Gold Holds 147.1m VND as Traders Await Key Macro Data
Vietnamese gold prices remain stable near 147 million VND. Market direction depends on US bond yields and oil prices.
Key points
- Vietnamese gold selling prices stabilized at 147.6 million VND per tael. Buying prices remained at 144.6 million VND.
- Global gold traded at 4,377 USD per ounce. Goldman Sachs maintains a 5,400 USD target for late 2027.
- US bond yields and oil prices will determine if gold starts a new rally. The US dollar trend remains a critical factor.
Vietnamese gold prices held steady at 147.1 million VND per tael this morning. The market awaits three key macro indicators to determine the next move.
Laodong.vn reports that local dealers maintain a 3 million VND spread. Global gold sits at 4,377 USD per ounce amid shifting Fed expectations.
Local dealers maintain stable price spreads
SJC and DOJI listed buying prices at 144.6 million VND. Selling prices reached 147.6 million VND across major retail chains.
DOJI widened its spread to 4 million VND for gold rings. Other providers kept the difference at 3 million VND per tael.
Goldman Sachs adjusts long-term gold targets
The bank raised its 2026 target to 5,400 USD per ounce. It expects Western ETF holdings to rise as the Fed eases policy.
Stronger labor data forced Goldman Sachs to postpone expected rate cuts. The bank now anticipates cuts in June and December 2027.
Macro data drives short-term volatility
Oil prices and US bond yields serve as early direction indicators. The US dollar strength will also influence near-term trading activity.
Traders watch these factors to identify a new rally. Alternatively, the market may only recover from earlier weekly sell-offs.
