Gold prices continue to fall

Created 21 November 2022
  • PDF
Editor Choice
Share
(0 votes, average 0 out of 5)

Prices of gold bars branded SJC on Monday dropped VND100,000 ($4.02) from the previous day to VND67.5 million ($2,706) per tael.
Gold prices continue to fall

Selling prices of gold rings also decreased VND100,000 to VND54.1 million per tael. A tael is equal to 37.5 grams or 1.2 ounces.

SJC gold prices are higher than the world average by some VND15.4 million per tael.

With no major economic news to drive sentiment in Asia, "traders are tentatively bullish on the dollar following hawkish comments from Fed members last week which is weighing on gold," said City Index analyst Matt Simpson, according to Reuters.

The dollar index was up 0.2%, making gold less attractive for overseas buyers.


Source: VNE

Maybe You Also Interesting :

» Many property stocks double within weeks

Several property stocks doubled within weeks as the market shows signs of recovery as investors bought the dip after major plunges.

» Da Nang karaoke parlor manager arrested for allowing drug party

A karaoke parlor manager in Da Nang was arrested for allowing customers and employees to throw a drug party inside the parlor.

» Boycotted TikToker fined $302 for mocking the poor

A TikToker who was widely boycotted after posting videos of himself publicly humiliating people while serving them meals was fined VND7.5 million ($302.91).