Gold price receives surprising forecast from experts
Adrian Day - Chairman of Adrian Day Asset Management - said: "Gold prices will increase". He explained that the increase still belongs to gold, especially in the context of a volatile stock market. The reasons why investors have been buying gold for the past two years remain unchanged.
Gold has had an extremely impressive week, and I still dont see any reason to change the bullish view, said James Stanley, senior market strategist at Forex.com.
He added that gold prices have increased too much, making buying more difficult at the moment, but there is still no clear sign that this increase has ended.
Sean Lusk, co-head of commercial hedging at Walsh Trading, said the market is still in a state of running away for shelter, and gold is benefiting from that fear. See more...
Gasoline prices are expected to increase
Recorded on April 20, WTI oil prices and Brent oil prices both increased.
"This is a potential loss of supply for the market," said John Kilduff, a partner of again Capital. This increases concerns that global supply will tighten in the coming time. Traders are now positioning a possible cut in Iran's crude oil supply in the summer."
Supporting the price increase this week is also the OPEC announcement that it has received an updated plan related to cutting oil production for some member countries to compensate for exploitation exceeding the agreed quotas.
According to the latest plan, from April 2025 to June 2026, the monthly cut output will be in the range of 196,000 barrels/day - 520,000 barrels/day, an increase from 189,000 barrels/day to 435,000 barrels/day before. See more...
High-quality labor competition in the AI-era job market
Local price increases, suburban land owners are tired of finding buyers
According to Lao Dong reporters, land prices in many suburban areas of Hanoi are still high, but liquidity is still small. Even many landowners, even though they have been selling for a long time, have not been able to "close the deal", having to lower the price by hundreds of millions of VND but still have difficulty finding buyers.
Mr. Tran Van Thang (35 years old, residing in Can Huu commune, Quoc Oai district) said that since the beginning of 2024, he has been selling a plot of land with an area of 90m2 of inter-commune road surface for 2.2 billion VND.
"This price is nearly 200 million VND lower than the peak at the end of 2023, but this year, only a few people have asked, no one has made a deposit to buy" - Mr. Thang said and added that many investors have previously competed to buy, but now they are hesitant to spend money.
Similarly, Mr. Pham Van Cuong (36 years old, residing in Yen Bai commune, Ba Vi district, Hanoi) informed that since the beginning of 2024, he has been patiently selling a 110m2 plot of land on an inter-commune road for 1.9 billion VND, but until now, no one has decided to buy it. See more...
