The Vietnam gold bar worth dropped 0.62% to VND80.5 million ($3,251.87) per tael Thursday afternoon, whereas bullion stayed largely flat globally.
Worth has remained unchanged at VND81 million since Aug. 20.
Gold ring worth went up 0.06% to VND78.55 million per tael.
Globally previous was little modified on Thursday as traders stored to the sidelines forward of U.S. payrolls knowledge that might present extra clues on the dimensions of an anticipated price minimize this month.
Spot gold steadied at $2,494.73 per ounce. U.S. gold futures misplaced 0.1% to $2,524.90.
Non-yielding bullion tends to carry out properly when rates of interest are low. It’s also thought of a hedge towards financial and political uncertainties.
“The highs for gold in 2024 could not but have been reached, with the $2,600 stage a viable goal earlier than year-end, if the Fed delivers the products with a succession of quick-fire price cuts earlier than year-end,” mentioned Tim Waterer, chief market analyst, KCM Commerce.
