# At the end of the week, gold prices plummeted, while oil prices rose.

> Spot gold fell by about $30 on Friday, dropping below $2,000 per ounce as Fed rate hikes reduced its appeal. Oil prices rose over the week, while the VN-Index fell and the dong was quoted at 23,634 per dollar.

- Date: 2023-04-22 · published 2023-04-22T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/36702-at-the-end-of-the-week-gold-prices-plummeted-while-oil-prices-rose
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Higher oil supports biofuel feedstock costs and vegetable oil prices, but this is routine market wrap with no new supply or demand shock.

## Read by commodity

- WTI: bullish ▲
- USDVND: neutral

## Sources

- vietnam.vn: https://www.vietnam.vn/en/ket-tuan-gia-vang-lao-doc-dau-di-len

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.