Gold prices will increase if central banks continue to buy
Frank personal - CEO of U.S. Global Investors and President Hive Digital technologies believe that gold prices could reach $6,000/ounce by the end of President Donald Trump's term. He told Kitco News that this increase comes from the restructuring of the global financial system, the wave of de-dollarization and countries, especially China, increasing their gold purchases.
I think the target is gold to $6,000/ounce under Trumps term. If tariffs increase by 25%, the USD must decrease by 25%, Holmes said.
Gold is currently holding around $3,300/ounce after hitting a historical peak of $3,509/ounce early last week, then falling sharply by $200. JPMorgan forecasts gold to reach $4,000/ounce in the next 12 months. However, Holmes believes that gold prices will increase sharply if central banks continue to buy. See more...
Goods with blue ticks dominate in supermarkets in Ho Chi Minh City
Yen continues to increase
According to Lao Dong, on April 28, the Japanese Yen (JPY) increased slightly, temporarily suspending its downward trend against the USD after reaching its highest level in many months. The lack of clarity in signals from the US and China has reduced expectations for a quick resolution of trade conflicts, thereby boosting safe-haven cash flow into the Yen.
According to FXStreet, expectations of a US-Japan trade deal also provided additional support for the JPY. US Treasury Secretary Scott Bessent said he had a very constructive discussion with his Japanese counterpart, raising hopes for a deal in the future. Meanwhile, Japan has rejected information that the US supports a weak USD and a strong JPY. See more...
Hanoi market management seizes nearly 20 tons of frozen chickens of unknown origin
On April 28, the Hanoi Market Management Department said that dozens of tons of frozen chickens without invoices or legal documents, without information about their origin or quality certificates had just been inspected and temporarily detained by the Hanoi City authorities.
Accordingly, on April 21, Market Management Team No. 17, under the Hanoi Market Management Department, coordinated with PC03 Department - Hanoi City Police, to conduct a surprise inspection at Xuan Thang Food Import-Export and Trading Company Limited, located in Ha Vy village, Le Loi commune, Thuong Tin district, Hanoi City.
At the time of inspection, the Inspection Team discovered 14,196 frozen chickens (total weight of 18,454kg) and 560kg of frozen chicken organs without legal invoices or documents. These products do not have information about the origin or quality certification, violating legal regulations on food safety and goods origin management. See more...
