Gold prices slip

By Dat Nguyen   July 30, 2024 | 01:26 am PT
Gold prices slip
A person looks at gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
Saigon Jewelry Company gold bar price fell by 0.63% to VND79 million ($3,124.63) per tael Tuesday.

Gold ring price declined 0.06% to VND77 million.

Globally gold prices held firm on Tuesday as investors braced for Federal Reserve's policy meeting and U.S. data that could offer more cues on the rate-cut timeline, Reuters reported.

Spot gold was up 0.2% at $2,388.65 per ounce. U.S. gold futures rose 0.3% at $2,385.30.

The Fed is expected to hold rates steady at the end of its two-day meeting on Wednesday, but open the door to policy easing as early as September by acknowledging inflation has edged nearer to its 2% target.

 
 
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