24h Economy: Queuing up to buy despite high gold prices

Phương Anh |

Queuing up to buy despite high gold prices; Coffee prices skyrocket, reaching new peaks; After Tet, technology motorbike taxi prices increase... are notable economic news in the past 24 hours.

Queue up to buy gold for good luck at the beginning of the year

According to Lao Dong reporters, on the 6th day of Tet, on Cau Giay Street (Hanoi), many people came to stores to buy gold for good luck in the new year.

Mr. Nguyen Tuan Luc - a customer who came to buy gold at a store on Cau Giay Street (Hanoi) - said: "Before Tet, I could not buy gold bars because all the stores said they were out of stock.

Today I came here at 8:30 to wait to buy gold for luck. The staff informed me that the store will open at 9:00. Whether the store sells gold bars or gold rings, I will buy that type."

Tap nap khach xep hang truoc cua hang kinh doanh vang tren duong Cau Giay, Ha Noi cho mua vang dau nam moi. Anh: Phuong Anh
Many people are waiting to buy even though gold prices are high. Photo: Phuong Anh

Similarly, Ms. Bui Thu Oanh (Hanoi) also waited early to buy gold rings to welcome the beginning of the year.

"My family has a tradition of buying gold at the beginning of the new year. Although the current gold price is quite high, I still prioritize buying it to pray for luck and fortune in the new year. I am waiting for the store to open to buy a few taels of gold rings, hoping that everything will go smoothly in the new year" - Ms. Oanh shared. See more...

Coffee prices skyrocket, hitting new highs

The domestic coffee market increased sharply on the first day of returning to work, increasing by an average of VND1,700/kg per session. Currently, the purchase price fluctuates between VND129,700 - VND130,700/kg. The average coffee purchase price in the Central Highlands provinces today is at VND130,600/kg.

Gia ca phe ngay 3.2 tang vot, lap moc dinh moi. Anh: Dinh Vien.
Coffee prices skyrocketed on February 3, hitting a new peak. Photo: Dinh Vien.

Lam Dong is still the province with the lowest coffee purchase price in the Central Highlands. Compared to the stable level at the end of last week (2.2), coffee prices in this region increased the most, up to 1,900 VND/kg, currently at 129,700 VND/kg.

Purchasing price is higher than Lam Dong, Gia Lai and Dak Lak provinces recorded an increase of 1,700 VND/kg, standing at 130,500 VND/kg. See more...

After Tet, motorbike taxi prices increase, people have a hard time waiting for a ride

The demand for travel increased after Tet, the crowded streets caused the price of technology cars to increase, many people had to wait for cars in the cold air. Video: Hoang Khoi - Phuong Anh

Potential breakout of stock market after Tet

The stock market in January 2025 was relatively negative but improved in the last sessions before the Lunar New Year holiday. Technically, the VN-Index continued to maintain green in the last trading session of the Lunar New Year with gradually improving liquidity. The matched volume exceeded the 20-session average, showing that the upward trend is gradually taking over.

Forecasting the market trading trend in the week right after the Lunar New Year holiday, experts from Yuanta Vietnam Securities Company said that the market may continue to increase in the first session of the week and the VN-Index may soon test the resistance level of 1,280 points in the next few sessions. At the same time, the market may experience corrections due to the impact of the US's trade tensions with other countries, but the corrections may end quickly because the US is only imposing partial tariffs and this has been predicted in advance.

Thi truong chung khoan ky vong se som chinh phuc nguong 1.300 diem trong quy I/2025. Anh: Le Toan
The stock market is expected to soon conquer the 1,300-point threshold in the first quarter of 2025. Photo: Le Toan

Sharing the same view, Saigon - Hanoi Securities Company also believes that the short-term trend of VN-Index is quite positive again, market sentiment has improved well when VN-Index maintains the support zone and surpasses the important resistance zone around 1,255 points. Opening up the prospect of returning to the price range of 1,280-1,300, the upper limit of the medium-term accumulation channel of 1,200-1,300 that has lasted throughout the past year. VN-Index opens up the prospect of returning to the short-term growth trend. See more...

Phương Anh
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Gold prices are under pressure from the strong rise of the US dollar. The market is adjusting to the US trade policy with Mexico, Canada and China.

24h Economy: Experts make positive forecasts about gold prices

Phương Anh |

Experts make positive forecasts for gold prices; Coffee prices stabilize at high levels; 2025 lending interest rates increase... are notable economic news in the past 24 hours.

Queue up to buy gold for good luck at the beginning of the year

Phương Anh |

On the morning of the 6th day of Tet (February 3), domestic gold prices increased sharply. However, many people still spent time lining up to buy gold with the hope of bringing more luck in the new year.