Gold prices down

By Ngan Anh   January 9, 2023 | 01:14 am PT
Gold prices down
Marked ingots of 99.99 percent pure gold are placed in a cart at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. Photo by Reutes
SJC gold price downed 0.49% over the weekend to VND66.9 million ($2,852) per tael Monday afternoon.

Gold ring price went up 22.68% to VND66.2 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.

Spot gold was up 0.8% at $1,880.33 per ounce, as of 0722 GMT, its highest level since May 9, 2022. U.S. gold futures rose 0.7% to $1,883.60, according to Reuters.

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