Gold prices steady

By Dat Nguyen   February 27, 2024 | 10:26 pm PT
Gold prices steady
A person holds gold jewelry bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Gold bar prices rose 0.13% to VND78.95 million ($3,207.07) per tael Wednesday morning.

Gold ring price was stable at VND65.1 million per tael.

Globally gold prices steadied on Wednesday, as lower U.S. Treasury yields partially offset a firmer dollar, while traders awaited key inflation data and remarks from Federal Reserve officials this week to gauge when the central bank is likely to cut rates.

Spot gold held its ground at $2,030.57 per ounce. U.S. gold futures fell 0.2% to $2,039.70 per ounce.

Lower interest rates boost the appeal of holding non-yielding bullion.

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