Gold prices increase

By Dat Nguyen   January 9, 2024 | 08:43 pm PT
Gold prices increase
A person arranges gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bar price rose 0.27% to VND74.65 million ($3,061.62) per tael.

Gold ring price went up 0.08% to VND63 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold prices held steady on Wednesday, as investors refused to make big bets ahead of a key U.S. inflation print that could offer more clarity on when the Federal Reserve might begin cutting interest rates, Reuters reported.

Spot gold rose 0.1% to $2,031.30 per ounce, trading in a range of about $4.

U.S. gold futures rose 0.2% to $2,036.90 per ounce.

Bullion prices stood ground even as the dollar index ticked up and yields on 10-year U.S. Treasury notes remained above 4%.

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