Gold edges lower

By Dat Nguyen   February 26, 2025 | 09:08 pm PT
Gold edges lower
A person holds gold bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold bar price dropped 0.11% to VND91.2 million (US$3,568.08) per tael Thursday morning.

Gold ring also went down 0.11% to VND91 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold eased on Thursday, pressured by a stronger U.S. dollar and rising Treasury yields, while investors awaited a key inflation report to assess the Federal Reserve's policy path, Reuters reported.

Spot gold fell 0.4% at $2,905.64 an ounce.

U.S. gold futures also lost 0.4% to $2,918.20.

"A light pickup in the dollar and U.S. Treasury yields seen to be pressuring gold a bit in this session," said Ilya Spivak, head of global macro at Tastylive, adding that the overall uptrend for gold is broadly intact.

 
 
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