Gold bar price hits new historical peak

At 9:00 a.m. this morning, Doji and SJC gold bars were priced at VND125.9 - 126.9 million/tael (buy - sell), an increase of VND300,000/tael compared to early this morning. This is the highest price level up to the present time.

Similarly, the price of gold rings is also listed at the most expensive level in history. The price of gold rings is listed by Doji at 118.8 - 121.8 million VND/tael (buy - sell).

Domestic gold prices have increased sharply while world gold prices are currently listed at a high level. This morning, world gold prices were listed on Kitco at $3,365/ounce.

Gold prices held firm on highs after dovish remarks from US Federal Reserve Chairman Jerome Powell, which created a solid sense of optimism in the market, with both Wall Street and retail investors expecting prices to rise next week.

Meanwhile, commenting on the gold price in the coming time, Dr. Nguyen Tri Hieu - a finance and banking expert said that the gold price will aim to conquer the threshold of 130 million VND/tael.

From now until the end of 2025, the world and domestic gold prices will increase very high due to 4 main reasons. First, the USD, if measured by the USD Index, is at a low level and the value of the USD is decreasing compared to other currencies.

Second, the US tariff issue has put many countries in crisis and is still a hot spot.

Third, the geopolitical issue between Ukraine and the Middle East remains complicated.

Fourth, the US economy is facing many uncertainties. The US Federal Reserve (Fed) has not yet decided to lower interest rates because they are worried that the tariff issue will increase inflation.