Gold Price Up - US$ Down

SJC gold price on March 1 increased remarkably when investors began to hoard the metal on the US dollar's decline.

Since investors began to purchase the precious metal on the US dollar’s decline, which resulted in the recovery of global gold price, the domestic gold price on Wednesday reached VND10.71 – 10.72 million (US$674) a tael (1.3 ounces), up by VND90,000-100,000 (US$7) compared with that on February 28.

In the global market, gold price climbed by US$9 an ounce over Tuesday to close at US$563.

By T.N – Translated by Trong Khuong.

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