24h Economy: Gold price breaks out, experts predict new record

Phương Anh |

Experts predict gold prices; Coffee prices increase; Trust returns to investors if virtual currency is managed... are notable economic news in the past 24 hours.

Gold price breaks out, experts predict new record

Gold prices are trading at a record high and approaching $3,000/ounce. While many are waiting for this milestone, Macquarie Bank believes that gold's rally will not stop even if it breaks this level.

Macquarie's commodity analysis team, led by Marcus Garvey, updated its 2025 gold price forecast on Thursday. They predict gold could reach $3,500/ounce by the third quarter of 2025, approaching an all-time high set by January 1980 inflationary adjustments.

The new forecast comes as gold prices have reached the bank's target for the second quarter. According to experts, gold is still an important safe haven asset as the bank's economists predict that global economic growth could decrease to only 0.3% in the third quarter of this year.

Co du bao cho rang, gia vang co the dat 3.500 USD/ounce vao quy III/2025. Anh: Phuong Anh
It is forecasted that gold prices could reach 3,500 USD/ounce in the third quarter of 2025. Photo: Phuong Anh

We see the strength of gold prices up to this point, as well as the prospect of continuing to increase, mainly because investors and institutions are willing to officially bid higher for the characteristics of no credit risks or partners of gold.

This was clearly demonstrated when gold prices hit a nominative record high of $2,956/ounce on February 24, although the opportunity cost of holding gold (not-yielding) remained high, the report wrote. See more...

Coffee prices continue to increase

On March 15, the domestic coffee market recorded a slight increase of VND 500/kg. The purchase price in the areas is as follows:

Dak Lak, Dak Nong: 133,500 VND/kg (+500 VND)

Lam Dong: 131,500 VND/kg (+500 VND)

Gia Lai: 133,500 VND/kg (+500 VND)

This increase has helped coffee prices recover after a period of fluctuations, standing more firmly at 133,000 VND/kg.

Ngay 14.3, gia ca phe trong nuoc tang them 500 dong/kg. Anh: Thanh Tuan
On March 14, domestic coffee prices increased by 500 VND/kg. Photo: Thanh Tuan

On the London Stock Exchange, Robusta prices increased slightly:

January term: 5,528 USD/ton (+20 USD, equivalent to +0.36%)

7: 5,506 USD/ton (+22 USD, equivalent to +0.40%). See more...

Confidence returns to investors if virtual currency is managed

Completing the legal framework for virtual assets, cryptocurrencies, virtual currencies... in Vietnam will help protect investors when participating in this type. Video: Duong Anh - Minh Chau

Risk of sellers leaving when Shopee, TikTok Shop increase fees

Recently, e-commerce platforms Shopee and TikTok Shop announced the application of increased floor fees for sellers from April 1.

The fee increase from both platforms puts many sellers in a difficult position, especially small stores or businesses with low profit margins.

Shopee e-commerce platform adjusts fees for regular shops, accordingly the maximum floor fee - called a fixed fee - from 4% to the highest of 10%. Most industries currently subject to a fee of 3 - 4% will be 7 - 9%.

Meanwhile, TikTok Shop also raised the commission for regular stalls from 1 - 3% to 1 - 4%, while genuine stalls from 1.5 - 5.78% to 1.21 - 7.7%.

Mr. Tran Trung - a household retailer (Hanoi) - said that items sold on Shopee are charged a fee of 1 - 4% depending on the type, now they are about to increase to 1.5 - 9.5%. For TikTok Shop, the maximum payable rate is 4%.

Doi voi anh Trung, viec tang phi tu ca hai nen tang la cu soc voi nguoi ban nao phu thuoc hoan toan vao san. Anh: NVCC
For Mr. Trung, the fee increase from both platforms was a shock for any seller who was completely dependent on the platform. Photo: Interviewee

'We are forced to adjust selling prices to cover costs, which will affect customers' purchasing power. If costs continue to increase without a reasonable support policy, I may have to switch to another business direction, said Mr. Trung. See more...

Phương Anh
TIN LIÊN QUAN

24h Economy: Gasoline prices drop sharply, lowest in 3 years

|

Gasoline prices drop sharply; Da Nang tourist market is ready to welcome guests; The pork market in Ho Chi Minh City is still fluctuating... are notable economic news in the past 24 hours.

24h Economy: Gold prices increase, people line up to buy

|

Gold prices increase, people line up to buy; Coffee prices increase sharply; Securities maintain an upward trend... are notable economic news in the past 24 hours.

24h Economy: Gold price drops, growth momentum remains solid

|

Gold prices have decreased, the momentum for increase is still solid; Pork prices in the North have turned down; Yen has steadily increased... are notable economic news in the past 24 hours.

Despite the danger, people freely fish in prohibited waters

|

Hoa Binh - Although warning signs have been erected along the Hoa Binh Hydropower Plant area, many people are still calmly fishing right at the foot of the dam.

Transferring the Ministry of Public Security to consider investigating 2 projects in Vinh Long

|

The Government Inspectorate forwarded information and documents to the Ministry of Public Security for consideration and investigation of the two projects in Vinh Long.

Vietnam travels to the United Nations to map the Gulf of Tonkin base road

|

Vietnam has used the United Nations' basic golf and Tonkin route map and coordinates.

Gold price breaks out, profit up to 3.9 million VND/tael after half a month

|

Gold prices have broken out strongly in the past half month, bringing attractive interest rates to investors.

Forecast of heavy rain in the area due to increased cold air

|

According to the meteorological agency, tonight, March 15, due to the impact of cold air, the area from Quang Binh to Khanh Hoa will have local heavy rain.

24h Economy: Gasoline prices drop sharply, lowest in 3 years

Phương Anh |

Gasoline prices drop sharply; Da Nang tourist market is ready to welcome guests; The pork market in Ho Chi Minh City is still fluctuating... are notable economic news in the past 24 hours.

24h Economy: Gold prices increase, people line up to buy

Phương Anh |

Gold prices increase, people line up to buy; Coffee prices increase sharply; Securities maintain an upward trend... are notable economic news in the past 24 hours.

24h Economy: Gold price drops, growth momentum remains solid

Phương Anh |

Gold prices have decreased, the momentum for increase is still solid; Pork prices in the North have turned down; Yen has steadily increased... are notable economic news in the past 24 hours.