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Vietnam C.bank to increase gold supply on back of record prices

The State Bank of Vietnam intends to increase the gold supply after being directed by the Prime Minister to stabilise the gold price after it reached record highs last week, Tuoi Tre is reporting. Specifically, gold reached US$86.51 a gram in Vietnam about 20 percent higher than the world gold price. The announcement from the SBV has seen the gold price drop around ten percent.

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