Gold prices reach six-week high

Gold ring price went up 0.31% to VND64.6 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold price ended in the green on Tuesday and snapped a two-day losing streak to over a one-week low, around the $2,015 region touched the previous day, according data platform FXStreet.

The valuable metal finds it difficult to build on its momentum and fluctuates within a tight range during Wednesday's Asian trading session.

Investors are holding off for additional signals regarding the expected speed of interest rate reductions by the Federal Reserve (Fed) this year, which usually influences the outlook for the non-yielding gold.