Gold prices decreased by 1.3%

By Minh Hieu   June 4, 2024 | 09:05 pm PT
Gold prices decreased by 1.3%
SJC gold bars sold at a bank in Hanoi. Photo by VnExpress/Giang Huy
Saigon Jewelry Company gold bar price fell 1.3% to VND77.98 million ($3,067.97) per tael Wednesday morning.

Gold ring price slid 0.27% to VND74.9 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold price is attempting a tepid rebound toward $2,340 early Wednesday, having tested the three-week low of $2,315 a day ago, FXStreet reported.

Gold prices were 0.09% higher at $2,330 per ounce.

Attention turns toward the top-tier U.S. ADP jobs and ISM Services PMI data for fresh cues on the U.S. Federal Reserve (Fed) interest rate outlook, which will likely significantly impact the non-interest-bearing Gold price.

Renewed dovish Fed expectations could continue to undermine the U.S. Dollar and revive the bullish sentiment around Gold price should the U.S. ADP jobs and ISM Services PMI data disappoint markets later on Wednesday.

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