Gold prices gain

By Dat Nguyen   June 21, 2023 | 11:21 pm PT
Gold prices gain
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price rose 0.07% to VND67.05 million ($2,851,98) per tael Thursday morning.

Gold ring price was stable at VND56.4 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices were little-changed on Thursday on renewed talks of interest rate hikes this year by the U.S. Federal Reserve, keeping the bullion pinned near a three-month low hit in the previous session, Reuters reported.

Spot gold was flat at $1,932.35 per ounce. U.S. gold futures ticked down 0.1% to $1,942.70.

Fed’s Powell in his remarks to lawmakers on Capitol Hill said further rate increases are "a pretty good guess" of where the U.S. central bank is heading if the economy continues in its current direction.

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