A person holds gold bars in Hanoi. Photo by VnExpress/Giang Huy
Vietnam gold bar price went up 0.55% to VND91.13 million (US$3,570.99) per tael Tuesday morning, as economic uncertainties triggered by recent U.S. tariff policies spark up demand for safe-have assets.
Gold ring price gained 0.22% to VND90.6 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold extended gains on Tuesday as uncertainty over U.S. President Donald Trump’s tariff plans continued to dominate sentiment, driving safe-haven demand amid fears of a potential global trade war, Reuters reported.
Spot gold rose 0.2% to $2,903.56. U.S. gold futures gained 0.6% to $2,916.80.
“We’ve seemingly got pretty significant central bank buying and that we’ve also got these potential shortages in Europe on the basis that there seems to be a rush to get gold in the U.S., to avoid possible tariffs,” Capital.com’s financial market analyst Kyle Rodda said.
“I think the trend remains bullish for gold – the fundamentals are good.”
Goldman Sachs raised its gold price forecast to $3,100 per ounce from $2,890 per ounce for end-2025 on structurally higher central bank demand.
