Gold ring price reaches new record

It has risen 33% so far this year.

Gold bar price was steady at VND84.5 million per tael.

Globally gold rose to hover below record levels, underpinned by uncertainty surrounding the U.S. elections and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.S. data for further direction.

Spot gold rose 0.3% to $2,682.14 per ounce.

Prices had climbed to a session high of $2,685.16 on Wednesday, shy of the record $2,685.42 scaled on Sept. 26.