Vietnam gold bar value rose 0.59% to VND85 million (US$3,421.22) per tael Monday morning whereas international charges inched down.
Gold ring value held agency at VND83 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally, gold costs eased on Monday, weighed down by a firmer U.S. greenback, whereas buyers appeared out for contemporary clues on Federal Reserve rate of interest cuts.Spot gold fell 0.2% to $2,651.99 per ounce after rising 1% within the earlier session. U.S. gold futures misplaced 0.3% to $2,669.20.
“The continued momentum of the U.S. foreign money on reigned-in fee reducing expectations has created an impediment for the gold value,” stated Tim Waterer, chief market analyst at KCM Commerce.
Knowledge on Friday confirmed unchanged U.S. producer costs final month.
The zero-yielding bullion is most popular in a low-interest fee setting in addition to amid durations of financial and geopolitical turmoil.
