Jin10 data reported on April 5th, the gold price in Vietnam fell to its lowest level since March 27 on Saturday morning, after reaching a new high earlier this week. Gold bars from Saigon Jewelry Company dropped by 1.19% to 101.01 million Vietnamese dong (equivalent to $3,879.09) per two, with one two equal to 37.5 grams or 1.2 ounces. The price of gold rings also fell by the same margin to about 100 million Vietnamese dong. Global gold prices dropped by more than 3% on Friday, wiping out gains made earlier in the week. Standard Chartered analyst Suki Cooper stated, “We tend to view gold as a liquidity asset used to meet additional Margin requirements elsewhere, so it is not uncommon for gold to be sold off after risk events, aligning with historical trends.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
