Gold prices firm while global rates rise

By Minh Hieu   June 25, 2025 | 02:42 am PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
Gold prices firm while global rates rise
Gold jewelry seen at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold prices stood steady on Wednesday while global bullion rates edged up after plummeting in the previous session.

Saigon Jewelry Company gold bar price hovered at VND119.5 million (US$4,569.35) per tael.

Gold ring price remained at VND116 million. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices edged higher on Wednesday, supported by a pullback in the U.S. dollar and Treasury yields, as markets monitored the fragile truce between Israel and Iran, Reuters reported.

Spot gold was up 0.2% at $3,330.99 per ounce, after hitting on Tuesday its lowest level in more than two weeks.

"The technical selling of the dollar and weaker U.S. Treasury yield have benefited gold prices," OANDA senior market analyst Kelvin Wong said.

A potential catalyst for a gold breakout could be further weakness in the dollar, renewed focus on the U.S. fiscal deficit, and tariff policy, especially as Iran-Israel tensions ease, Wong added.

Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
 
 
go to top