In just one week, prices for SJC gold bars have surged by more than VNĐ1.6 million per tael. This unexpected demand was said to be one of the reasons for the sharp rise in gold prices. According to economist Nguyễn Trí Hiếu, higher gold prices could be linked to a weakening US dollar. This has increased the appeal of gold as a safe haven for investors, causing gold prices to rise. "In the domestic market, gold prices are also influenced by the global upward trend, although these two markets are less interconnected.

Source: Viet Nam News November 27, 2023 02:44 UTC