Gold prices decline

Gold ring price gained 0.46% to VND77.05 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts by the U.S. Federal Reserve as early as September, Reuters reported.

Spot gold rose 0.1% at $2,388.10 per ounce after gaining more than 1% to its highest since April 19 on Wednesday. U.S. gold futures rose 0.1% to $2,393.20.