Vietnam and high gold prices

Discussion in 'Economics' started by bearice, Oct 7, 2010.

  1. But on a supportive note for gold, the central bank in key consumer Vietnam saying it would consider granting permits for gold imports, which have been banned for over two years, if domestic prices rose "unreasonably high.

    "People are going to focus on the fact that Asian physical market will be tight. Last time Vietnam opened the door to gold imports, gold went up $20. In percentage terms, it could translate into $30 today," said a Singapore-based trader.