A person holds gold jewelry at a store in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
SJC gold price hit a new high on Monday, rising 0.67 percent to VND75.4 million ($3,098.74) per tael.
The price of the gold ring remained stable at 62.05 million VND per tael. One tael is equal to 37.5 grams or 1.2 ounces.
Globally, gold prices are consolidating gains around $2,040 in early Asian trading hours on Wednesday, according to financial data platform FXStreet.
The price of gold, which is currently below $2,050, could see a rise due to the weakening of the US dollar and the fall in US Treasury yields ahead of the Christmas holidays. end of the year.
Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said Monday that the central bank is not currently considering cutting interest rates.
He stressed that the market’s growing expectations for rate cuts are not consistent with how the Federal Reserve typically operates.
