Experts predict a shocking world gold price peak by the end of the year
Francisco Blanch - Head of Global Commodity and derivatives Research at Bank of America Securities - said that the current adjustment of gold prices is the result of reducing geopolitical instability in the short term. However, this expert believes that gold and silver will continue to record an increase in the second half of 2025.
We have forecast gold prices to reach $3,500/ounce in the first half of this year. We have achieved that goal, and we now think the market is going through an adjustment that could last for several months.
However, we are still optimistic in the long term. We think that in the long term, it could be in the second half of 2025 or by 2026, gold prices will surpass $4,000/ounce, but we are currently going through a correction because some of the extreme uncertainty we have seen in recent months seems to be easing.
We have been very close to $3,500/ounce a few times, but to get past that level and continue to increase, we need the return of some geopolitical uncertainty and policy uncertainty. We predict this will happen by the end of this year, in 2026, but now we believe that a continuous increase in gold prices from now on is not feasible, Blanch said in an interview with CNBC. See more...
Da Nang expects to welcome more than 4 million visitors during the summer
Yen suddenly reverses and decreases
According to Lao Dong, on May 28, the Japanese Yen (JPY) continued to be under downward pressure and traded near its lowest level in more than a week against the USD, as the greenback benefited from positive US economic data and improved global risk sentiment.
According to FXStreet, the Yen is under pressure from concerns that the Japanese government will intervene to control the increase in bond yields. Finance Minister Shunichi Kato has said he will monitor the market closely, while Reuters reported that Tokyo may adjust its bond issuance program, including cutting the amount of super-long bonds. See more...
Yen Bai discovers a milk business for people with diabetes and pregnant women with signs of forgery
On May 28, speaking with reporters, Mr. Tran Hung Tuan, Deputy Head of the Market Management Department of Yen Bai province, said that the unit advised the Provincial People's Committee to establish a special working group to focus on combating trade fraud and counterfeit goods during the period from May 15 to June 15, focusing on products such as functional foods, medicine, and milk for children.
Through the inspection, the interdisciplinary team discovered a number of establishments with signs of violations, mainly related to smuggled goods, without invoices, documents and some products with signs of forgery. See more...
