Gold Prices Can Fall Sharply Only Over Vnd 47 Million / Tael

There are many factors pushing gold prices continuing to fall strongly in the coming time. On September 27, gold prices remained at 1,748 USD / ounce, equivalent to 48.4 million dong / tael. With this price almost gold has not changed a lot after the price collapse last week.Theo Edward Moya, the Golden Analyst of Oanda Fund, Evergrande debt crisis did not lead to worry market so prices Gold lost its momentum, higher treasury bond yields and stronger USD after optimistic announcement of the US Federal Reserve (FED), gold prices were able to drop sharply to 1,700 USD, equivalent to 47

.1 million. "The 1,700 USD has appeared many times this year, even with the time when gold has plunged to $ 1,680 before recovering again," Edward Moya said. However, the market Gold is having another pressure once the FED has declined to buy bond assets in November In addition, the stock market aims to push the price of high prices as gold capable of being sold off. General said, Mr. Bart Melek, Director of TD Securities Global Investment Strategy Department, said that gold prices will Reduce and have the ability to fall on $ 1,700 once the Fed implements the decisions to reduce the purchase of assets in November.

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