Breakthrough gold price, possibly reaching 4,000 USD in the next 12 months
Spot gold price has continuously set a new record, exceeding the threshold of 2,880 USD/ounce this week, closer to the important milestone of 3,000 USD/ounce.
Veteran Fund Manager Adrian Day - CEO of Adrian Day Asset Management - said that this is only the beginning. "I will not be surprised if the gold price reaches 3,500 - 4,000 USD/ounce in the next 12 months," he told Kitco News.
“Gold is increasing even when the dollar is strong. When the green is weakened, we can witness a stronger breakthrough ” - the expert said.
According to the latest report from the World Gold Council (WGC), global demand for gold reached a record of 4,974 tons in 2024, marking the third consecutive year that central banks bought in more than 1,000 tons.
The countries that buy the most gold include China, Poland and Türkiye, in the context that these countries want to diversify reserves from the dollar due to concerns about economic and geopolitical risks. See more ...
Flower market, Valentine's gifts started exciting
Temu still waiting for permission, customers have not received enough refunds
At the end of 2024, under the request of the Vietnamese authorities, Temu was forced to close the Vietnamese version, temporarily suspend operations to wait for permission. Temu's sudden appearance and then sudden suspension made many customers worried after paying for products on this platform but had not yet received the goods.
After locking the Vietnamese version, Temu issued an English announcement that this e-commerce platform is carrying out registration procedures with the Department of E-commerce and Digital Economy, Ministry of Industry and Trade to operate in Vietnam, without stating the completion date.
According to a survey by Lao Dong, as of the morning of February 8, the Vietnamese version of the Temu e-commerce platform has not yet resumed operations.
According to Mr. Hoang Ninh - Deputy Director of the Department of E -Commerce and Digital Economy, Temu is still in the waiting time for licensing operations in Vietnam. The management unit of this platform has provided documents to the authorities but must wait for the authorities to evaluate the conditions before approval. See more ...
Coffee prices fluctuate in opposite directions
On February 8, the domestic coffee market maintained a slight increase in the previous trading session, an average increase of 100 VND/kg per session, the purchase price fluctuated between 129,500 - 130,500 VND/kg. The average coffee purchase price in the Central Highlands provinces is 130,500 VND/kg.
Lam Dong is still the province with the lowest coffee purchase price in the Central Highlands region, the difference with the average price is about 900 VND/kg. Compared to the previous session, the price of coffee in this area stood still, bringing to the market for 129,500 VND/kg.
Meanwhile, on the two exchanges of London and New York, the online coffee market turned slightly at all terms. See more ...
