The price of gold is going to rise especially because Vietnam will enable the organizations to import gold. In a statement issued past years, the Vietnamese authorities announced they will permit the import of their precious metal.
This is occurring because the Vietnamese market needs to be stabilized especially following over the domestic prices.
The glittering metal has always been a desired investment in Vietnam. On the one hand, because there has been a lengthy period of consumer price inflation and on the flip side because there've been some devolutions from the Vietnamese Dong that have left the consumers unconfident from the local money.
When the Vietnamese government will allow this to happen the price of gold around the world increases significantly. Due to the Indian festival period, the demand for the glittering metal has also risen. Financial experts say that the purchase price of gold will go over the measure of 1.400 dollars an ounce at the days ahead since there is a heightened need for the precious metal from China and India.
These imports will only increase the domestic price of the glittering metal that will most certainly rise above the prices of the precious metals on the global sector. But, it can also have a very negative impact on the Southeast Asian import invoice making the trade deficit even more complex than it was.