Gold price drops in Vietnam, inches up globally

By Dat Nguyen   October 9, 2024 | 08:56 pm PT
Gold price drops in Vietnam, inches up globally
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold bar price fell 0.59% to VND84.5 million (US$3,399.72) per tael Thursday morning but recovered slightly globally.

Gold ring price fell 0.24% to VND82.9 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices nudged higher, while traders await a key U.S. inflation data due later in the day to gauge the Federal Reserve's future monetary policy stance, Reuters reported.

Spot gold rose 0.2% to $2,614.00 per ounce, after easing for the previous six sessions. Prices scaled a record high last month.

U.S. gold futures gained 0.2% at $2,631.40.

 
 
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