God of Wealth drives demand for gold

Domestic gold demand surged sharply on February 28 in Hanoi, Ho Chi Minh City and elsewhere as Vietnamese prefer buying the metal to mark the God of Wealth Day – the tenth day of the Lunar New Year.

Domestic gold sales drop

Since the Lunar New Year holiday, or Tet, domestic gold demand has been slowing down significantly, so traders do not pay attention to gold auctions organised by the central bank like before.

Capital flows into gold as a hedge: magazine

According to the latest report from the World Gold Council (WGC), Vietnam ranks seventh in the world's total gold consumption in 2013. Fluctuation of the prices of the precious metal has drawn the attention from not only speculators but also people who keep it as a hedge.

Gold, dollar rebound on the ‘street'

Both gold and the US dollar rebounded strongly on the "street" on Nov. 8 after having cooled when the State Bank of Vietnam announced on Nov. 5 that it would inject more dollars into the market.