Experts predict a new peak in gold prices
Gold prices increased by nearly 2% and surpassed the important threshold of 3,200 USD/ounce in the trading session on Friday, as concerns about an increased economic recession amid the escalating US-China trade war and a weakening USD.
The risk of recession is increasing, bond yields are skyrocketing and the US dollar continues to weaken all of which are factors that reinforce golds safe-haven and inflation-preventing role, said Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.
China raises import tariffs on US goods to 125%, in response to US President Donald Trump raising tariffs on Chinese goods to 145%. This move increases trade tensions and threatens global supply chains.
Global stock indexes fell, the USD also fell sharply. A weak USD makes gold, which is priced in greenback, cheaper for foreign buyers.
Since last year, gold prices have maintained a strong increase, setting many record peaks and increasing nearly 21% this year, thanks to the demand for shelter, buying from central banks and the flow of money into gold ETFs.
We believe gold could continue to rise in a positive scenario, targeting $3,400 to $3,500 an ounce in the next few months, UBS expert Giovanni Staunovo predicted. See more...
Green tourism trend, making Vietnam an environmentally friendly destination
Yen continues to increase impressively
According to Lao Dong, on April 11, the Japanese Yen (JPY) increased impressively against the US Dollar (USD), pushing the USD/JPY exchange rate back to nearly 143.50. This development shows that investors are looking to Yen as a safe haven in the context of a volatile market.
The main reason for the stronger Yen is concerns about a trade war between the US and China. US President Donald Trump has just announced an increase in import tariffs on Chinese goods from 104% to 125%, while temporarily reducing tariffs on goods from a number of other countries. This surprise decision raised concerns that trade tensions will escalate, negatively affecting global economic growth. See more...
The Civil Aviation Authority informs airfares during the holidays of April 30 and May 1
According to the Civil Aviation Authority, during the period of the start of the holiday (from April 29, 2025 to May 4, 2025), the booking rate on tourist flights from Hanoi, Ho Chi Minh City to localities has mostly reached over 50% in the first days of the holiday (April 29, 30-2025).
These are the days when passengers start to have a holiday and travel to domestic tourist destinations.
In particular, some routes have reached 85% to 100% of booking rates on April 30, 2025, such as the routes: Hanoi - Hue (89%), Hanoi - Tuy Hoa (94%), Hanoi - Chu Lai (95%), Ho Chi Minh City - Phu Quoc (87%), Ho Chi Minh City - Con Dao (92.7%), Ho Chi Minh City - Tuy Hoa (100%)...
At the end of the holiday (from March 3 to May 4, 2025), the booking rate showed a high increase on flights from the locality back to Ho Chi Minh City and Hanoi. See more...
