of volatility or a new consolidation phase, many analysts predict that investment demand will remain robust, with market dips viewed as buying opportunities—a trend evident over the past three years.
Afternoon of September 19th: Gold Ring Prices Continue Downward Trend
As of the morning of September 19th, SJC gold prices remain relatively stable compared to the previous day’s close, trading within the range of 130.0 to 132.0 million VND per tael. Meanwhile, prices for plain gold rings continue to decline, dropping by approximately 200,000 to 300,000 VND per tael.
Surprise Power Unleashes Nearly $35 Billion to Scoop Up Vietnamese Stocks on September 18th
Proprietary trading firms significantly ramped up their net buying activities on the Ho Chi Minh Stock Exchange (HOSE), accumulating a total of VND 769 billion in the latest trading session. This surge underscores their growing confidence in the market and strategic positioning amidst evolving economic conditions.
Bitcoin and a Wave of Cryptocurrencies Surge Ahead of a Major Event
As Bitcoin and numerous altcoins experience a surge in value, global investors are turning their attention to the Federal Reserve’s monetary policy meeting, a pivotal event that could shape the future of the cryptocurrency market.
Today’s Crypto Market, September 17: Latest Bitcoin Forecast
Alongside Bitcoin, major cryptocurrencies such as Ethereum, Solana, and BNB also recorded significant gains on the morning of September 17th.
Global Central Banks Caught in the “Vortex” of Interest Rates
Central banks worldwide are actively adjusting their interest rate policies, signaling significant shifts in global financial landscapes.
