Gold prices decline

Gold ring price dropped 0.16% to VND62.3 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold price is back in the green early Friday, snapping a corrective decline from six-month highs of $2,052 seen Thursday, according to financial news platform FXStreet.

The renewed weakness in the U.S. dollar and the US Treasury bond yields is boding well for gold price, as the focus shifts toward the US ISM Manufacturing PMI data and US Federal Reserve Chair Jerome Powell’s dual appearances later in the day, it added.