Vietnam central bank takes steps to rein in gold

VIETNAM - The central bank will sell more gold to the domestic market in an effort to curb the upward spiralling price of the yellow metal following the events of 11 September in the United States, said deputy central bank governor Duong Thu Huong.

Gold surged to VND5.18 million per tael (37.5 grams) on Sunday just before the U.S. strikes against Afghanistan, and had reached VND5.27 million by 2 p.m. yesterday.

Huong described the sudden surge as unreasonable and said it would not last long

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