Gold posts modest gain as global rates hit new peak

Saigon Jewelry Company gold bar price went up 0.32% to VND92.3 million (US$3,622.45) per tael Tuesday morning.

Gold ring price gained 0.33% to VND92.1 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices surged to a record high on Monday, driven by safe-haven demand amid concerns over U.S. President Donald Trump's tariff plans, with additional support coming from inflows into the world's top gold-backed exchange-traded fund, Reuters reported.

Spot gold rose 0.4% to $2,947.48 an ounce. It hit $2,956.15 earlier in the session — its eleventh record high in 2025.

U.S. gold futures settled 0.3% higher at $2,963.20.

"Investors believe that in the coming weeks and months or longer than that gold prices are going to continue to appreciate," said Jim Wyckoff, a senior market analyst at Kitco Metals.

"The path of least resistance for gold remains sideways to higher and as long as uncertainty persists, gold is likely to continue rising."