Commodities
Vietnam Gold Prices Recover from Lows as Investors Flock to Safe-Haven Asset
Gold prices in Vietnam have recovered quickly from their lows on September 11th, boosting the market and prompting investors to continue pouring massive amounts of money into gold.
The price of SJC gold bars traded at major businesses such as Saigon Jewelry Company (SJC), Doji, PNJ, and Bao Tin Minh Chau were all listed at 143.6 - 146.6 million VND/ounce on September 10th.
David Meger, director of metals trading at High Ridge Futures, noted that the recent slight downward pressure on the US dollar has been very supportive of the gold market.