Infographic: Gold prices surge on first official trading day after Tet holiday
Global gold prices on February 23 climbed sharply to 5,140 USD per ounce as markets in several Asian countries reopened following the Lunar New Year holiday. In Viet Nam, domestic gold bar prices soared to 184.6 million VND per tael.
Global gold prices rebounded on June 5, trading at 4,445.8 USD per ounce, as the US dollar and US Treasury yields weakened and oil prices fell sharply, easing inflation concerns. In the domestic market, gold prices across major brands declined for a fifth consecutive trading session, with buying and selling prices ranging between 151.4 million VND and 154.4 million VND per tael, narrowing the gap between domestic and international gold prices.