Gold Prices Experience a Slight Decline

Gold prices have seen a minor decrease, with gold rings dropping by 0.11% to VND91 million per tael. It's important to note that a tael is equivalent to 37.5 grams or 1.2 ounces.

Global Gold Market Trends

On a global scale, gold prices eased on Thursday due to a stronger U.S. dollar and rising Treasury yields. Investors are keenly awaiting a crucial inflation report to gauge the Federal Reserve's policy trajectory, as reported by Reuters.

Spot gold witnessed a 0.4% decrease, settling at $2,905.64 an ounce. Similarly, U.S. gold futures also experienced a 0.4% drop, reaching $2,918.20.

Expert Insights

Ilya Spivak, head of global macro at Tastylive, commented on the situation, stating, "A slight increase in the dollar and U.S. Treasury yields are putting some pressure on gold in this session." He also mentioned that the overall upward trend for gold remains largely intact.