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Gold prices forecast to continue rising in short term
Experts have predicted that gold prices, which reached a record high last week, may continue to rise in the short term, but the upward trend would be hard to sustain in the medium and long term.
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| Gold prices forecast to continue rising in short term |
With these psychological factors, experts believe that gold prices will grow further in the short term. However, the current rising pace would not continue in the medium and long term because the price difference between domestic and global gold has reached 15 million VND (619.32 USD) per tael.
Earlier, gold prices experienced a flourishing week, setting a new record of 77.4 million VND per tael in the trading session on December 22.
Although the price quickly dropped from the peak, it still stayed at a high level. At the final session last week, buying prices were listed at 75.7 million VND per tael and the selling prices at between 76.9 million VND and 77 million VND per tael in Hanoi./.
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