Gold Prices Reach Unprecedented Heights

Saigon Jewelry Company has reported a significant increase in gold bar prices, soaring by 1.96% to a record-breaking VND103.9 million (US$4,023.24) per tael. This marks a historic peak in the gold market, with a tael equivalent to 37.5 grams or 1.2 ounces.

Global Gold Market Trends

On the global stage, spot gold continued its upward trajectory, climbing 0.5% to $3,097.52 an ounce as reported by Reuters. This surge follows a broader commodities and equity market rebound, influenced by recent statements from U.S. President Donald Trump regarding tariff adjustments.

Safe-Haven Inflows Boost Gold

Amid escalating U.S.-China trade tensions, gold experienced its best day since October 2023, with prices jumping more than 3%. This rally underscores gold's role as a safe-haven asset during times of economic uncertainty.