Gold bars seen at a jewelry shop in Ho Chi Minh City. Photo by Read/Quynh Tran
Gold prices in Vietnam continued to rise Tuesday as global rates surged to a one-week high.
Saigon Jewelry Company gold bar price went up 1.19% to VND85 million (US$3,345.80) per tael.
Gold ring gained 1.08% to VND84 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold prices climbed to a one-week high on Tuesday, buoyed by a softer U.S. dollar, while the market awaited comments from Federal Reserve officials for cues on the U.S. interest rate outlook, Reuters reported.
Spot gold rose 0.4% to $2,623.54 per ounce, the highest since Nov. 12. Prices rose 2% on Monday.
U.S. gold futures gained 0.5% to $2,627.60.
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