Gold prices decline

By Dat Nguyen   June 13, 2023 | 07:29 pm PT
Gold prices decline
Gold jewelry on display at a shop in Hanoi. Photo by VnExpress/Ngoc Thanh
SJC gold price fell 0.15% to VND67 million ($2,849.85) per tael Wednesday morning.

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.

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