Domestic gold price
Domestic gold price developments
Speaking with Lao Dong reporter, Mr. Dinh Nho Bang - Vice President of Vietnam Gold Business Association - said that with big fluctuations, business units will list high difference between buying and selling prices.
"This is a business technique to help businesses avoid risks.
The principle of gold is to only peak for 1-2 days. For example, when the price of gold increases, many people will sell to take profit. If they sell a lot, the price will decrease, leading to a large difference. If the difference is 200,000 - 300,000 VND/tael, businesses will lose capital immediately" - Vice President of Vietnam Gold Business Association analyzed.
World gold prices are anchored at a high level in the context of the USD falling to a near 5-month low. Recorded at 8:00 p.m. on December 27, the US Dollar Index, which measures the greenback's fluctuations against 6 major currencies, was at 100.987 points (down 0.12%).
World gold is still in an uptrend in the context of the US Federal Reserve (FED) signaling 3 interest rate cuts from 2024.
Global uncertainties continue to support gold’s rally. Recent unrest in the Red Sea has many countries cautious.
The Red Sea is connected to the Mediterranean Sea via the Suez Canal. It is the shortest shipping route between Europe and Asia. About 15% of the world's shipping traffic passes through the canal.
Previously, many forecasts said that gold would benefit from a falling USD in 2024 and geopolitical instability in many places, such as Ukraine, the Middle East... Besides, there is the US-China economic conflict.
See more articles about gold prices on Lao Dong Newspaper here...
Source
![[Photo] Anh Hoang - Dinh Duc successfully defended the men's doubles championship of the National Table Tennis Championship of Nhan Dan Newspaper](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/23/d6ab3bcac02c49928b38c729d795cac6)
![[Photo] Top players gather at the 2025 Nhan Dan Newspaper National Table Tennis Championship](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/23/9ad5f6f4faf146b08335e5c446edb107)
Comment (0)