Gold price breaks out as the stock market heats up
According to the latest report from the World Gold Council (WGC), central banks' demand for gold is still huge as total global reserves increased by 18 tons in January.
Strong purchases in January continued the buying momentum of 1,045 tons of gold by central banks in 2024. This is the third consecutive year that official reserves have increased by more than 1,000 tons, much higher than the long-term average.
Constant buying shows that gold plays an important role in official reserves, especially as central banks face increasing geopolitical risks, wrote Marissa Salim/Senior Research Lead, APAC at WGC. See more...
personalized gifts explode on March 8, number of customers increases sharply
Yen maintains its upward momentum amid economic storm
The Japanese Yen (JPY) continued to increase as the USD/JPY exchange rate fell below 150.00 in the trading session on March 5. Uncertainty surrounding the new tariffs applied by President Donald Trump to Canada and Mexico has worried investors, increasing demand for the Yen - a safe-haven asset.
In the session on March 4, USD/JPY hit its lowest level in nearly a year, down nearly 148.40. The USD weakened as more and more investors believe that the US Federal Reserve (Fed) will soon cut interest rates. The DXY index, which tracks the value of the US dollar against other major currencies, also fell to nearly 106.00 - its lowest level in nearly three months. See more...
Coffee farmers struggle to cope with climate change
Coffee is the main crop of Dak Lak - the province with the largest coffee area in the country. However, in recent years, climate change has seriously affected crop productivity and quality, causing many farmers to worry, especially as the dry season approaches.
Ms. Vu Thi Doan (village 6, Cu Sue commune, Cu M'gar district, Dak Lak) shared that the weather is getting more and more erratic, no longer following the previous rules of rain and sunshine.
Sometimes the drought lasted for a long time, sometimes there were continuous storms, causing coffee to bloom unevenly, with many coffee beans, and output decreased.
Citing 2024, Ms. Doan said: "Last year, the dry season came early, causing coffee trees to wither. Despite being watered many times, the garden still did not recover because the temperature was too high, especially at noon. Due to the prolonged drought, my family's 5 sao of coffee can only harvest 1 ton". See more...
