Gold bar price decreased by 2 million VND/tael in buying direction.

Asian gold prices fell from a two-week high on the morning of May 26 after US President Donald Trump withdrew his threat to accelerate the imposition of a 50% tariff on imports from the European Union (EU). Domestic gold bar prices fell sharply on both buying and selling prices on the afternoon of May 26.

Individual customers buy SJC gold bars at Vietcombank Ho Chi Minh City Branch. Photo: Thanh Vu/VNA

Specifically, updated at 2:00 p.m., at Saigon Jewelry Company SJC, DOJI Group listed the price of SJC gold bars at 117 - 120 million VND/tael (buy - sell), down 2 million VND/tael for buying and down 1 million VND/tael for selling compared to the closing price last weekend.

However, at Bao Tin Minh Chau Company, the listed price of gold bars and gold rings is at 115.5 - 118.7 million VND/tael (buy - sell), down 1.5 million VND/tael in the buying direction and down 1.3 million VND/tael in the selling direction compared to the closing price at the end of last week.

Saigon Jewelry Company (SJC) listed the price of gold rings at 112 - 115 million VND/tael (buy - sell), down 500,000 VND/tael in both buying and selling compared to the closing price of last weekend.

In the Asian market, gold prices moved away from a two-week high on the morning of May 26 after US President Donald Trump withdrew his threat to accelerate the imposition of a 50% tariff on imports from the European Union (EU).

Accordingly, the spot gold price decreased by 0.5% to 3,339.13 USD/ounce at 8:31 a.m. (Vietnam time). The US gold futures price decreased by 0.8% to 3,337.40 USD/ounce.

On May 25, Mr Trump set a July 9 deadline for a trade deal with the EU, dropping his earlier threat to impose 50% tariffs from June 1. The move came after the head of the EU's executive said the bloc needed more time to "get a good deal".

Gold prices rose more than 2% to a two-week high on May 23, boosted by safe-haven demand after Mr Trump proposed imposing a 50% tariff on EU imports from June 1 and considering a 25% tariff on any Apple iPhones made outside the US.

Meanwhile, the US dollar index - considered a measure of the greenback's "health" compared to other major currencies - fell to its lowest level in nearly a month. Gold prices are always sensitive to fluctuations in the US dollar, because a weaker greenback makes safe assets such as gold significantly more attractive to investors holding other currencies.

In other precious metals, spot silver fell 0.3% to $33.36 an ounce. Platinum edged up 0.1% to $1,095.90 an ounce.

Source: https://baothainguyen.vn/kinh-te/202505/gia-vang-mieng-giam-2-trieu-dongluong-o-chieu-mua-vao-b9620ec/