Gold prices gain

By Dat Nguyen   September 22, 2023 | 07:27 pm PT
Gold prices gain
Gold jewelry on display at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price rose 0.14% to VND69.15 million ($2,837.21) per tael Saturday morning.

Gold ring price was stable at VND57.9 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices edged higher on Friday, helped by a slight pullback in the dollar and bond yields as investors digested a still hawkish stance from the Federal Reserve, Reuters reported.

Spot gold rose 0.3% to $1,925.21 per ounce following three sessions of losses. U.S. gold futures settled 0.3% higher at $1,945.60 per ounce.

The dollar retreated from a six-month peak against a basket of major currencies, making gold less expensive for other currency holders, while benchmark 10-year Treasury yields slipped from 16-year highs.

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