Gold Prices Plummet in Vietnam Amid US Interest Rate Hike Fears

The price of gold in Vietnam continues to decline, with the SJC gold bar listed at 142.4-145.4 million VND/tael (buying - selling), a decrease of 1.2 million VND/tael from yesterday's prices.

This downward trend is consistent across various brands, including Phu Quy and Doji, with the buying - selling difference remaining at 3.4-4 million VND/tael.

The price of gold rings also fell, listed at 142.4-145.8 million VND/tael (buying - selling) by Phu Quy Gold and Gems Group, down 1.2-1.1 million VND/tael from yesterday's prices.

World gold prices have been fluctuating within a certain range, with a downward trend, and are almost entirely dependent on the US federal fund interest rate outlook.