A person holds gold bars at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold bar price rose 0.58% to VND86 million (US$3,387.83) per tael Thursday morning, highest since Dec. 13.
Gold ring price added 0.59% to VND85.8 million per tael.
Globally gold price slipped 0.08% to $2,660.90 per ounce after hitting a near four-week high on Wednesday as a weaker-than-expected private employment report for December provided reassurance for some in the market that the U.S. Federal Reserve may be less cautious about easing rates this year.
“The bigger factor will be U.S. nonfarm payrolls on Friday, the market is expecting a change of 163 (thousand); anything significantly above that will be negative for gold,” Melek said.
