Gold Prices on the Rise

Saigon Jewelry Company gold bar saw a significant increase of 0.67%, reaching VND120.3 million (US$4,601.17) per tael. Similarly, the gold ring experienced a 0.26% rise, priced at VND116.6 million per tael. This marks a 42.9% increase in gold prices since the beginning of the year.

Global Gold Market Trends

On Tuesday, global gold prices climbed, buoyed by a weaker dollar and growing uncertainties surrounding U.S. President Donald Trump's tariff policies. With the July 9 deadline looming, investors are increasingly turning to safe-haven assets like gold, as reported by Reuters.

Spot gold advanced by 0.4% to $3,315.26 per ounce, while U.S. gold futures increased by 0.6% to $3,326.50.

Expert Insights

"The combination of a weaker dollar and the potential repercussions if Trump's tariff deadline is not extended are currently supporting gold prices," explained Nicholas Frappell, global head of institutional markets at ABC Refinery.