A person holds gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold bar price jumped 1.83% to VND83.5 million (US$3,392.25) per tael Tuesday morning, highest since June 1.
Gold ring price went up 0.62% to VND81.3 million per tael.
Globally gold price hovers around the new record high as traders look forward to a fresh slew of speeches from the U.S. Federal Reserve policymakers and the U.S. Consumer Confidence data before placing more bullish bets on bullion, according to financial data platform FXStreet.
Spot gold was 0.21% higher at $2,633.10 as of 11:19 a.m.
Analysts expect gold to remain bullish and to break the $2,700 level in the end of this year or early next year as the Fed is expected to cut rates further.
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