Gold remains in uptrend

By Dat Nguyen   December 24, 2023 | 08:23 pm PT
Gold remains in uptrend
A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price gained 0.39% to a new peak of VND77.3 million per tael Monday morning.

Gold ring price rose 0.08% to VND63 million per teal. A tael equals 37.5 grams or 1.2 ounces.

The U.S. market is closed Monday for the Christmas holiday.

Gold scaled a more than two-week high on Friday, rising for a second week as the dollar and U.S. Treasury yields slipped on rising expectations the Federal Reserve will cut interest rates early next year, Reuters reported.

 
 
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