The fall in worldwide demand for gold, along with the predicted economic slowdown in 2024-2025, would make it difficult for gold prices to climb appreciably.
Local demand for gold bars and coins dropped by 5 per cent year-on-year from 9.6 tonnes in the second quarter last year to 9.1 tonnes in the same period this year.
Vietnamese’s gold demand was estimated to total 12 tonnes of jewellery, bars and coins in the third quarter of this year, representing a rise of 264% year-on-year,...
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