Gold price increased terribly, what is the cause?

Dr. Nguyen Tri Hieu will answer questions online on the platforms of Nguoi Lao Dong Newspaper at 8:00 p.m. on March 29. Photo: Le Tinh

At the end of today, March 29, the price of SJC gold bars traded by businesses was around 98.4 million VND/tael for buying and 100.7 million VND/tael for selling, an increase of 500,000 VND/tael compared to yesterday. In just 1 week, the price of gold increased by more than 4 million VND/tael.

Similarly, the price of 99.99 gold rings and jewelry gold increased to 98.2 million VND/tael for buying and 100.4 million VND/tael for selling - an increase of 200,000 VND/tael. Since the beginning of the week, the price of gold rings has also increased rapidly by about 3.5 million VND/tael.

In particular, the Thang Long Dragon Gold bar of Bao Tin Minh Chau Company was sold for up to 100.9 million VND; the company's plain gold rings were also sold at a similar price.

Domestic gold prices are approaching the 101 million VND/tael mark, the highest mark in history.

In the international market, precious metals ended the weekend trading session at a new peak surpassing all previous records - 3,085 USD/ounce, up about 35 USD/ounce compared to the previous session.

Why is the price of gold increasing so dramatically? What factors are affecting the price of gold and what will be the next record price of gold?

Please watch at 8:00 p.m. on the online newspaper Nguoi Lao Dong and its digital platforms, through a conversation with economic expert, Dr. Nguyen Tri Hieu.

Source: https://nld.com.vn/gia-vang-tang-khung-khiep-nguyen-nhan-tu-dau-196250329191037797.htm