Gold prices firm on uptrend

By Dat Nguyen   March 26, 2024 | 02:07 am PT
Gold prices firm on uptrend
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bar price rose 0.13% to VND79.85 million ($3,222.73) per tael Tuesday morning.

Gold ring price went up 0.14% to VND69.35 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices were stuck in a tight range on Tuesday as investor focus turned to U.S. inflation data due later this week, which could shed more light on the timing of the Federal Reserve's first interest rate cut this year, Reuters reported.

Spot gold was little changed at $2,170.68 per ounce. U.S. gold futures eased 0.3% to $2,170.70 per ounce.

Gold hit a record high last week after Fed policymakers indicated they still expected to reduce interest rates by three-quarters of a percentage point by 2024 end despite recent high inflation readings.

go to top