Gold Prices Hold Steady in Vietnam

In Vietnam, the price of gold bars remained stable at VND86.9 million per tael, with one tael equating to 37.5 grams or 1.2 ounces.

Global Gold Market Trends

On the global stage, gold prices initially faced losses but managed to recover slightly as investors eagerly awaited Donald Trump's inauguration speech. The speech was anticipated to shed light on the new administration's policies, potentially influencing the Federal Reserve's interest rate decisions.

Spot gold saw a minor decrease of 0.1%, settling at $2,697.60 per ounce after a more significant drop earlier in the day. Meanwhile, U.S. gold futures experienced a 0.3% decline to $2,740.10.

Expert Analysis on Gold's Safe-Haven Status

Tim Waterer, chief market analyst at KCM Trade, commented on the situation: "Gold has been under selling pressure today, but its reputation as a traditional safe-haven asset should cap immediate losses. A more conciliatory tone from President Trump regarding trade and tariff policies could ease inflationary concerns, potentially benefiting gold as the U.S. dollar and Treasury yields might recede."

Gold is not only a hedge against inflation but also serves as a safe-haven asset during times of economic uncertainty.