Gold prices take sudden dive

The price of gold in Vietnam declined sharply by VND120,000 on March 9 over the previous day’s closing price.

Saigon Jewelry Company bought gold at VND26.65 million and sold at VND26.70 million per tael.
 
Globally, bullion was at US$1,121.8 an ounce at 16:40 Vietnamese time March 9, a decrease of $1.9 an ounce over the last closing price.
 
Gold experts said prices had fallen due to the US dollar bouncing back and global investors pushing to sell the metal to take profits. 

By L.M.Thi – Translated by Gia Bao

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