Gold rises to new peak

By Dat Nguyen   September 3, 2025 | 07:06 pm PT
Gold rises to new peak
A person looks at gold jewelry in a shop in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
Vietnam gold price rose to another record Thursday morning despite a slight drop in global rates.

Saigon Jewelry Company gold bar went up 0.37% to VND133.9 million (US$5,076.78) per tael.

Gold ring rose 0.55% to VND128.7 million per tael.

Gold price in Vietnam has surged 59% so far this year.

Globally gold eased on Thursday due to profit-taking after bullion scaled an all-time peak on expectations for a U.S. interest rate cut, while investors looked forward to a key U.S. jobs data due this week, Reuters reported.

Spot gold fell 0.3% at $3,546.73 per ounce.

Bullion hit a record high of $3,578.50 on Wednesday.

"We've seen a bit of profit-taking, but gold is still in a bull market at this point in time. Rate-cut expectations and worries over the Federal Reserve's independence are going to add to safe-haven demand," GoldSilver Central MD Brian Lan said.

"We won't be surprised even if gold prices go up to $3,800 or even higher in the near-term."

 
 
go to top