Gold ring prices slipped 0.18% to VND54 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold edged up as the dollar weakened, but prices kept to a tight range in the run-up to U.S. inflation data and the Federal Reserve’s policy decision, Reuters reported.

Customers look at jewelry at a shop in Ho Chi Minh City.

Spot gold was up 0.3% at $1,786.28 per ounce.

The Fed is widely expected to hike interest rates by 50 basis points (bps) at its final meeting of this year on Dec. 13-14.

"The Fed is expected to slow the pace of interest rate hikes, although officials have said they are likely to remain restrictive for some time. A weak inflation print could see that period become shorter than expected," ANZ said in a note.

Lower rates tend to be beneficial for bullion as it decreases the opportunity cost of holding the non-yielding asset.

Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a note on Monday.

"Spot gold may retest a support at $1,780 per ounce," Reuters technical analyst Wang Tao said.

PM attends Vietnam-Luxembourg business forum

Prime Minister Pham Minh Chinh attended a business forum as part of his visit to Luxembourg on December 9 (local time).

US to help Vietnamese businesses trade globally

The U.S. will help smaller Vietnamese businesses join global markets, said a U.S. trade official who already views the Southeast Asian nation as an integral part of his country’s supply chain.

Bac Giang accompanies business in digital transformation

(BGO) – Sharply grasping and applying technologies, many businesses in Bac Giang province have boldly conducted digital transformation, used modern equipment in production to enhance labour productivity and business efficiency.

Bac Giang creates utmost favorable condition for business to handle procedure

(BGO) – On November 30, the Permanent Vice Chairman of Bac Giang provincial People’s Committee (PPC) Mai Son chaired a meeting to review and evaluate the implementation of sub-indices in provincial competitiveness index (PCI).

Business links to production household to consume Bac Giang lychee

(BGO) – The Hanoi based Phuc Lam Trading and Service Development Company Limited has inked lychee consuming contract with group of lychee producing households in line with GlobalGAP standard in Chao village, Giap Son commune (Luc  Ngan district), reported Truong Thi Bay, representative of the group.   

Source: VnExpress