Vietnam Gold Prices Hit Seven-Week High Amid Global Bullish Sentiment

Gold prices in Vietnam have reached a seven-week high, surpassing levels seen since July 6. The recovery began nearly a week ago, and the trend is expected to continue due to safe-haven demand and concerns about the U.S. fiscal and monetary outlook.

The Saigon Jewelry Company gold bar price increased by 0.40% to VND150.6 million (US$5,757.21) per tael, which equals 37.5 grams or 1.2 ounces.

Gold ring prices also rose, adding 1.31% to VND155 million per tael.