Gold Prices Keep Going Down

The price of gold at Saigon Jewelry Company went down by 0.82% to VND146 million per tael. This means people who bought gold lost some money. The price of gold changed during the day.

The price of a gold ring also went down by 1% to VND145 million per tael. One tael of gold is equal to 37.5 grams. This is also 1.2 ounces. People buy gold in taels.

Around the world, gold prices did not change much on Monday. People were watching what happened with the US and Iran. They wanted to know how it would affect oil prices. Some important people in the US said they might need to increase interest rates.

The price of gold that you can buy now was $4,018.75 per ounce. Gold for the future was $4,023.20 per ounce. This is a very small increase.

Someone is holding gold bars in a store in Ho Chi Minh City.

A man from UBS said that gold prices are connected to oil prices. When oil prices go up, gold prices go down. People are watching what happens in the Middle East.

Experts think the price of gold will go up in the next year. They think the value of the dollar will go down, which will make gold more valuable.

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