The influence of USD strengthens led to the gold prices reduced sharply
The domestic gold price this morning (May 12) went down following the decline of the world gold price when the dollar strengthened.
Vietnamese gold demand decreased sharply in the first quarter of 2023
In the first quarter of 2023, the Vietnamese gold demand decreased by 12% over the same period, from 19.6 tons to 17.2 tons. At the same time, global gold consumption (excluding the OTC market) is 13% lower than in the same period last year. However, the recovery of the OTC market lifted total
Gold prices hit 4-month high
Vietnam’s gold prices hit a four-month high Wednesday aided by a weaker dollar, with investors expecting further stimuli in U.S. policies.