Gold prices retreat

Saigon Jewelry Company gold bar declined by 1.06% to VND168.7 million (US$6,420.67) per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold ring fell 0.77% to VND167.1 million per tael. Vietnam gold prices have increased by more than 10% since the beginning of the year.

Globally spot gold dropped 0.82% to $4,792.50 per ounce after U.S. President Donald Trump backed down from some of his sternest threats over Greenland, Reuters reported.

Gold, seen as a safe store of value during economic and political instability, soared 64% in 2025 and is up 11% so far in 2026.

Meanwhile, conservative and liberal U.S. Supreme Court justices signaled skepticism toward Trump's bid to fire Federal Reserve Governor Lisa Cook in a case with the central bank's independence at stake.