Gold price falls

By Dat Nguyen   May 5, 2023 | 01:12 am PT
SJC gold price fell 0.07% to VND67.15 million ($2,863.60) per tael Friday afternoon.

Gold ring gained 0.44% to VND57.45 million per tael.

Globally gold eased on Friday from near record highs as traders waited for more economic cues, but was still bound for its best week in nearly two months as hopes of a U.S. rate hike pause and banking woes fired up safe-haven demand, Reuters reported.

Spot gold was down 0.5% to $2,040.10 per ounce, but was up over 2% for the week. U.S. gold futures were down 0.3% to $2,048.60.

On Thursday, prices jumped to $2,072.19, just shy of a record high of $2,072.49.

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