Gold Ring Price Increase

In a recent surge, the price of gold rings has increased by 0.7%, reaching VND86.6 million per tael. It's important to note that a tael is equivalent to 37.5 grams or 1.2 ounces.

Global Gold Rebound

On a global scale, gold prices have rebounded this Friday. This increase is attributed to the uncertainty surrounding the incoming Trump administration's policies, which has heightened the appeal of gold as a safe-haven asset. Despite a stronger-than-expected U.S. employment data suggesting that the Federal Reserve might not cut interest rates as aggressively this year, gold's allure remains strong, as reported by Reuters.

Spot gold saw a 0.6% increase, reaching $2,686.24 per ounce, while U.S. gold futures settled 0.9% higher at $2,715.00.