Gold prices decline

By Dat Nguyen   March 27, 2023 | 11:39 pm PT
Gold prices decline
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price fell 0.22% to VND67.2 million ($2,858.96) per tael Tuesday afternoon.

Gold ring price dropped 0.09% to VND55.8 million per tael.

Globally gold edged up on Tuesday as the dollar slipped, although an improvement in risk appetite after efforts by regulators to allay fears over the global banking system slowed safe haven inflows into bullion, Reuters reported.

Spot gold was up 0.2% at $1,959.63 per ounce, as of U.S. gold futures rose 0.3% to $1,960.30.

"The U.S. dollar seems to be stabilising. This should entice fresh buying back into the (gold) market," said Clifford Bennett, chief economist at ACY Securities.

The dollar index fell 0.2%, making bullion cheaper for buyers holding other currencies.

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