Gold prices decline

Gold ring price dropped 0.18% to VND56.45 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices steadied on Wednesday as the dollar eased, while traders assessed U.S. inflation data and its bearing on the Federal Reserve’s much-awaited policy decision due later in the day, Reuters reported.

Spot gold was up 0.1% at $1,945.29 per ounce after falling in the previous session. U.S. gold futures were flat at $1,958.30.

The U.S. dollar eased slightly, making greenback-priced bullion more appealing to overseas buyers.