Vietnam Gold Prices Drop VND1 Million Amid Global Market Fluctuations and US Rate Hike Fears
Vietnam's domestic gold prices have fallen by VND1 million to VND147.6 million per tael. This decline is primarily driven by a drop in international gold prices, fueled by stronger-than-expected US employment data increasing speculation of further interest rate hikes by the Federal Reserve. Domestic prices now exceed international rates by approximately VND7 million.
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