Record-Breaking Surge in Gold Prices

In an unprecedented move, the Saigon Jewelry Company reported a significant jump in gold bar prices, reaching VND95.6 million (US$3,745.34) per tael, marking a 1.27% increase. Similarly, gold rings hit a new historic peak at VND96.2 million per tael.

Global Gold Market Hits New Highs

On the global stage, gold prices soared to a record high on Friday, driven by uncertainties surrounding U.S. tariffs and escalating trade tensions. The anticipation of monetary policy easing by the Federal Reserve further fueled this surge. Spot gold momentarily touched a record high of $2,990.09, nearing the $3,000 milestone, before slightly retracting to $2,983.78 an ounce.

Investors Turn to Gold Amid Market Volatility

"The current market stance reflects investors' concerns over worsening trade tensions, leading them to seek refuge in the safe-haven asset of gold," stated IG market strategist Yeap Jun Rong. With expectations of inflation and economic uncertainty due to Trump's tariffs, gold has achieved multiple record highs in 2025.

Looking Ahead: Federal Reserve's Monetary Policy Meeting

All eyes are now on the Federal Reserve's upcoming monetary policy meeting. The central bank is anticipated to maintain its benchmark overnight interest rate within the 4.25%-4.50% range. In a low-interest-rate environment, non-yielding bullion continues to thrive, reinforcing gold's position as a compelling safe-haven asset amidst scarce alternatives.