HÀ NỘI — Gold price witnessed a gradual decrease following an initial high during Monday’s session, eventually becoming constant at VNĐ37 million (US$1,666) per tael (1.2 oz). Domestic and international gold prices rose sharply, with BTMC opening at a selling price of VNĐ37.4 million ($1,684) per tael, up by VNĐ150,000 ($6.75) compared with February 3’s closing price. However, world gold price has been expected to rise, with a current selling price of $1,224.2 per oz. The dollar’s advantage against other currencies has also gone down, further stimulating the anticipated rise in gold price. According to a survey by Kitco, 72 per cent of experts predicted a rise in gold price, 17 per cent expected a decrease and the rest opted for a constant price.

Source: Viet Nam News February 06, 2017 09:56 UTC