Gold prices fall

By Dat Nguyen   May 22, 2024 | 08:55 pm PT
Gold prices fall
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bar price dropped 1.21% to VND89.8 million ($3,525.85) per tael Thursday morning.

Gold ring price fell 0.77% to VND76.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates, Reuters reported.

Spot gold fell 0.3% at $2,370.74 per ounce, after falling more than 1% in the previous session. Bullion hit a record high of $2,449.89 on Monday.

U.S. gold futures were down 0.8% at $2,373.00.

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