Wednesday , May 1 2024

Gold prices up


SJC gold price rose 0.13% to VND74.4 million ($3,065.52) per tael Friday afternoon.

Gold ring price gained 0.41% to VND61.95 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally, gold prices have shown a slight but consistent positive trend over the past three days, continuing into Friday, according to financial data platform FXStreet.

From a technical perspective, failure to find acceptance above the $2,040 supply zone warrants some caution for bullish traders.

However, the momentum is limited, and prices are still below the peak reached one and a half weeks ago.

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