Gold price rises

By Dat Nguyen   November 29, 2023 | 11:16 pm PT
Gold price rises
A person holds gold bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price rose 0.41% to VND73.9 million ($3,045.54) per tael Thursday morning.

Gold ring price was stable at VND62.4 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold rose for a fourth consecutive session on Tuesday and hit a more than six-month high, driven by a retreating dollar and expectations that the U.S. Federal Reserve has finished hiking interest rates, Reuters reported.

Spot gold gained 1.4% at $2,041.55 per ounce, highest since May 10.

U.S. gold futures for December delivery settled 1.4% higher at $2,040.

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