Gold prices on May 16: SJC gold bar surges sharply
On May 16, global gold prices rebounded strongly after a sharp decline in the previous session, trading at 3,210.3 USD per ounce amid a weakening US dollar. Domestically, SJC gold bar saw a strong rise, fully recovering previous losses, trading at over 118 million VND per tael, while SJC gold rings were priced at nearly 115 million VND per tael.