Gold prices rise as global rates gain

Saigon Jewelry Company gold bar price rose 0.25% to VND118.8 million (US$4,564.84) per tael.

Gold ring price gained 0.44% to VND114.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices edged higher on Wednesday as uncertainty surrounding the finalization of a U.S.-China trade agreement weighed on sentiment and fueled some safe-haven buying, with investors awaiting key U.S. inflation data for further market direction, Reuters reported.

Spot gold rose 0.2% to $3,328.89 an ounce. U.S. gold futures were up 0.2% to $3,349.80.

U.S. and Chinese officials agreed on a framework to put their trade truce back on track and resolve China's export restrictions on rare earth minerals and magnets, U.S. Commerce Secretary Howard Lutnick said on Tuesday at the conclusion of two days of intense negotiations in London.

"We know that U.S. and Chinese negotiators have agreed on a 'framework', but until Trump or Xi approves them, uncertainty lingers. And that uncertainty is supporting gold heading into the inflation figures," said Matt Simpson, a senior analyst at City Index.