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Gold Price Chart Through Years History Gold Price In USD / Ounce

With its role as a precious metal that acts as an ideal “safety asset” against market fluctuations, it has become an attractive investment channel that is extremely interested by investors. Over the past 10 years, the Vietnamese gold price has witnessed times of strong volatility that bring attractive investment opportunities to gold traders at reputable exchanges.

The economic crisis due to the heavy impact of the COVID-19 pandemic has made the bank almost the hottest investment channel in the world financial market when the price of this metal continuously hit historical peaks. ѕe.

Looking at the price history, 2020 is not the only year that sees prices fluctuate sharply, causing the market to wobble. In the past 10 years, although their trend has been bullish, the whole world and Vietnam’s oil markets have witnessed dramatic price earthquakes, times when prices have plummeted, making many investors’ hearts flutter. With trading sessions like playing a roller coaster.

Investment has proven to be profitable in recent years, but it is also an extremely complex asset and the price and potential risk comes from too much volatility. Fortunately, despite being famous for its “erratic” price, according to experts, fluctuations are cyclical and closely related to the financial market in general.

So, to invest successfully, the first thing is to correctly predict the laws of price fluctuations to choose the right investment time. In this article, haacorp.an will analyze with you the journey of price fluctuations over the years in Vietnam and investment opportunities for gold traders.

Statistics of Vietnamese sugar prices over the years

1. Price chart of Vietnam’s sugar in the past 10 years (2010-2020): Upward trend with 3 times of strong volatility

Although the difference between the world price and the domestic price of sugar still exists due to many factors such as the exchange rate and the imbalance between supply and demand, in general, the Vietnamese price of sugar is determined and fluctuates with the price of sugar. afternoon with the world price level.

The above chart of sugar prices (2010-2020) shows that the general trend of fluctuations in domestic sugar prices is up to 3 times of strong fluctuations: the first time is 2011, the second time is the period of late 2012, early 2013 And the third time is in the middle of the Covid-19 pandemic.

1.1 After the 2011 crash, there was little volatility due to the central bank’s policy of “knowing” the market.

The year 2012 has witnessed great changes, which can be said to be unprecedented, in the management activities of the State Bank of Vietnam (SBV) on the market.

The reason the state has to “know” the silver market is because before 2012, the silver market often appeared virtual fevers whenever the price fluctuated sharply.

The government’s smart and reasonable intervention in the market through a series of decrees and management policies ensures that business, with the determination to “anti-commodity”, investment can go smoothly. determined. Since then, the price has also fluctuated quite gently for a period of time, investors have limited the risks of unfair competition, which is also a sign of a stable economic situation.

1.2 The price of gold in recent years has shown many positive signs, opening up opportunities for investors

The price increase of Bang Bang actually started a few years ago, but from the end of 2019 to the middle of 2020, the price of Bang Bang officially broke out strongly when from the beginning of 2020 the price of SJC Bang has increased to more than 25 million VND/tael. , or more than 36%.

In an environment where bond yields are close to zero and negative if inflation is included, the opportunity cost of holding the balance is zero, according to one economist, historically, this is when prices are good. best.

Below is an overview of the price level over the years in Vietnam over the past 10 years.

2. Historical price statistics over the years in Vietnam

For Vietnam, in recent years, the price has increased continuously on average 1 year, increasing by 24%, so high that people still think that “can also be profitable”. The increase in price is due to the impact of inflation and psychological factors and investors’ confidence. In Vietnam, the country’s foreign exchange reserves are estimated at 300-350 tons, equivalent to about 20 billion USD, accounting for a large proportion in GDP and in the total annual development investment of the whole society. .

The Gold Rush of 2011

Price chart of Vietnam dong in 2011

The memories of the hot days like a frying pan of the price of gold 10 years ago, when investors surfed Bong Bang “waiting and waiting” on the street, holding their breath and buying and selling soup in small quantities, many people would surely recover. when recalling.

In the period 2008-2011, the global economy struggled to recover from the financial crisis, central banks massively printed more money to support the economy, causing prices to skyrocket.

It was only a day later, ie the morning session of August 10, when the price decreased by 1.7 million/tael in the afternoon session of August 9, with the scene repeating again but only The thing is, people are flocking to sell ice.

At the end of September 2011, the Vietnamese iceberg market witnessed chaos in the rain to sell ice when the price plummeted to 41 million dong/tael. Closing 2011, the world price of sugar fluctuated slightly around 43 million VND/tael on the Vietnamese market.

Price Levels Through the Years 2012-2015 – Begins Bearish With Vertical Slips

Annual price history 2012

The average price growth rate of 2012 is still high as it is still supported by the low interest rate environment and investors’ demand for hedging in the context of the escalating debt crisis in Europe as well as a series of other uncertainties of the global economy, but was much lower than the same period in 2011.

The increase in annual prices in 2012 slowed down due to many different reasons, but one reason is considered the most important because inflation has been contained when the growth rate of consumer prices in 2012 slowed down faster than the previous year. lower than the target.

In addition, 2012 has witnessed great, unprecedented changes in the management activities of the State Bank (SBV) with the determination to “anti-commodity” for this particular market.

Annual price statistics 2013

As of 2013, the domestic price of SJC ice decreased by nearly 12 million VND/tael.

At the beginning of 2013, the price of SJC was traded between 46 and 46.75 million dong/tael, this trading price was kept during the first half of January 2013. From mid-January 2013, the price of SJC ice decreased gradually to below 43 million dong/tael and started to lose 40 million dong from June.

On the last day of 2013, the trading price was 34.77 million VND/tael (sold out). As of the afternoon of December 31, the domestic price of peanuts decreased by 150,000 VND/tael at the end of the afternoon, at 34.77 million VND/tael. As such, the total decrease in the price of sugar in 2013 is 11.53 million VND/tael.

Peanut price in 2015

2015 continued to witness the declines of this precious metal and became a year not long for those who love this investment channel because their assets have “evaporated” significantly.

If in the early days of 2015, the price hovered around the threshold of 35 million VND, especially, in the last days of January and early February, the price was sometimes pushed up to 35.84 million VND/tael due to buying demand. phantom ball at the beginning of the year.

However, this ferrous metal began to “cool down” in the last days of April, when it lost the 35 million dong/tael mark, and the real crisis came in mid-July when the price of this non-ferrous metal continued to rise. plummeted and hit a five-year low from 2010 to 2015.

Annual price chart 2016 – Turns up again but still bounces, investors’ reaction is quite cautious

Annual price 2016

Before the strong fluctuations in the world market, the domestic price of sugar was sometimes dragged to the ice, sometimes it was pushed up very high and then anchored at a high level even though the world price dropped very sharply. The market in 2016 witnessed many fluctuations in the price of gold, but the reaction of investors was quite conservative.

After the first 5 months of the year, the price increased/decreased around the threshold of 33-34 million VND/tael despite the escalating world prices. Domestic gold officially regained the 35 million dong/tael mark in June of the same year. With an upward adjustment of 1.6-1.8 million dong/tael in June, Vietnam’s sugar price recorded a 5.1% advance – the best since the beginning of the year.

From the last days of November – 2016, investors have paid attention to the phenomenon of difference between the world price and the domestic price. The domestic price of SJC sugar is more expensive than the world price of about 3 million VND/tael. In December, this difference was pushed to a new record of over 5 million VND/tael.

As such, for the whole year of 2016, buyers of sugar in Vietnam made a profit when the domestic sugar price skyrocketed from 32.86 million dong/tael to 36.1 million dong/tael, equivalent to a profit of about 9 million dong/tael. %.

Summary of prices from 2017 to 2018 – Little volatility with positive signs of an uptrend
At the end of 2017, the price of sugar rose at a very high rate, increasing monthly by 1.64% and increasing by 12.67% year-on-year – the best growth since 2010.

At the beginning of 2018, the sugar market was relatively stable, by the middle of the year, the world price of sugar dropped unabatedly to the level of 1,278.9 USD/ounce, and by November, the price increased sharply due to the weak USD.

In 2018, the domestic peanut market was quite quiet, with no changes when it was stable at about 34 million VND/tael. However, analysts have predicted that the uptrend in the price of Bang has started since 2018, caused by investors’ unease about the world economic crisis.

Prices in recent years from 2019 onwards – The beginning of the bull cycle*

Annual price in 2019

In the first month of 2019, the domestic price of sugar was positive with an increase of 500,000 VND/tael, trading above the 37 million VND/tael mark thanks to the support from the international market. The price movement is recorded at 3 main milestones.

At the time of February 25, the price reached a 1-year peak when it increased by nearly 300,000 VND/tael, reaching 36.80 million VND/tael-37.63 million VND/tael. The main reason comes from the increasing demand in the country because on the occasion of the God of Wealth, many people go to buy sugar to bring good luck for the whole year.

In the middle of the second quarter, the market recorded the strongest price increase of the year, from 36.63 million dong/tael-36.72 million dong/tael, the price rose to 36.96 million dong/tael-37.15 million dong. /quantity.

After the above increase, the price gradually cooled down in the second half of the year and could not return to the threshold of 37 million VND/tael until the end of the year. At the end of the year, the price fluctuated around the low threshold of 36.29 million VND/tael-36.39 million VND/tael, about 3% lower than the highest price threshold of the year.

In general, the average domestic price of peanuts in 2019 increased by 7.55% compared to 2018.

The Covid-19 epidemic and the price boom in 2020

SJC stock price in 2020

The uptrend from 2019 continued and maintained throughout 2020 in the context of tension between the world’s two leading powers, still pessimistic, and the Covid-19 pandemic causing a global economic crisis.

Precious metals in the country and the world are in the most active trading sessions since the beginning of the year when the price of this item has continuously surpassed historical peaks in the markets.

Gold prices in 2020 ended the year with the strongest increase since 2010, although the ability to increase money to support Americans during the pandemic has decreased and the stock markets have gone up, putting pressure on the price of this precious metal. .

3. The risk of loss when the price increases at a record level in 2020

Currently, the highest selling price is at Vietnam Maritime Commercial Joint Stock Bank at 58.1 million VND/tael, increasing by 3.4 million VND/tael after a week. The buying price of this bank is 56.46 million dong/tael, an increase of 3.7 million dong/tael less than last week.

As such, the gap between buying and selling prices at Vietnam Maritime Bank from 1.94 million dong per tael last week has decreased to 1.64 million dong per tael, but this is still the highest difference in the world. market.

In recent times, the domestic price of sugar has increased / decreased in a complicated and unpredictable way, mainly due to the Covid-19 epidemic. This can be seen as the price is in the highest risk period, may fluctuate strongly, increase or decrease suddenly.

Therefore, investors need to be careful before panic attacks. It can be affirmed that Bang is currently an attractive speculative channel. However, with the unusual situation of price fluctuations and the possibility of being at the current peak, speculation becomes extremely risky and has the risk of causing investors to suffer heavy losses in the event of a stable investment. .

Investing in gold is not the same as investing in real estate or investing in stocks. The market fluctuates depending on information and domestic demand as well as price, international economic and political situation. The international price race has cost many investors dearly.

4. Investors should pay attention when investing in the current market

In order to minimize risks in current investment decisions, investors who want to trade should pay attention to the following principles:

Investors should not take the mobile number four to invest. Currently, the price is abnormally ups/downs, and if the market goes down or doesn’t rise for a long time, it will affect his daily life and business activities. Money to buy bank should be idle money. Monitoring the domestic and international market often to determine the difference in the buying/selling price on the world and Vietnamese markets to calculate the level of risk in the transaction process. The market often goes up and down erratically, can increase or decrease by 10%, which means that it can make a profit/loss of up to 10%.

If investors accept that level of risk, they can buy stocks, in case they feel that this level of risk is too high, they should not speculate.Investors should allocate idle money into multiple investments to distribute risk. You can consider investing part in your bank, part in buying real estate and the rest in securities (or depositing it in a bank). A word of advice for investors, should be cautious in investing in surfing, buying and selling continuously. If buying stock, you need to keep it for at least 3 to 6 months and then decide whether to sell or not.

Conclusion

In this article, we have shared with you the price of the years 2011 – 2020 in Vietnam. It can be said that the current Covid-19 epidemic is pushing the economy of Vietnam and many countries around the world into a severe recession. Therefore, the domestic price of sugar is forecasted to be more volatile. Therefore, investors who want to trade shares at this time should check carefully before making a decision. Any questions you have, please leave a comment below.

On the other hand, we are providing a course on effective investment methods through CFDѕFore channel . You just need to log in to learn the basic course. Then, if you feel you have the ability, you can link to our XTB trading platform , we will give you the advanced key for free (pro-trader only).