At 9:15 a.m., DOJI Gold and Gemstone Group and Saigon Jewelry Company (SJC) listed the price of gold bars at VND104.5 - 107 million/tael (buy - sell), an increase of VND1.5 million/tael for buying and an increase of VND500,000/tael for selling compared to the closing price of last weekend (April 12).

Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 102.1 - 105.6 million VND/tael (buy - sell), an increase of 1.5 million VND/tael for buying and an increase of 500,000 VND/tael for selling compared to the closing price at the end of last week.

Saigon Jewelry Company SJC listed the price of gold rings at 101.8 - 104.8 million VND/tael (buy - sell), an increase of 400,000 VND/tael for buying and an increase of 100,000 VND/tael for selling compared to the closing price last weekend.

Phu Nhuan Jewelry Joint Stock Company listed the price of gold bars and gold rings at 101.2 - 104.9 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the closing price at the end of last week.

Experts believe in gold for the long term

Last week, gold prices continued to rise sharply as fears of a global trade war increased following the US President’s decision to impose tariffs, causing investors to flock to gold as a safe haven. Looking at the current situation, both experts and retail investors are optimistic about this precious metal in the short term.

The current environment favors gold, says Marc Chandler, CEO of Bannockburn Global Forex. A weaker US dollar and market uncertainty will push gold to new record highs, with the next level to watch at $3,300 an ounce and then $3,500 an ounce.

Adrian Day, chairman of Adrian Day Asset Management, said the latest correction, like the recent ones, was short-lived and shallow. He said gold has momentum and there are still many people who want to participate in the market.

As a long-time gold bull, Forex.com senior market strategist James Stanley says there is no reason for him to change that view now.

The dollar is on a downward trend and the uncertainties supporting gold are likely to persist for some time, according to Colin Cieszynski, market strategist at SIA Wealth Management. This prevents him from changing his bullish view on gold.

Meanwhile, Rich Checkan, chairman and CEO of Asset Strategies International, said that after the recent strong price increase, the market may see some profit-taking in the short term. However, according to Checkan, that cannot prevent gold from rising further.

This week, markets will focus on policy meetings and central bank decisions. On Wednesday, the Bank of Canada will announce its monetary policy decision. Analysts expect the bank to keep interest rates unchanged at this meeting. The European Central Bank meets on Thursday and is expected to cut interest rates to continue supporting the region's economy. Investors will also await comments from Federal Reserve Chairman Jerome Powell at the Economic Club of Chicago for more information on the US central bank's policy direction.

(According to VTV)