Gold prices rise amid global gains

Saigon Jewelry Company gold bar price rose 0.25% to VND118 million (US$4,526.46) per tael.

Gold ring price gained 0.26% to VND114.3 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold rose on Friday and was set for weekly gains, as a spate of soft U.S. economic data outweighed initial optimism over U.S. President Donald Trump's call with his Chinese counterpart Xi Jinping, while investors awaited U.S. payroll data, Reuters reported.

Spot gold was up 0.5% at $3,368.49 an ounce. Bullion has gained 2.5% for the week so far. U.S. gold futures climbed 0.5% to $3,391.40.

"Some of the initial enthusiasm for risk appetite following the Trump-Xi call has started to wear off, which has enabled gold to creep higher," said Tim Waterer, chief market analyst at KCM Trade, adding, as Trump's optimistic take masked recent weak U.S. economic data earlier.

The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week.

"The upcoming NFP release could be the catalyst for a breakout should the data produce a significant miss on either side of expectations," Waterer said.

Fed policymakers indicated that inflation remains a greater concern than labor market cooling, suggesting a prolonged hold on monetary policy adjustments.

Gold, often seen as a safe-haven asset, tends to perform well during economic uncertainty and in low-interest-rate environments.