Gold prices decrease

Saigon Jewelry Company gold bar price fell 0.26% to VND76.25 million ($3,111.61) per tael Tuesday morning.

Gold ring price gained 0.16% to VND64.15 million per tael. A tael equals 37.5 grams or 1.2 ounces.

Globally gold price posts modest gains above the $2,050 mark during the early Asian session on Tuesday.

The escalating geopolitical tension in the Red Sea and the risk-off environment benefit a safe-haven asset like gold. At press time, the gold price is trading at $2,055, gaining 0.06% for the day, according to financial data platform FXStreet.

The U.S. dollar index, which gauges the greenback’s value against a basket of currencies from major U.S. trading partners, has maintained its steady pattern since the start of the year, hovering around 102.60.

Meanwhile, the yields on US Treasury bonds have seen a slight decline, with the 10-year yield currently at 3.95%.