Gold drops 1.19%

Gold ring was stable at VND76.55 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices climbed on Friday, en route to their best week in five, with zero-yield bullion building on momentum fueled by weaker U.S. jobs data this week that reinforced expectations for interest rate cut by the Federal Reserve, Reuters reported.

Spot gold rose 1% to $2,369.49 per ounce.

U.S. gold futures for June delivery settled 1.5% higher to $2,375.00 per ounce.