Vietnam's gold bar price rises

Saigon Jewelry Company gold bar price increased by 0.33% to VND151.5 million (US$5,750.62) per tael after a 1.31% decline over the weekend. Asia Commercial Bank-branded bullion is priced similarly.

Local gold bar rates are currently VND15.5 million per tael higher than global prices.

Gold ring price held firm at around VND150.2 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices edged higher on Monday, helped by chances of further U.S. interest rate cuts, while investors awaited U.S. inflation data and U.S.-China trade negotiations this week for further direction, Reuters reported.

Spot gold was up 0.1% at $4,253.33 per ounce. U.S. gold futures for December delivery climbed 1.3% to $4,266.30 per ounce.

Spot silver rose 0.5% to $52.12 per ounce. Prices fell about 4.4% on Friday in their worst session since early April, after hitting a record high of $54.47 earlier in the day.

"The gold market is trying to find its footing after Friday's selloff. Sentiment is normalizing, cooling down a bit, after a few weeks of mania," said Capital.com analyst Kyle Rodda.

Gold fell about 1.8% on Friday, the most since mid-May, after U.S. President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable.