24h Economy: Experts make surprising predictions about gold prices

Phương Anh |

Experts make surprising predictions about gold prices; Ly Son garlic is harvested but depreciated; Robusta coffee prices lose 46 USD/ton... are notable economic news in the past 24 hours.

Experts make surprising predictions about gold prices

The latest weekly survey from Kitco News shows that the number of people optimistic about gold prices is decreasing, both among experts and individual investors, as gold continues to lose value every session.

Chuyen gia va nha dau tu du bao gia vang tuan toi. So voi tuan truoc, tam ly lac quan ve gia vang da giam dang ke. Nguon: Kitco. Bieu do: Phan Anh
Experts and investors predict gold prices next week. Compared to last week, optimism about gold prices has decreased significantly. Source: Kitco. Chart: Phan Anh

Of the 14 experts surveyed, only three (21%) predict gold prices will rise next week, while nine (64%) predict prices will fall. The remaining two experts (14%) see gold moving sideways.

In the private investor group (Main Street), out of 138 online polls, 62 people (45%) predicted gold prices to increase, 38 people (28%) predicted prices to decrease. The remaining 38 (28%) believe that gold will continue to move sideways in the coming time. See more...

Robusta coffee price loses 46 USD/ton

On March 2, the domestic coffee market continued to decline, losing an additional 500 VND/kg compared to the previous day. This is the third consecutive session that prices have decreased.

Coffee prices in key areas such as Dak Lak, Gia Lai, Dak Nong remained at 129,500 VND/kg, down 500 VND compared to the previous day. Lam Dong has the lowest price, reaching 127,500 VND/kg.

Gia ca phe ngay 2.3 tiep tuc giam nhe tren ca thi truong trong nuoc va the gioi. Anh: Thanh Tuan
Coffee prices on 2.23 continued to decrease slightly in both domestic and international markets. Photo: Thanh Tuan

On the London Stock Exchange, Robusta coffee prices continued to weaken. The May contract decreased by 46 USD/ton, falling to 5,330 USD/ton, equivalent to a decrease of 0.86%. See more...

Selling a difference of up to half a billion VND of land auctioned by Thanh Oai online

On social networks, information about the sale of auctioned land plots in Thanh Oai district (Hanoi) has appeared everywhere, with prices ranging from 100 - 500 million VND per plot. Video: Nhu Ha - Hoang Khoi

Ly Son garlic specialty is harvested but depreciated

Garlic is the main crop of Ly Son island district, accounting for more than 70% of the district's agricultural output. This year, favorable weather has helped most of the garlic fields of farmers on the island grow and develop well.

The season of harvested garlic is a good one, so garlic growers are excited. Ms. Le Thi Do - a resident of Tay An Hai village, Ly Son district - said: "This year's garlic is in good harvest and has achieved high yields. As much garlic is harvested, traders come to buy it all".

Dac san toi Ly Son duoc vi nhu “vang trang” nhung gia ca bap benh. Anh: Vien Nguyen
Ly Son garlic specialty is considered "white gold" but the price is unstable. Photo: Vien Nguyen

Although garlic is in good harvest, the price of fresh garlic is low, ranging from 20,000 to 30,000 VND/kg. Therefore, the joy of garlic growers is not complete. Mr. Bui Thanh Hong (residing in Tay An Hai village) said: "Although the garlic season is here, farmers are very happy, but the price of fresh garlic is still low. We hope that in the coming time, garlic prices will increase so that garlic growers can improve their income". See more...

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Updated gold price at the end of session 2.3: Heavy losses when surfing

Phan Anh (Theo Kitco) |

Updated gold price at the end of session 2.3: After a week of plummeting gold prices, domestic investors lost up to 3.2 million VND/tael.

24h Economy: Gold prices surge, many people continue to hunt for them

Phương Anh |

Gold prices increase, many people hunt to buy; The secret to the hot density of MST pink plums; The Yen has just reached its peak and turned down... are notable economic news in the past 24 hours.

24h Economy: Yen unexpectedly lacks momentum

Phương Anh |

Yen lacks momentum to increase; Vegetable prices increase sharply after the rain; General Department of Customs applies a new organizational model from 1.3... are notable economic news in the past 24 hours.