Get the latest crypto news, updates, and reports by subscribing to our free newsletter.
Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
© 2026 Index.vn
Buying activity by large investors, often referred to as “whales,” has emerged as world gold prices retreat to around $4,647 per ounce and trade mainly near the $4,643 per ounce level. The precious metals market has generally steadied as investors await further signals from US–Iran tensions, particularly around the timing of reopening the Hormuz Strait.
Muavangbac.vn reports that the world’s largest gold fund, SPDR Gold Shares, bought a net 3.43 tons of gold on April 6. This increased the fund’s total holdings to 1,054 tons.
The whale buying took place while gold traded around $4,647/oz and approximately $4,643/oz. Analysts noted that the market has been more stable as investors look for developments in US–Iran tensions, especially regarding whether and when the Hormuz Strait could reopen.
Analysts said that if the conflict persists, oil prices could continue higher due to supply constraints. That scenario could raise inflationary pressure, potentially limiting central banks’ ability to ease policy. Some views cited in the article also suggest rate hikes could be considered if energy prices keep rising—an outcome described as a negative factor for gold.
In Merrill’s Capital Market Outlook, Ms. Emily Avioli, Vice Chair and Investment Strategist at Merrill, said that even as inflation rises and geopolitical tensions intensify, gold prices have fallen about 16% since the Middle East conflict began. She added that gold has moved in line with risk assets rather than acting as a safe haven.
According to Avioli, the adjustment is mainly attributed to technical factors following a period of rapid gains, along with profit-taking pressure, rising yields, and a stronger dollar—factors that reduce gold’s appeal in the short term.
Despite the near-term headwinds, the article said gold’s long-term drivers are still in place. These include large fiscal deficits, central bank diversification of reserve holdings, and the prospect of a weaker dollar over the long run. As geopolitical risk gradually eases, these drivers are expected to return and support gold prices.
Based on this assessment, the analyst maintains a positive view on gold over the long term, describing it as an important diversification tool for investment portfolios.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…