Vietnamese Gold Prices Remain Steady Amid Weakening USD
The gold price remained steady in Vietnam on September 10th, as SJC gold bar prices listed by Phu Quy, DOJI, and Bao Tin Minh Chau were unchanged at 143.6-146.6 million VND/tael (buying - selling). The buying-selling difference was at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 143.6-47 million VND/tael (buying - selling), with a buying-selling difference of 3.4 million VND/tael.
The world gold price, recorded at 6:00 PM, was around 4,376.8 USD/ounce, down 24 USD from the previous day.
Analysts believe that a slightly weaker USD is supporting gold prices, while concerns about global debt continue to support gold demand.