Gold prices may have peaked despite many supporting factors
Disappointing economic data has pushed gold prices to a four-week high. However, according to a market strategist, the historical peak of 3,500 USD/ounce in April could be the limit for gold prices, at least for now.
Carley Garner - co-founder of brokerage firm DeCarley Trading - said that although she is currently neutral on gold, she is waiting to sell when the price is higher.
Carley Garner's assessment was made in the context of gold attracting strong buying power thanks to safe-haven demand, stemming from economic and geopolitical instability. Although she believes gold is still an attractive asset in the long term, this precious metal has increased too quickly and too far. See more...
Dong Xuan market traders resume operations, cautiously trading
Cash flow weakens, stocks turn to decrease
In the trading session on June 5, investors were cautious in the context of the lack of supporting information, causing cash flow in the market to suddenly slow down significantly and throughout the session, no industry group was able to support, causing the VN-Index to decrease.
VN-Index closed the session on June 5 down slightly by 3.65 points to 1,342.09 points. Liquidity was short compared to the previous session, the value of matched orders on HoSE alone reached VND17,315 billion.
Meanwhile, foreign investors continue to sell strongly net nearly VND488 billion in the whole market. See more...
Breaking rumors of Son La plum prices falling miserably
In early June, information about Son La plums falling in price to only 3,000 - 5,000 VND/kg spread on social networks, causing many people to panic.
However, through verification from the authorities of Son La province and the local reality, Lao Dong Newspaper reporters found that this was just a false rumor, of an individual nature and did not accurately reflect the production and consumption of plums in Yen Chau - the plum capital of the province.
Ms. Le Thi Loan, a long-time plum grower in Phieng Khoai commune, Yen Chau district, said that her family has about 4 hectares of plums, with an output of more than 100 tons. Pines are classified according to size and quality, VIP type is sold at 70,000 - 80,000 VND/kg, normal type is 30,000 - 40,000 VND/kg, and the latest worst type is 10,000 VND/kg. See more...
