Gold Increases to New High

The gold price in New York jumped to an all-time high of US$975 per ounce on March 1, and in Ho Chi Minh City it rose to a new high of VND19.2 million per tael (1.2 ounces).

The HCMC price was VND350,000 higher than the final price of February 29.

The U.S. FED and international organizations have recently reported a lot of inflation in the U.S. and a weakening dollar, making investors to rush to gold.

By Mai Thi – Translated by Minh Tuong

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