A person arranges gold jewelry at a shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
Vietnam gold bar price dropped 0.33% to VND92 million (US$3,609.97) per tael Friday morning.
Gold ring fell 0.33% to VND91.7 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold prices remained steady on Friday, on track for their eighth straight weekly gain, supported by safe-haven inflows on concerns over U.S. President Donald Trump’s tariff threats, Reuters reported.
Spot gold held its ground at $2,940.32 an ounce. Bullion has risen about 2% so far this week, and scaled an all-time high of $2,954.69 in the previous session.
U.S. gold futures remained unchanged at $2,956.10.
“The uncertainties are still there and gold still seems strong at this moment but in the near term we might see a pullback,” said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.
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