Banks make surprising predictions about gold price bottom at the end of the year
The nearly 30% increase in gold prices this year has attracted strong attention from investors, as more and more analysts target gold prices up to 4,000 USD/ounce. However, not all banks are optimistic about gold.
In the latest report, commodity analysts at Citigroup (a US multinational financial group) lowered their gold price forecasts and warned investors that the precious metal could fall below $3,000/ounce by the end of the year.
According to the new report, Citigroup has adjusted its gold price target for the next 0-3 months to 3,300 USD/ounce, instead of 3,500 USD/ounce as before. At the same time, they also lowered their gold price forecast for the next 6-12 months to 2,800 USD/ounce, down from the previous 3,000 USD/ounce. See more...
RON 95 gasoline price forecast to increase sharply from 700-900 VND/liter
According to analysts, if tensions escalate, especially Israeli attacks on oil export infrastructure or Iran disrupts transportation through the Strait, oil prices could reach $100/barrel.
Meanwhile, US energy companies have reduced the number of oil and gas drilling rigs for the eighth consecutive week, the first time since September 2023. This information was provided by the energy services company Baker Hughes in their close market monitoring report.
For the domestic market, a representative of a petroleum business said that domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the upcoming price adjustment period, retail prices of gasoline may continue to increase sharply. See more...
People and businesses surprised when coffee prices plummeted
According to records, on June 21, coffee prices in Dak Lak decreased by VND 5,000/kg compared to the previous day.
The price from 101,000 VND/kg after just one day has dropped to 96,000 VND/kg, marking the lowest level since the beginning of 2025.
Previously, coffee prices always remained above VND100,000/kg, even reaching a record of VND135,000/kg at one point (March 2025).
The return to double-digit prices has surprised many farmers. Mr. Nguyen Van Vinh, a farmer in Cu Sue commune (Cu M'gar district) said that his family has more than 1 hectare of coffee. See more...
Da Nang handles and reclaims the entire city of cosmetics violating Doan Di Bang's house
The Da Nang Department of Health has just issued Decision No. 4385/SYT-NVD on suspending the circulation, recalling, and handling of cosmetics violating singer Doan Di Bang's house.
Accordingly, based on current regulations on cosmetic management in Vietnam; Official Dispatch No. 1425/QLD-MP of the Department of Drug Administration (Ministry of Health) on suspension of circulation, recall and handling of violating cosmetics;
In order to ensure the health and safety of cosmetic consumers, Da Nang Department of Health has announced the suspension of circulation and recovery in the city of G-Thera Amino Anti-Wrinkle Mask (05 pieces, 25g box, lot: CL06C7, HSD: Exp20251218, receiving number of announcement vouchers 196219/23/CBMP-QLD) due to the original product labeled as the cosmetic product label Products (lack of butylene glycol, phenoxyethanol, ethylhexylglycerin). See more ...
