Gold Ring Price Sees a Modest Increase

In a recent market update, the price of gold rings has seen a modest increase of 0.66%, reaching VND91.5 million per tael. It's important to note that a tael is equivalent to 37.5 grams or 1.2 ounces.

Global Gold Prices Edge Down

On the global stage, gold prices experienced a slight downturn on Tuesday. Market participants are exercising caution as they brace for the implementation of U.S. President Donald Trump's tariffs on Canada, Mexico, and China, which are set to take effect imminently, according to Reuters.

Spot gold saw a decrease of 0.3% to $2,885.40 an ounce, while U.S. gold futures also eased by 0.2% to $2,895.40.

Market Analysts Weigh In

"This pull back is part of a broader shake-out in markets that could drive prices into the $2,700s before the primary uptrend continues," commented Kyle Rodda, a financial market analyst at Capital.com.