Thursday , October 3 2024

Gold price drops marginally


SJC gold price fell 0.07% to VND74.3 million ($3,056.98) per tael on Monday morning.

Gold ring price gained 0.08% to VND61.9 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold price is holding its calm near $2,020 in the Asian session on Monday, following a sharp pullback that ended a volatile week on Friday, according to financial data platform FXStreet.

As Christmas approaches, the price of gold is anticipating the upcoming U.S. inflation report, which is scheduled for later this week.

This report will play a crucial role in reassessing the expectations for interest rate cuts by the US Federal Reserve in the coming year.

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