Gold breaks records again, setting new highs

Saigon Jewelry Company gold bar price edged up to VND99.8 million (US$3,906.45) per tael, up 0.4% from the morning. A tael equals 37.5 grams or 1.2 ounces.

Meanwhile, gold ring prices gained 0.3% to reach VND100 million per tael for the first time ever.

Globally, gold rose to a record high on Wednesday as tensions in the Middle East and U.S. tariff uncertainties lifted the bullion's safe-haven appeal, while traders awaited the Federal Reserve's decision later in the day, Reuters reported.

Spot gold added 0.2% to $3,039.38 an ounce. Earlier in the session, it hit an all-time peak of $3,045.24, the 15th one this year. U.S. gold futures gained 0.2% to $3,046.40.

"There seems to be little standing in gold's way for now, with renewed geopolitical tensions in the Middle East, rising global economic risks and tariff uncertainties driving its appeal as a safe-haven asset against market volatility," said IG market strategist Yeap Jun Rong.

"At its current trajectory, gold futures could tag $3,200 in just over a month. Even if we get a shakeout or two along the way, I suspect bulls are laying in wait for a discount, however small," said Matt Simpson, a senior analyst at City Index.