Gold prices slip

By Dat Nguyen   March 15, 2024 | 09:57 pm PT
Gold prices slip
A person holds gold bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bar price fell 0.37% to VND81.4 million ($3,445.50) per tael Saturday morning.

Gold ring price dropped 0.29% to VND68.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold price held steady on Friday as they looked set to log their first weekly drop in four as investors lowered expectations of a U.S. interest rate cut after data over the week showed bubbling price pressures, Reuters reported.

Spot gold was little changed at $2,159.99 per ounce. Bullion lost 0.8% for the week, in its first weekly decline since mid-February after hitting a record high of $2,194.99 last week.

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