Gold ring price increases

Gold bar price was unchanged at VND79 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold price attracts some dip-buying following an intraday dip to the $2,400 neighborhood and turns positive for the second straight day on Wednesday, FXStreet reported.

The move up for the third day in the previous four is sponsored by a combination of factors and lifts the commodity to a one-week peak, around the $2,419 region during the Asian session.

The Israeli attack on the Lebanon capital as retaliation for a rocket strike in the Golan Heights on Saturday raised the risk of a further escalation of geopolitical tensions in the Middle East.

Apart from this, a sluggish global economic growth outlook and a further U.S. Dollar pullback from a nearly three-week high touched on Tuesday benefit the gold price.