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Saigon Jewelry Company gold bar price declined by 0.2% to VND150.3 million (US$5,760.38) per tael. A tael equals 37.5 grams or 1.2 ounces. Gold ring price similarly slid to VND149.8 million per tael.
Globally, gold eased on Wednesday after scaling a more than three-month high in the previous session, as investors awaited a key U.S. inflation report to gauge the Federal Reserve's interest-rate path, Reuters reported.
Spot gold eased 0.3% to $4,642.74 per ounce. Prices climbed to their highest since mid-May on Tuesday after last week's sharp gains following the U.S. Treasury's bond buyback announcement. U.S. gold futures rose 0.1% at $4,700.70.
"For gold, the most supportive outcome would be softer-than-expected inflation combined with a dovish or balanced message from Warsh, reinforcing expectations for lower real yields and reducing the opportunity cost of holding a non-yielding asset," said Wael Makarem, financial markets strategists lead at Exness.
"A renewed deterioration in confidence around U.S. fiscal sustainability could also be important (for gold), particularly given the recent Treasury buyback plans and their impact."
