jackntx

Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead

Sorry for appearing as a novice here, but I have a 'big picture' basic supply-demand question implicated by this article . . .
Wouldn't the elimination of Vietnamese buyers of gold act as a reduction of demand (from a worldwide point of view), thereby putting downward pressure on the price of gold? In other words, if a class of buyers is removed from a market, thereby reducing overall demand, and supply remains unchanged, wouldn't that (in classical economic terms) work to reduce the price (at least on a short term basis and assuming all other price determinants remain equal)?

Don't get me wrong, I'm all for a continuing bull market in gold, I'm just wondering how on a macroeconomic scale the Vietnamese prohibition will likely affect the current world gold market.

Thank you for any help !!!