Gold price sets new record, analysts make surprising predictions
With the strong rally, many experts believe this is just the beginning of a larger trend. In an interview with Kitco News, Michele Schneider - chief strategist at MarketGauge - said that if gold clearly breaks through the $ 2,800 / ounce level, prices could go straight to $ 3,000 / ounce.
However, some experts say geopolitical instability due to the policies of the new US administration of President Donald Trump is boosting safe-haven demand, pushing gold prices higher sooner than expected.
Notably, gold's rise came right after the US Federal Reserve (FED) decided to keep interest rates unchanged and signaled that the easing cycle could end sooner than market expectations.
In a press conference following the latest monetary policy decision, Fed Chairman Jerome Powell stressed that the committee is in no rush to cut interest rates as the inflation outlook remains uncertain and the labor market remains strong. See more...
Hanoi Pho prices increase during Tet, but diners are still crowded
According to a survey, many popular pho restaurants in Hanoi have reopened. Notably, most pho restaurants have adjusted their prices to increase by 10,000 to 15,000 VND per bowl compared to normal days.
Nguyen Viet Thang, a resident of Thanh Tri (Hanoi), said that this morning he enjoyed a bowl of pho for 50,000 VND, an increase of 15,000 VND compared to usual. Despite the price increase, the number of customers coming to pho shops remains stable, showing that this traditional dish still retains its special appeal during Tet.
Ms. Le Thi Hong, an office worker in Cau Giay District, shared that on the second day of Tet, she and her family went to eat at a hot pot restaurant on Duy Tan Street. She noticed that the price of each hot pot dish increased by about 20,000 VND compared to before Tet.
However, Ms. Hong said: "My family understands that during the holidays, the operating costs of restaurants increase, so adjusting prices is acceptable. The important thing is that the quality of the food and service is still good." See more...
On the third day of Tet, the price of released birds doubled compared to normal days.
Stock market after Tet, factors to watch
After each Lunar New Year holiday, the Vietnamese stock market is often affected by many specific factors such as investor psychology, liquidity and domestic and international economic developments.
2025 is the year when the stock market faces a major challenge: the pressure to mature corporate bonds. This is the peak year for the maturity of bonds issued in the 2020-2021 period, especially concentrated in the real estate group.
Although some businesses have proactively restructured their debt and bought back bonds before maturity, many companies still face liquidity risks. This situation can put great pressure on real estate stocks and negatively affect market sentiment.
According to Mr. Dao Hong Duong, Director of Industry and Stock Analysis at VPBank Securities (VPBankS), in the past 5 years, there were 3 years when the market increased after Tet, of which 2 years increased strongly by over 4%.
He said that after Tet, investor sentiment is often more positive, along with the announcement of business results of listed enterprises and the start of the general meeting of shareholders season, creating momentum for market liquidity. See more...
