Gold prices inches down

By Minh Hieu   March 30, 2024 | 12:25 am PT
Gold prices inches down
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bar price slid 0.25% to VND80.8 million ($3,259.21) per tael Saturday morning.

Gold ring price fell 0.07% to VND70.45 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday, FXStreet reported.

Most major world markets remain closed, although the U.S. published core PCE inflation, the Federal Reserve’s favorite inflation gauge.

The glitters of Gold are attracting buyers as market sentiment leans toward major central banks initiating an interest rate-cut cycle this year.

Investors are gaining confidence in Gold as they anticipate three rate cuts from the US Federal Reserve (Fed) in the coming months.

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