Gold prices step up

By Dat Nguyen   October 25, 2023 | 09:00 pm PT
Gold prices step up
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
SJC gold price rose 0.14% to VND70.45 million per tael Thursday morning.

Gold ring price went up 0.42% to VND59.1 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices climbed on Thursday as the Middle East conflict kept investors worried, with safe-haven bullion standing firm despite a stronger U.S. dollar and bonds yields, Reuters reported.

Spot gold rose 0.4% to $1,986.79 per ounce. U.S. gold futures edged up 0.1% to $1,997.10.

The dollar and benchmark U.S. 10-year Treasury yields climbed after data indicated that new-home sales surged to a 19-month high in September, affirming market expectations of prolonged high rates heading into 2024.

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