Gold Prices in Vietnam Witness a Significant Increase

The Saigon Jewelry Company's gold bar has seen a notable rise of 0.47%, reaching VND85.6 million (US$3,373.66) per tael.

Similarly, the gold ring prices have surged by 0.71%, now standing at VND84.8 million per tael.

Global Gold Market Reacts Positively

On a global scale, gold prices have been on the rise, primarily driven by China's commitment to increase policy stimulus for economic growth. Investors are closely monitoring the upcoming U.S. inflation data to gauge the Federal Reserve's future interest rate decisions, as reported by Reuters.

Spot gold has increased by 0.4% to $2,669.84 per ounce, while U.S. gold futures have risen by 0.3% to $2,692.50.

Notably, gold hit a two-week high on Monday, largely due to China's central bank resuming purchases after a six-month pause.