Gold ring price reaches new all-time high

Gold bar price went up 1.2% to VND92.7 million per tael. A tael equals 37.5 grams or 1.2 ounces. The precious metal has gained 10% since the beginning of the year.

Globally, gold edged lower on Wednesday as a firmer U.S. dollar and Treasury yields pressured the yellow metal, while markets continued to track the possible impact of fresh U.S. tariffs, Reuters reported.

Spot gold fell 0.3% to $2,909.86 an ounce after rising nearly 1% on Tuesday, while U.S. gold futures were steady at $2,920.70.

Benchmark 10-year U.S. Treasury yield rebounded from an over four-month low hit in the previous session, decreasing non-yielding gold's appeal, while the dollar index also firmed.

"The move lower has been very modest so far in APAC trade and probably says more about the markets digesting the prior day's sharper rally than any new catalyst that has only just emerged to pressure gold," said Ilya Spivak, head of global macro at Tastylive.

Trump's policies, widely seen as likely to stoke economic uncertainty, have helped safe-haven bullion rise over 10% so far this year.