Gold prices continue to climb

Gold ring price rose 0.25% to VND60.55 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold held below the key $2,000 level on Wednesday, as the dollar stabilized from its recent drop, although expectations that the U.S. Federal Reserve has reached the end of its tightening cycle put a floor under bullion prices, Reuters reported.

Spot gold was down 0.1% at $1,996.79 per ounce after hitting a three-week high of $2,007.29 in the previous session. U.S. gold futures were also down 0.1% at $1,998.80.

he dollar held steady against its rivals after dropping to a more than 2-1/2-month low in the previous session. A weaker dollar makes gold less expensive for other currency holders.