Gold prices increase

By Dat Nguyen   April 17, 2023 | 10:35 pm PT
Gold prices increase
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price fell 0.07% to VND67.15 million ($2,855.92) per tael Tuesday morning.

Gold ring price went up 0.09% to VND56.7 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices rose on Tuesday after two sessions of losses as the dollar eased, while investors sought more clarity on the U.S. Federal Reserve's monetary policy stance.

Spot gold was up 0.3% at $2,001.09 per ounce. U.S. gold futures rose 0.3% to $2,012.40.

"Given the sharp moves of late and little tier-1 economic data to guide this week, we should expect gold to consolidate in the $1,980-$2,020 range," said OCBC FX strategist Christopher Wong.

The U.S. dollar index was 0.1% lower and made bullion cheaper for overseas buyers.

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