Domestic gold prices increased by over 4 million dong per tael early this week, reaching the 150 million dong range, with the buy-sell price gap narrowing.

A peace agreement between the United States and Iran has propelled gold prices to 4,300 USD this morning, while crude oil has fallen over 4%.

Prospects of a US-Iran agreement pushed Brent crude oil prices to USD 87 per barrel, while global gold prices rose by nearly USD 8.

Domestic gold prices this morning rose 6 million dong per tael to nearly 144 million, widening the gap with global prices to over 10 million dong.

Gold prices climbed by 150 USD per ounce in recent hours, reclaiming the 4,200 USD mark, following President Trump's announcement to call off airstrikes against Iran.

Each ounce of gold lost nearly 200 USD in one session, now at 4,045 USD - the lowest in three months.

Brands are selling gold bars around VND 150,2 million per tael, a decrease of nearly VND 41 million from the peak on 2/3.

After hitting a four-month low, gold bar selling prices from various brands rebounded to 163,5 million dong this morning.

A stronger US dollar and rising US government bond yields caused global gold prices to drop by over 100 USD at the end of the week.

Major brands have increased gold bar selling prices by 1,8 million dong, reaching 167 million dong after a significant drop yesterday.

Crude oil prices fell over 4%, while Wall Street and gold rose as the US declared continued ceasefire with Iran.

Gold bar brands sold at 165 million dong per tael, the lowest since 19/1.

Middle East conflict escalates to its highest point in a month, accelerating Brent crude prices while gold remains under pressure.

Persistent inflation fears, fueled by the ongoing Middle East conflict, have pushed world gold prices below 4,600 USD at times.