ANTD.VN - Domestic gold prices increased sharply early this morning, helping both SJC gold and ring gold set new historical records.
In yesterday's trading session, domestic gold prices fluctuated continuously. After falling in the morning, the market suddenly recovered quite strongly in the afternoon session, closing at an all-time high.
However, yesterday's peak was quickly broken when this morning, the precious metal increased in price, setting a new record.
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Domestic gold price sets new historical record |
Specifically, as of 9:30 a.m., the price of SJC brand gold listed at SJC Company, commercial banks and large enterprises was at 91.60 - 93.30 million VND/tael. Compared to the closing price of yesterday, the buying price of SJC gold increased by 600,000 VND/tael, and the selling price increased by 300,000 VND/tael.
Similarly, gold rings also increased by 300 thousand VND per tael, reaching a new high. Accordingly, Bao Tin Minh Chau gold rings were listed early this morning at 92.40 - 93.90 million VND/tael; DOJI A rings were 92.40 - 93.80 million VND/tael; Phu Quy rings were 92.30 - 93.80 million VND/tael; SJC 999.9 rings were 91.60 - 93.20 million VND/tael...
Domestic gold prices increased as world gold prices recovered significantly. As of 9:30 a.m. Vietnam time, international spot gold was trading at over $2,917 an ounce, up nearly $25 an ounce compared to the opening time.
Global financial markets continued to be volatile as the Trump administration escalated trade tensions with multiple countries. Investors were more nervous after Trump announced plans to double proposed tariffs on Canadian metals to 50%, with implementation set to begin Wednesday, according to a social media post by the president.
These escalating trade measures have raised real concerns about a possible U.S. recession. Tariffs targeting China, Canada and Mexico have proven volatile in implementation, changing almost daily since taking effect last week.
The weakening dollar further supported gold's gains, with the dollar index falling 0.52% to 103.355 - its lowest level since early November 2024.
US stocks continued their downward trend, although not as steep as Monday's sell-off, helping gold regain its advantage as a safe-haven asset.
Although still below the record closing price of $2,963/ounce reached on February 24, many comments said that this precious metal is likely to set a new record high as investors increasingly shift money to the most stable safe-haven assets - to protect capital in the context of increasing economic uncertainty.
Source: https://www.anninhthudo.vn/gia-vang-lai-lap-ky-luc-moi-vang-nhan-tien-sat-nguong-94-trieu-dongluong-post605832.antd
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