SJC gold price dropped 0.07% to VND67.1 million ($2,856.90) per tael Tuesday afternoon.
Gold ring price gained 0.18% to VND56.5 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Globally gold prices edged lower on Tuesday as investors sought more clarity around the U.S. Federal Reserve’s policy outlook, while a softer dollar capped further decline, keeping bullion in a narrow range, Reuters reported.
Spot gold eased 0.1% to $1,959.59 per ounce while U.S. gold futures held steady at $1,975.60.
The dollar index eased slightly, making bullion more affordable for investors holding other currencies. The yield on 10-year Treasuries fell after weaker U.S. services sector data on Monday.
“The Fed’s data-dependent stance will mean that rate expectations may continue to see huge swings due to its higher sensitivity to incoming economic data, with a key look-ahead being the U.S. May CPI report next week,” IG market analyst Yeap Jun Rong said.
