A person looks at gold jewelry in a shop in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
Gold price dropped slightly in Vietnam Tuesday afternoon but edged higher in the global market.
Saigon Jewelry Company fell 0.24% to VND84.3 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Gold ring declined by 0.24% to VND84.1 million per tael.
Globally gold prices edged higher on Tuesday in lackluster trading in a holiday-trimmed week, as investors braced for U.S. President-elect Donald Trump’s trade tariff policies and a less aggressive rate-cut path from the Federal Reserve next year, Reuters reported.
Spot gold added 0.3% to $2,620.83 per ounce. U.S. gold futures were 0.2% up at $2,634.10.
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