A person looks at gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
Vietnam gold bar price rose 0.7% to VND86.8 million (US$3,421.36) per tael, highest since Dec. 11.
Gold ring price went up 0.7% to VND86.6 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold rebounded on Friday as uncertainty surrounding the incoming Trump administration’s policies lifted safe-haven appeal, even as a stronger-than-expected U.S. employment data reinforced expectations the Federal Reserve might not cut interest rates as aggressively this year, Reuters reported.
Spot gold was up 0.6% at $2,686.24 per ounce while U.S. gold futures settled 0.9% higher at $2,715.00.
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