Gold tiptoes down

Gold ring price fell 0.12% to VND92.7 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold rose on Tuesday on a weak dollar and safe-haven demand, as investors awaited inflation data to assess the Federal Reserve's policy path amid fears of simmering trade tensions and slowing economic growth following U.S. President Donald Trump's tariffs, Reuters reported.

Spot gold rose 0.3% to $2,897.39 an ounce, while U.S. gold futures were steady at $2,900.80.

The dollar index was near a four-month low hit last week, making bullion less expensive for overseas buyers, while benchmark 10-year U.S. Treasury yields fell.

"The overall uptrend remains intact and the path of least resistance favours the upside, but the market needs to find new momentum to break free of its congestive range before this is actionable in the near term," said Ilya Spivak, head of global macro at Tastylive.

Gold is seen as a hedge against political risks and inflation, but higher rates reduce the non-yielding metal's appeal.

"Prices have been stable in a range between about 2,830 and 2,960 for the past four weeks...We would need to see a convincing break above or below these boundaries to conclude that some sort of lasting directional move is resuming," Spivak added.