A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bar price surged 0.25% to VND78.95 million ($3,223.10) per tael Friday morning, highest since Dec. 27.
Gold ring price went up 0.31% to VND64.6 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold prices gained after softer U.S. economic data pushed the U.S. dollar and Treasury yields lower, while market focus shifted to commentary from Federal Reserve officials for cues on the timeline for interest rate cut, Reuters reported.
At 10.44 a.m. Friday it went up 0.01% to $2004.30 per ounce.
“Gold bulls seized on a surprisingly soft retail sales number to surge back above $2000,” said Tai Wong, a New York-based independent metals analyst.
The dollar index extended losses and benchmark 10-year Treasury yield slipped after the data, making non-yielding bullion more appealing for overseas buyers.
News Related-
Google Pixel 8 Pro Review: Is this the best Android phone of 2023?
-
Namwater Dam Bulletin on Monday 27 November 2023
-
Dr Yunus appointed chair of Moscow Financial University's international advisory board
-
Victory over Nigeria puts Uganda on the brink
-
BoG holds policy rate at 30%, tightens liquidity measures
-
When sea levels rise, so does your rent
-
American International School CEO honoured as ‘Icon of Inspiration and Impact’
-
Sierra Leone prison breaks co-ordinated - minister
-
Address the rise of single parenthood
-
Hyundai Chief Picked as Auto Industry Leader of the Year
-
Unmarried People Under 35 Outnumber Married Ones
-
European interior ministers in Hungary to discuss migration
-
Japan on the watch for unlicensed taxis around Narita airport amid foreign tourism spike
-
ECOWAS to send high-powered delegation on solidarity visit to Sierra Leone