Gold price surges

Saigon Jewelry Company (SJC) gold bar price rose 1.4% to VND76.5 million ($3,143.62) per tael Tuesday morning.

Gold ring price fell 0.07% to VND63 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Gold price (XAU/USD) begins the first trading day of 2024 on a positive note during the early Asian session on Tuesday, according to the financial news outlet FXStreet.

The uptick of yellow metal is supported by the softer US Dollar (USD) and the positive development surrounding China’s economic stimulus measure. Gold price currently trades around $2,065, up 0.19% on the day.