Gold Prices Reach Unprecedented Levels

In a remarkable surge, gold prices have climbed to a historic high, with gold rings experiencing a 0.89% increase, reaching VND90.5 million per tael. Notably, a tael measures 37.5 grams or 1.2 ounces. This surge was highlighted when gold bars hit an all-time high of VND92.3 million per tael on Tuesday morning.

Global Gold Market Trends

On the global stage, gold prices have seen a slight uptick, with spot gold increasing by 0.2% to $2,908.50 per ounce. This follows a record peak of $2,942.70 reached on Tuesday. Similarly, U.S. gold futures have seen a 0.3% rise to $2,936.50.

Trade Uncertainties Fuel Gold's Appeal

"Amidst the swirling uncertainties of global trade, gold remains a pivotal diversifier for investors looking to buffer against portfolio volatility," stated IG market strategist Yeap Jun Rong. This sentiment underscores the current global economic climate, where investors are closely monitoring U.S. President Donald Trump's tariff plans, which have the potential to spark a global trade war.