Gold ring price was stable at VND56.85 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold prices gained on Wednesday, as a slight pullback in U.S. dollar and Treasury yields helped bullion stabilize near a key $1,900 level ahead of a central bankers’ gathering that would likely provide cues on interest rates outlook, Reuters reported.
Spot gold was up 0.2% at $1,900.30 per ounce, while U.S. gold futures rose 0.2% to $1,929.40.
The dollar index was sitting below two-month highs, while a rally that took U.S. Treasury yields to nearly 16-year highs took a pause, giving some respite to gold that does not yield any interest.