Saturday , May 25 2024

Gold nears 2-month high

SJC gold price climbed 0.15% to VND67.6 million per tael Wednesday afternoon, highest since November 26.

Gold ring price went up 0.18% to VND55.55 million. A tael equals 37.5 grams or 1.2 ounces.

Global gold prices, however, inched lower on Wednesday as the U.S. dollar firmed, while expectations of a slowdown in the pace of the U.S. Fed’s interest rate hikes limited losses, Reuters reported.

Spot gold dipped 0.3% to $1,902.59 per ounce.

The dollar index gained 0.3% as the yen sank after the Bank of Japan kept its yield curve controls in place.

“Gold is pressured as the dollar is seeing a recovery,” said Hareesh V, head of commodity research at Geojit Financial Services.

“Recession worries and the Federal Reserve’s policy decision would be the major catalysts for prices in the near future.”

Read More :
- Reduce Hair Loss with PURA D’OR Gold Label Shampoo
- Castor Oil Has Made a “Huge” Difference With Hair and Brow Growth
- Excessive hair loss in men: Signs of illness that cannot be subjective
- Dịch Vụ SEO Website ở Los Angeles, CA: đưa trang web doanh nghiệp bạn lên top Google
- Nails Salon Sierra Madre