Gold prices gain

By Dat Nguyen   April 26, 2023 | 09:56 pm PT
Gold prices gain
People try on gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price gained 0.07% to VND67.2 million ($2,863.23) per tael Thursday morning.

Gold ring price went up 0.09% to VND56.9 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices rose on a softer dollar, while investors braced for a host of U.S. economic data ahead of a crucial Federal Reserve's policy meeting next week, Reuters reported.

Spot gold rose 0.4% to $1,996.50 per ounce while U.S. gold futures climbed 0.5% to $2,005.20.

Making bullion less expensive for other currencies holders, the dollar index eased 0.1% on the day.

Gold is treading waters right now, as investors keep an eye on U.S. debt ceiling talks, and the Fed meeting next, that could offer some ideas on what to expect for the rest of the year, said Edward Meir, a metals analyst at Marex.

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