Gold price gains as global rate nears new peak

By Dat Nguyen   February 19, 2025 | 11:47 pm PT
Gold price gains as global rate nears new peak
A person holds gold bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold bar price rose 0.22% to VND92.1 million (US$3,607.17) per tael Thursday morning, highest since Feb. 11.

Gold ring price gained 0.11% to VND91.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices held firm near a record high on Thursday, as U.S. President Donald Trump's tariff plans stoked fears of higher inflation and a major global trade war, Reuters reported.

Spot gold rose 0.2% to $2,937.74 an ounce, trading near the all-time high of $2,946.85 hit on Wednesday. U.S. gold futures gained 0.7% to $2,955.90.

"Uncertain outlooks for both global trade and inflation are proving to be conducive for gold and are acting to bring the $3,000 level within range," said Tim Waterer, chief market analyst at KCM Trade.

 
 
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