This morning, each tael of gold bars increased by 700,000 dong, reaching a new peak near 155 million, while silver bar prices also set a record close to 2,2 million dong per tael.

Expectations of a Federal Reserve interest rate cut remain the primary driver for the gold market this week, pushing prices above the 4,200 USD mark.

Many experts believe gold prices this week could continue sideways or fall, as investors await the Federal Reserve’s next interest rate cut decision.

A strong US dollar and diminishing prospects of a Federal Reserve interest rate cut next month are pressuring gold prices.

The diminishing likelihood of a federal reserve interest rate cut in december caused global gold prices to fall by nearly 140 USD per ounce at one point during the weekend session.

This morning, brands reduced gold bar selling prices by 800,000 dong, after yesterday's 3 million dong increase.