Gold prices gain
Vietnam gold prices rose marginally Thursday morning, driven by a rally of the precious metal on global markets.
Gold prices in Vietnam surged by 0.99% on Thursday, reaching VND143.2 million per tael, according to Saigon Jewelry Company. The price remained unchanged for gold rings, which were valued at VND144.2 million per tael. Throughout the year, gold prices have declined by 6.3%. Globally, gold prices rose for a fourth consecutive session on Thursday, hitting their highest level in seven weeks.
This increase was driven by a weaker U.S. dollar, lower Treasury yields, and growing hopes of a breakthrough in Middle East diplomacy, which could keep oil prices low and lessen the likelihood of central banks raising interest rates, according to IG market analyst Tony Sycamore. Spot gold climbed 0.5% to $4,265.22 per ounce, reaching its highest level since June 18.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
