Gold prices reach new height in 2023

Gold ring price went up 0.33% to VND60.35 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices rose on Tuesday, supported by a weaker U.S. dollar and Treasury yields as investors look forward to minutes from the Federal Reserve's latest meeting for more guidance on its interest rate outlook, Reuters reported.

Spot gold was up 0.6% at $1,988.29 per ounce. U.S. gold futures gained 0.5% to $1,990.10.

"The dollar and the U.S. bond yields continue to come down. Demand from central banks is also quite strong. All these are bullish for gold. The market is reconsidering that drop we saw yesterday," said Edward Meir, a metals analyst who provides research for Marex.