A person holds gold bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold bar price dropped 0.11% to VND91.2 million (US$3,568.08) per tael Thursday morning.
Gold ring also went down 0.11% to VND91 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold eased on Thursday, pressured by a stronger U.S. dollar and rising Treasury yields, while investors awaited a key inflation report to assess the Federal Reserve’s policy path, Reuters reported.
Spot gold fell 0.4% at $2,905.64 an ounce.
U.S. gold futures also lost 0.4% to $2,918.20.
“A light pickup in the dollar and U.S. Treasury yields seen to be pressuring gold a bit in this session,” said Ilya Spivak, head of global macro at Tastylive, adding that the overall uptrend for gold is broadly intact.
