Gold price jumps up
By Mei Ling Tan
1 min read
SJC gold price rose 0.15% to VND67.75 million ($2,844.25) per tael Wednesday morning, highest since Jan. 28.
Gold ring price was stable at VND56.85 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Spot gold was up 0.2% at $1,900.30 per ounce, while U.S. gold futures rose 0.2% to $1,929.40.
The dollar index was sitting below two-month highs, while a rally that took U.S. Treasury yields to nearly 16-year highs took a pause, giving some respite to gold that does not yield any interest.