24h Economy: Unexpected forecast by experts on gold prices

Phương Anh |

Experts' surprising forecasts about gold prices; Reasons for the temporary closure of the Russian market in the center of Ho Chi Minh City... are notable economic news in the past 24 hours.

Experts' surprising prediction about gold prices

After many consecutive weeks of optimism, the latest survey results show that the Western market sentiment suddenly Differentiated significantly, as gold prices have just experienced a series of strong increases and then adjusted shortly at the end of the week. Meanwhile, individual investors remain calm ahead of the new trading week.

Du bao cua chuyen gia Pho Wall ve gia vang tuan nay. Bieu do: Khuong Duy
Wall Street experts' forecast for gold prices this week. Chart: Khuong Duy

Last week, 15 analysts participated in the survey. Wall Street analysts have somewhat eased their expectations for price increases. Of these, 9 people (equivalent to 60%) predicted gold prices would increase this week, 4 people (27%) expected prices to decrease, and the remaining 2 people (13%) expected gold prices to remain flat.

Meanwhile, an online survey by an international financial information platform attracting 265 participants reflects the optimistic sentiment of individual investors that remains stable despite strong fluctuations in gold prices.

180 traders (68%) expect gold prices to continue to rise this week, 48 (18%) predict prices will fall, and 37 (14%) expect prices to remain flat. See more...

Reasons for temporary closure of Russian market in the center of Ho Chi Minh City

From October 1, 2025, Nga market is announced to move from 328 Vo Van Kiet (Cau Ong Lanh ward) to 125 Hai Ba Trung (Saigon ward). This market has long been known as a place for trading Vietnamese goods exported to Russia and Russian specialty products imported to Vietnam.

However, immediately after announcing the new location, many opposing opinions were raised because it was located in the core heritage area of the center of Ho Chi Minh City.

Bien hieu cho Nga tai duong sach Nguyen Van Binh duoc phu bat che kin. Anh: Ha May
The sign of the Russian market on Nguyen Van Binh book street is covered with tarpaulin. Photo: Ha May

As of the morning of October 19, building No. 125 Hai Ba Trung was still closed. The sign of the Russian market attached to the facade of the building on Hai Ba Trung Street has been removed, while the path through Nguyen Van Binh Book Street is covered with tarpaulin.

Mr. Tran Trong Nghia - Head of the Economic, Infrastructure and Urban Affairs Department of Saigon Ward People's Committee - said that the ward has inspected the project at 125 Hai Ba Trung. After the inspection, the ward noted the repair because the project is located in the core area, adjacent to the relics on the list of relics such as Ho Chi Minh City Post Office and Notre Dame Cathedral. See more...

People earn millions by hunting for giant fish at the foot of the largest hydroelectric reservoir in the South

Dong Nai - Tri An hydroelectric reservoir has closed the spillway, hundreds of people flocked to hunt for giant fish, which is considered a "mental thing" because they can earn millions. Video: Nhu Quynh

Deposits in residential areas increase rapidly, 2.4 times higher than those of economic organizations

According to statistics from the State Bank, the total payment method as of the end of July 2025 reached 19.5 million billion VND. This figure increased by 8.75% compared to the end of 2024.

In this structure, the two main components have different growth rates. Deposits from economic institutions (ECIs) reached VND7.98 trillion, up 4.04% compared to the end of 2024. Meanwhile, people's deposits reached VND7.75 trillion, recording an increase of 9.68%.

Thus, the deposit growth rate of residential areas is about 2.4 times higher than that of economic organizations. See more...

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