Gold jewelry seen at a shop in Hanoi. Photo by VnExpress/Giang Huy
Vietnam gold price dropped slightly Saturday after reaching the highest since Nov. 4 in the previous session.
Saigon Jewelry Company gold bar declined by 0.46% to VND86.9 million (US$3,430.73) per tael.
Gold ring fell 0.46% to VND86.3 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track for a weekly gain as uncertainties around incoming President Donald Trump’s policies and renewed bets of further rate cuts lifted bullion above the key $2,700 level, Reuters reported.
Spot gold eased 0.4% to $2,701.03 per ounce, while U.S. gold futures settled 0.1% lower to $2,748.70.
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