Gold prices slip

Gold ring price dropped 0.35% to VND57.15 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer interest rates ahead of a widely watched U.S. inflation print due later in the day, Reuters reported.

Spot gold was up 0.1% at $1,866.19 per ounce, while U.S. gold futures rose 0.3% to $1,883.30.

Bullion was set for a nearly 4% decline this month and its second consecutive quarterly drop, with both the dollar and 10-year Treasury yields headed for their best quarters in four.

The gold market has taken on board the Federal Reserve’s messaging around a longer plateau on interest rates, said Nicholas Frappell, global head of institutional markets at ABC Refinery.

"Definitely, the longer part is the most important element of higher-for-longer."