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Gold and Currency Trends in Vietnam
2025-06-19 10:30:09
Asia
Finance
Banking

Gold and Currency Trends in Vietnam

Gold prices in Vietnam experienced a slight decline, contrasting with a global increase. Saigon Jewelry Company noted a 0.17% drop in gold bars, while the international market saw spot gold rise by 0.1%.

Factors such as geopolitical tensions, particularly the Iran-Israel conflict, are influencing these fluctuations. Concurrently, Vietnam's silver market reached an all-time high, driven by strong demand and limited supply.

The US dollar gained strength against the Vietnamese dong, reflecting broader economic sentiments and investor reactions to Federal Reserve signals. Analysts predict a potential decline in gold prices by 2026, as optimism around economic recovery grows.

This forecast suggests a shift in demand dynamics as the market adapts to changing economic conditions.

The press radar on this topic:

The Street
19. Juni 2025 um 02:13

Major analyst unveils surprising gold price forecast for 2026 TheStreet Daily Newsletter

Gold prices have surged 30% in 2025 due to economic uncertainty caused by tariffs. Analysts at Citigroup predict a possible drop in gold prices to between $2,500 and $2,700 by the end of 2026 as demand weakens. This forecast is based on improving optimism over the economy ahead of midterm elections and following new tax cuts. Citi's near-term and six- to 12-month gold price targets are $3,300 per ounce and $2,800 per ounce.
VnExpress English
19. Juni 2025 um 04:54

Dollar shoots up against dong

The US dollar strengthened against the Vietnamese dong on Thursday morning, with Vietcombank selling it at VND26,276 and the State Bank of Vietnam raising its reference rate to VND25,025. Globally, the dollar held steady as investors weighed Fed Chair Jerome Powell's inflation warning and Middle East tensions. The euro was down 0.6% for the week, while the dollar index rose 0.8%, setting a strong weekly performance since late February.
Kinh doanh - VnExpress
19. Juni 2025 um 03:30

Giá bạc miếng trong nước lập đỉnh

The price of silver bars in Vietnam has reached an all-time high of over 1.45 million VND per kilogram, with a 10% increase in just two weeks. The price is driven by strong demand and limited supply, as well as the global market's current record-high prices. Only two major companies, Phú Quý and Sacombank - SBJ, are actively selling silver bars in Vietnam.
VnExpress English
19. Juni 2025 um 08:16

Gold prices edge down

Vietnam's gold prices decreased slightly on Thursday, despite global gains, with Saigon Jewelry Company's gold bar dropping 0.17% to VND119.4 million per tael and gold ring declining by 0.09%. Globally, spot gold rose 0.1% to $3,371.15 an ounce, while US gold futures fell 0.6% to $3,388.60. Analysts attribute the modest bounce in gold prices to concerns over the ongoing Iran-Israel conflict and potential geopolitical escalation.
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