Tuesday , May 28 2024

Gold prices down


SJC gold price downed 0.49% over the weekend to VND66.9 million ($2,852) per tael Monday afternoon.

Gold ring price went up 22.68% to VND66.2 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.

Spot gold was up 0.8% at $1,880.33 per ounce, as of 0722 GMT, its highest level since May 9, 2022. U.S. gold futures rose 0.7% to $1,883.60, according to Reuters.

Gold ring price went up 22.68% to VND66.2 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.

Spot gold was up 0.8% at $1,880.33 per ounce, as of 0722 GMT, its highest level since May 9, 2022. U.S. gold futures rose 0.7% to $1,883.60, according to Reuters.

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