Market

Gold Prices Inch Up Amid Market Caution Ahead of U.S. Economic Data

Gold Prices Show a Slight Increase

The Saigon Jewelry Company has reported a 0.23% rise in its gold bar price, reaching VND85.5 million (US$3,365.48) per tael. A tael is equivalent to 37.5 grams or 1.2 ounces.

Additionally, the price of gold rings increased by 0.24%, reaching VND84.2 million per tael.

Global Gold Market Steady

Globally, gold prices have remained steady as investors adopt a cautious stance ahead of the upcoming U.S. economic data. This data is expected to provide insights into the Federal Reserve's interest rate path, according to Reuters.

Spot gold prices were nearly unchanged at $2,638.73 per ounce after falling as much as 1% on Monday. Meanwhile, U.S. gold futures rose by 0.1% to $2,661.10.