Experts predict very positively about gold price this week
The latest Kitco News weekly gold survey shows that industry experts are unprecedentedly optimistic about this precious metal. Meanwhile, individual investors also forecast that gold will continue to increase in the short term.
17 experts participated in Kitco News' gold survey. Not one of them predicted a drop in gold prices this week. 15 experts, accounting for 88%, expect gold to continue to set new peaks next week. Only 2 people, equivalent to 12%, said that prices would trade sideways.
Meanwhile, 170 individual investors participated in Kitco's online survey, with strong optimism. 120 investors, accounting for 71%, expect gold prices to rise this week. 33 people, equivalent to 19%, said that gold prices would decrease. There are 17 investors, equivalent to 10%, predicting prices will move sideways in the short term. See more...
Sweet tea blossoms in the West have a good harvest, farmers have a bumper harvest
The reason why the stock market last week fluctuated strongly
Vietnam's stock market launched a new trading week after Tet holiday with many strong fluctuations. Despite the initial decrease pressure, VN-Index has recovered thanks to the support information from domestic policies and ended the week with a slight increase. However, the resistance area of 1,280-1,300 points is still a big challenge, making the market need more accumulated time before breaking out.
According to Mr. Dinh Quang Hinh - Head of the Market Macro and Strategy Department, VNDIRECT Securities Joint Stock Company, after the Lunar New Year holiday, the Vietnamese stock market launched a new trading week with many strong fluctuations.
The first trading session after Tet recorded a significant decline in VN-Index due to the impact of US information announcing import tax on exported goods from Canada, Mexico and China. However, immediately after that, the market quickly regained its recovery momentum when the US announced the postponement of tax policy implementation for Canada and Mexico within a month. See more...
Traditional markets of Ho Chi Minh City are empty of both sellers and buyers
After the Lunar New Year holiday, business activities in traditional markets in Ho Chi Minh City are still less exciting. Many small businesses in the markets have not been re -sold, the purchasing power has not shown signs of recovery, revenue decreases significantly.
“Customers mainly focus on fresh vegetables and foods, while other industries do not have buyers. I opened for sale in the past 2-3 days to make it a day and make it less sad. Customers almost never stop by to buy it" - Ms. Ngoc Thuong, a trader at Ba Chieu market (Binh Thanh district) said.
One of the notable fluctuations is the surprising change in vegetable prices. According to records, prices of some items such as suffering, tomatoes and lettuce have decreased sharply in just one week.
Suffering decreased from nearly 30,000 VND/kg to 10,000-15,000 VND/kg, tomatoes from 35,000 VND/kg to 15,000-20,000 VND/kg ... The main reason is supposed to be a supply from the abundant Unit market, leading to decreasing retail prices. See more ...
