Gold price today (afternoon of May 28): Trading around the threshold of more than 118 million VND/tael for sale - Lang Son Newspaper and Radio and Television Station

Early afternoon of May 28, Saigon Jewelry Company SJC and DOJI Group both listed Gold bar price is at 115.8 - 118.3 million VND/tael (buy in - sell out). Bao Tin Minh Chau Company listed gold bar and gold ring price at 113.5 - 116.6 million VND/tael (buy in - sell out).

Saigon Jewelry Company (SJC) listed the price of gold rings at 111 - 114 million VND/tael (buy - sell). DOJI Group listed the price of gold rings at 111.5 - 114 million VND/tael (buy - sell).

Gold price today (afternoon of May 28): Trading around the threshold of more than 118 million VND/tael for sale. Illustration photo: VNA

Gold prices continued to decline in the global market, marking the second consecutive session of decline. The precious metals market has had a significant reversal this week as gold prices fell from recent highs. The new volatility in the gold market can be directly attributed to the volatile trade relations between major economic powers. Last week, President Donald Trump's assessment that negotiations between the European Union and the United States were "going nowhere" sent investors scrambling for safe-haven assets, pushing gold prices to their highest closing price since May 7. This pessimistic outlook has reinforced gold's traditional role as a hedge against geopolitical instability.

However, the market mood changed dramatically after breakthrough developments over the weekend. European Commission President Ursula von der Leyen successfully pushed forward trade talks with the United States on Sunday, marking significant progress after months of stalled diplomatic efforts. This positive move, combined with simultaneous improvements in trade discussions between the United States and China, significantly reduced demand for defensive assets.

The precious metals market is currently facing a critical turning point. Continued diplomatic developments between major trading partners could further erode gold’s safe-haven premium, potentially leading to a meaningful correction from current levels. Conversely, any breakdown in negotiations or the emergence of new geopolitical tensions could quickly reverse the current downtrend.

The key question for investors is whether President Trump’s negotiating tactics will continue to create the uncertainty that has traditionally supported gold prices, or whether significant progress toward a trade deal will establish a new equilibrium with reduced demand for the precious metal.

Source: https://baolangson.vn/gia-vang-hom-nay-chieu-28-may-giao-dich-quanh-nguong-hon-118-trieu-dong-luong-ban-ra-5048451.html