Ok a little recap for the past three days of gold price.
As you may find out for the past three days have been a roller coaster for us. Which take up and down.
The cause for the down price is because of profit taking that has been taken by some investors for seeing the dollar rebound at the lowest. Of course speaking fundamentally gold price could still be able to rise.
Some little information.
PRECIOUS METALS: Vietnam May Permit Gold Imports on High Prices, VnEconomy Says
Vietnam?s central bank may allow businesses to import gold to ?stabilize the market? so that domestic prices will move closer to the international trend, online newswire VnEconomy reported, citing Nguyen Quang Huy, head of the State Bank of Vietnam?s department for foreign-currency management.
Ok. That concludes our report for this week.
Happy weekend folks. 🙂
Indra
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