Gold price heading for historical peak, but silver is the most attractive
Gold prices continued to set a historical high when the precious metal reached $2,928.93/ounce at 15:23 EST on February 12. However, according to strategist Daniel Ghali from TD Securities, the situation has become even more positive for silver prices.
In the latest analysis, Ghali emphasized that history has proven that a strong USD often causes disadvantages for goods, including precious metals. However, this is no longer true in the current context.
"Gold is having an extremely strong set. As the US dollar strengthens, we see a surge in gold purchases from Asia, including central banks, retail investors, and financial funds, said Ghali.
However, the difference this year is that China's gold ETFs are no longer a pillar contributing to price increases. According to Ghali, trading volume on the Thuong Hai Gold Exchange skyrocketed last week, but this does not mean that purchases from Chinese ETFs increased.
"We believe that silver is in a very strong growth period, creating the most attractive investment opportunity in the current commodity market" - Ghali said.
He said the main reason was that London's silver reserves were falling rapidly, while supply was gradually moving to the US. Notably, the US is a major silver consumer and the silver shortage has lasted for the past 4 years.
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Income and housing prices are a difficult problem for workers
National pig prices increase
According to records, on February 14, the price of live pigs nationwide continued to increase. The North recorded an average of 70,900 VND/kg. Some provinces and cities have the same price of live pigs at 71,000 VND/kg such as Tuyen Quang, Thai Nguyen, Hai Duong...
In the pig market in the Central and Central Highlands, pig prices increased by 1 price in some places. Many provinces hit price number 7 such as: Quang Binh, Hue, Quang Ngai.... The average price of live pigs in the region increased to 70,000 VND/kg.
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Low-value imported goods must pay VAT from February 18
According to Decision No. 01/2025/QD-TTg, from February 18, 2025, low-value imported goods via express delivery services will have to pay VAT. This Decision abolishes Decision No. 78/2010/QD-TTg, which allows tax exemption for goods with a value below a certain level.
The policy change was made in the context of strong e-commerce development, significantly increasing the quantity of imported goods of small value. The Government believes that tax exemption is no longer appropriate, causing budget losses and creating unfairness between imported and domestically produced goods.
The abolishment of VAT exemption for low-value imported goods is in line with Vietnam's tax policy reform orientation. Resolution No. 07-NQ/TW dated November 18, 2016 of the Politburo and the Socio-Economic Development Strategy 2021 - 2030 sets a goal of expanding the tax base, limiting inappropriate tax exemption and reduction policies.
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