Minh Hiếu

Saigon Jewelry Company gold bar price gained 0.35% to VND142.2 million (US$5,413.43) per tael. It is up 0.49% for the week but on track to end the month 3.27% lower. Gold ring price was also up 0.35% at VND141.7 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Vietcombank sold the greenback at VND26,470, down 0.08% from Thursday. On the black market, the currency dropped 0.1% to around VND26,331. The State Bank of Vietnam hiked its reference rate by 0.07 of VND25,338. Globally, the U.S. dollar index, which tracks the currency against six major peers, was a touch higher at 100.12 after the previous session's ⁠fall of 0.8%. It was heading for a weekly drop of 1.3% and a loss of 1% for the month, Reuters reported.

Saigon Jewelry Company gold bar price rose to VND141.5 million (US$5,375.63) per tael, closing at the same level as Tuesday. Gold ring price similarly rebounded to VND141 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices edged up on Wednesday, supported by some technical buying, ‌as investors hunkered down for the Federal Reserve's interest rate decision later today, Reuters reported.