Gold prices step up

Gold ring price went up 0.09% to VND57.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold jumped 1% on Friday, helped by a weaker dollar and safe-haven buying after United Auto Workers union kicked of strikes at three automakers in Detroit, while hopes around a likely pause in U.S. interest-rate hikes lent further support, Reuters reported.

Spot gold was up 0.7% at $1,924.27 per ounce. Bullion has risen 0.3% so far this week.

The dollar slipped 0.2% against its rivals following U.S. data earlier in the day, making gold less expensive for other currency holders.