Vietnam gold prices dip as global rates stay near one-week low

Saigon Jewelry Company gold bar dropped 0.33% to VND120.6 million (US$4,612.91) per tael.

Gold ring price slid 0.34% to VND116.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices hovered on Wednesday near their lowest point in more than one week, under pressure from a stronger U.S. dollar and rising Treasury yields, as fresh tariff threats from U.S. President Donald Trump unsettled markets, Reuters reported.

Spot gold held its ground at $3,301.50 per ounce. U.S. gold futures fell 0.2% to $3,310.10.

"Gold prices are holding up impressively well this month against a backdrop of rising yields and a strengthening U.S. dollar ... its ability to resist the pressure suggests underlying strength and a bullish bias," said Ilya Spivak, head of global macro at Tastylive.

Higher yield increases the opportunity cost of holding non-yielding bullion, while a weaker dollar makes gold more affordable for holders of other currencies.