Gold prices in Vietnam surged to all-time highs on Monday morning, mirroring global price increases as investors turned to safe-haven assets amid trade war fears.
Latest Gold Prices in Vietnam
Saigon Jewelry Company (SJC) Gold Bar Price:
VND 101.5 million ($3,968.72) per taelIncrease of 0.8%
Gold Ring Price:
VND 101.6 million per tael
Increase of 1.2% (New record high)
1 Tael = 37.5 grams = 1.2 ounces
Why Are Gold Prices Rising?
Global Trade War Fears
U.S. President Donald Trump’s upcoming tariff announcements (April 2 & April 3) have sparked investor anxiety.
Concerns over escalating trade tensions and economic fallout are fueling demand for gold.
Record-Breaking Global Gold Prices
Spot gold hit $3,107.26 per ounce (new all-time high).
Prices have increased 8% in March and 18% in 2024.
Market Uncertainty & Safe-Haven Demand
Investors are shifting towards gold as a defensive asset.
Central bank purchases and geopolitical risks are further driving the rally.
What’s Next for Gold Prices?
Analysts suggest gold may correct if Trump’s tariffs are less severe than expected, triggering profit-taking.
However, continued economic and geopolitical instability could keep gold prices elevated.
Investment Outlook
Short-Term: Volatility expected around April tariff announcements.
Long-Term: If inflation concerns persist, gold could continue breaking records.
With global gold at an all-time high, Vietnamese gold prices are following suit, making this a crucial time for both investors and buyers.
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