Gold prices gain

By Dat Nguyen   October 26, 2023 | 09:17 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 0.14% to VND70.85 million ($2,883.30) per tael Friday morning.

Gold ring price was stable at VND59.35 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices were poised for a third consecutive weekly gain on Friday as the Middle East conflict kept investors drawn towards safety of bullion despite a higher-for-longer U.S. interest rate backdrop.

Spot gold edged 0.1% higher to $1,986.76 per ounce. U.S. gold futures were steady at $1,996.80.

"Gold prices will be a function of the Israel-Hamas conflict for as long as things are at risk of escalating," said Kyle Rodda, financial market analyst at

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