Central banks are rushing to net buy, gold prices could reach $4,000/ounce
According to Mr. Joseph Cavatoni - senior market strategist at the World Gold Council (WGC), demand for gold is returning strongly in 2025 as both central banks and investors increase their purchases, in the context of the US facing fiscal tensions, uncertainties and growing skepticism about traditional financial assets.
The picture of gold investment is becoming clearer and stronger. We are seeing the US public debt level not being sustainable and even though the current administration is trying to handle it, it will be a challenging process, Cavatoni said in an interview with Kitco News.
He said that Moody's downgrading of US credit should be considered a warning. This is the third rating agency to do so. This means that assets priced in USD as well as the greenback itself are under pressure and carry long-term risks. See more...
Those who spread fake eggs must be responsible before the law
Yen continues to attract safe-haven cash flow strongly
According to Lao Dong on May 22, the Japanese Yen (JPY) continued to increase, after Japan announced data on core machinery orders increasing by 13% in March - the highest level in nearly 20 years and in complete contrast to the forecast of a decrease of 1.6%.
This positive result reinforces expectations that the Bank of Japan (BoJ) will continue its interest rate hike roadmap this year.
According to FXstreet, besides domestic economic factors, the increasing safe asset demand in the context of the instability world also supports JPY. Tensions between the United States and China escalated after Washington warned that companies should not use Huawei AI's AI ascend chip, causing Beijing to accuse the US violating the Geneva trade agreement. Meanwhile, the war situation in Ukraine and Gaza continued to be complicated, contributing to increasing psychology of concerns about global risks. See more ...
Ho Chi Minh City Market Management takes action to verify the case of TikToker Vo Ha Linh being accused of being sold at a loss
On the afternoon of May 22, at a regular socio-economic press conference, the leaders of the Ho Chi Minh City Market Management Department informed about the case of TikToker Vo Ha Linh (real name Vo Thi Ha Linh) - who was accused of showing signs of unusually deep price reduction during livestream sales, selling significantly lower than market prices, even lower than the listed prices of genuine manufacturers or distributors.
According to the information search results, TikToker Vo Ha Linh is the legal representative of Ha Linh Official Trading and Service Joint Stock Company. This company has headquarters in Nghe An and branches in Thu Duc City, Ho Chi Minh City.
The Ho Chi Minh City Market Management Department said that it has directed the Market Management Teams to conduct an inspection and verification of the business activities of this company's branch in Ho Chi Minh City.
The case is currently in the verification stage, so there is not enough basis to provide official information. See more...
