Gold Ring Price Increases

In a notable market movement, the price of gold rings has seen an increase of 0.59%, reaching VND85.8 million per tael. This surge reflects the growing interest and investment in gold as a safe haven during uncertain market conditions.

Global Gold Prices Experience a Slight Dip

Contrary to the local market, global gold prices experienced a slight decrease of 0.08%, settling at $2,660.90 per ounce. This comes after hitting a near four-week high on Wednesday, driven by a weaker-than-expected private employment report for December. The report has led some market participants to speculate that the U.S. Federal Reserve might adopt a less cautious approach to easing rates this year.

Upcoming U.S. Nonfarm Payrolls Report

Market analysts, including Melek, are closely watching the upcoming U.S. nonfarm payrolls report scheduled for Friday. The market anticipates a change of 163,000 jobs. According to Melek, "Anything significantly above that will be negative for gold," highlighting the potential impact of the report on gold prices.