Gold Prices Climb as Investors Seek Safe Havens

In a remarkable turn of events, gold prices have soared to an 11-week peak, with the price of gold rings increasing by 0.11% to VND87.8 million per tael. It's important to note that a tael is equivalent to 37.5 grams or 1.2 ounces, highlighting the significant value of this precious metal.

Global Gold Market Trends

On the global stage, gold prices experienced a slight dip on Thursday, retreating from a near three-month high. This fluctuation occurred as the dollar gained strength, and investors remained on edge, eagerly awaiting further developments regarding U.S. President Donald Trump's trade policies, as reported by Reuters.

Spot gold saw a decrease of 0.1%, settling at $2,751.87 per ounce. This comes after prices reached $2,763.43 on Wednesday, marking the highest point since October 31, when gold hit a record high of $2,790.15.

U.S. gold futures also experienced a downturn, shedding 0.3% to $2,761.70.

Expert Insights on Gold's Market Position

"The recent pullback is largely technical, driven by the dollar's recovery to the $108 level, which has prompted some investors to book profits. However, the underlying sentiment for gold remains positive," explained Ajay Kedia, a director at Kedia Commodities in Mumbai.