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Gold ring price downed 0.48% to VND61.75 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally, gold retreated back under $2,000 an ounce on Friday as the dollar and Treasury yields strengthened after traders trimmed bets for U.S. interest rate cuts to materialize by March following stronger-than-expected jobs data, Reuters reported.
Spot gold fell 1.4% to $2,000.49 per ounce after hitting a session low of $1,994.49 earlier. Prices were down 3.4% so far for their worst week in ten.
U.S. gold futures settled 1.6% lower at $2,014.50.
