Vietnam gold prices slip amid global gains

Saigon Jewelry Company gold bar price fell 0.41% to VND120.6 million (US$4,609.21) per tael.

Gold ring price dropped by 0.34% to VND116.7 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices rose on Wednesday as investors digested data showing an increase in U.S. consumer prices last month and waited for further clarity on U.S. President Donald Trump's trade policy, Reuters reported.

Spot gold was up 0.4% at $3,334.12 per ounce. U.S. gold futures edged 0.1% higher to $3,340.90.

"Gold at this moment is consolidating with a slight downward bias, especially with a stronger dollar," said Brian Lan, managing director at GoldSilver Central, Singapore, as cited by Reuters.

"However, many countries are still negotiating with the U.S. on the tariffs. There are still a lot of uncertainties in the market and many are looking for safe havens."

Gold, often considered a safe haven during times of economic uncertainties, tends to do well in a low-interest-rate environment.