Reasons why gold prices are constantly struggling, difficult to overcome important resistance zones
World gold prices turned down after a recovery phase, currently fluctuating around 4,050 USD/ounce as profit-taking pressure increases and the market lacks momentum to break through. The price range of 4,150-4,200 USD/ounce continues to be an important resistance level, while the weakening USD only supports gold prices in the short term.
The market is still cautious about the prospects of US monetary policy. Although the Fed kept interest rates unchanged and the probability of raising interest rates in September decreased to about 61%, the risk of further tightening is still present. In addition, the stable labor market makes investors not strongly buy gold.
US inflation shows signs of cooling down, but risks from oil prices and geopolitical tensions may still put pressure back. In the short term, gold prices are forecast to continue to fluctuate around 4,050 USD/ounce and need more momentum from many factors. See more...
After the scandal in the diamond market, buyers need to pay attention to this
A series of gold, silver and gemstone stores in Ho Chi Minh City temporarily suspended operations in the context of the market being affected by the smuggling of 28,000 diamonds, disputes about inspection and the suspension of transactions by many businesses.
According to Dr. Tran Nguyen Dan - Director of the Institute of Insurance and Financial Risk Management (IFRM), successive events have created a synergistic effect, reducing consumer confidence.
To restore trust, Dr. Tran Nguyen Dan believes that businesses need to be transparent about the selling price structure, publicize gold prices, stone prices, wages, brand value and repurchase policies from the beginning.
At the same time, management agencies need to improve regulations on classification, valuation and information disclosure for gemstone assets to increase transparency. See more...
TikTok Shop increases fees, some industries charge nearly 20%
From August 3rd, TikTok Shop applies a new commission rate for Mall vendors in Vietnam. Many industries such as fashion, health, and beauty increase fees, of which the highest commission rate is up to 19.8%. For industries not in the detailed list, the default fee increases from 15.5% to 16%.
In addition to commissions, sellers also have to pay a transaction fee of 6% and a processing fee of 3,000 VND/order. With a order of 100,000 VND applying a commission rate of 16%, the total fees are about 25,000 VND (25% of the order value); if applying a commission rate of 19.8%, the total fee can be nearly 28,800 VND.
The above amounts do not include advertising, affiliate marketing, shipping or voucher costs. The fee increase continues to increase Mall retailers' costs, even though the default fee increase is only 0.5 percentage points higher than before. See more...
Golden Gate maintains IPO orientation after being stripped of public status, target for double profit in 2026
The State Securities Commission has canceled the status of a public company of Golden Gate Group JSC because the enterprise has not registered securities at Vietnam Securities Depository and Clearing Corporation (VSDC) and has not registered share trading as prescribed.
Golden Gate affirms that this is only a legal change, not affecting business operations, financial situation, shareholder rights or commitments to customers and partners.
Golden Gate said that the cancellation of public company status does not change the long-term IPO plan.
The enterprise will continue to improve its governance platform, improve operational efficiency and choose the appropriate time to deploy IPO, optimize enterprise value and shareholder benefits when market conditions are favorable. See more...
