Gold prices gain

Saigon Jewelry Company gold bar price rose 0.91% to VND144.1 million (US$5,471.29) per tael. Asia Commercial Bank-branded bullion was priced at the same rate.

Gold ring price gained 0.78% to VND140.6 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold soared to a record high on Monday, lifted by safe-haven demand amid renewed U.S.-China trade tensions and expectations of U.S. Federal Reserve interest rate cuts, while silver also surged to an all-time high, Reuters reported.

Spot gold was up 1.5% to an all-time high of $4,078.05 per ounce. U.S. gold futures for December delivery surged 2.3% to $4,093.50.

"It's interesting because developments in the Middle East recently had been a diminished tailwind for the gold market, but now we've got this reemergence of risks due to inflamed trade tensions between the U.S. and China," Capital.com analyst Kyle Rodda said.

Non-yielding bullion has gained 53% year-to-date, driven by geopolitical risks, alongside strong central bank gold-buying, exchange-traded funds inflows, Fed rate cut expectations and economic uncertainties stemming from tariffs.

Goldman Sachs said on Sunday that silver prices were expected to rise in the medium term due to private investment flows, but warned of heightened near-term volatility and downside risks compared to gold.