Gold shoots up to two-week high

By Dat Nguyen   January 29, 2024 | 10:16 pm PT
Gold shoots up to two-week high
Gold jewelry on display at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Saigon Jewelry Company gold bar price rose 0.52% to VND77.15 million ($3,153.48) per tael Tuesday, highest since Jan. 13.

Gold ring price went up 1.46% to VND64.05 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally spot gold was up 0.01% to $2,032.73 per ounce Tuesday morning, supported by Middle East tensions and a weaker U.S. dollar, according to financial data platform FXStreet.

Demand for gold as a safe investment option surged after a drone attack in Jordan, amidst worldwide uncertainties.

Investors are now focusing on the forthcoming meeting of the U.S. Federal Reserve, anticipating that interest rates will remain unchanged and keen on insights about future monetary policies.

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