Gold price may break record, silver is about to break out
Tavi Costa - macro strategist, partner of Crescat Capital, commented at the 2025 PDAC Conference in Toronto that the rare convergence of gold demand from the East and West is pushing gold prices up, while silver is expected to have a strong increase to return to an all-time high.
He believes that history may be repeating itself and a re-evaluation of gold is entirely possible. According to Costa, if we consider historical data, gold prices could increase to unprecedented levels if the US re-evaluates its gold reserves against the amount of government bonds in circulation.
Currently, the amount of US government bonds in circulation is about 36 trillion USD, while the value of the country's gold reserves only accounts for about 2% of that figure. For comparison, in the 1970s, this rate was 17%, but in the 1940s, this number was up to 40%.
"If the US returns this rate to 17%, gold prices could reach $25,000/ounce. If it returns to 40%, gold could reach 55,000 USD/ounce" - Costa analyzed. See more...
Durian prices plummet and farmers' profit problems
VN-Index towards strong resistance zone of 1,340-1,360 points
The Vietnamese stock market has just had an exciting trading week when the VN-Index increased by 20.69 points, equivalent to 1.6%, closing the weekend session at 1,326.05 points. This increase marks a strong breakthrough in the market after a period of tensions in the first sessions of the week.
According to Mr. Dinh Quang Hinh - Head of Macro and Market Strategy, VNDIRECT Securities Joint Stock Company - the stock market was under pressure to take profits in the first three sessions of the week when investor sentiment was affected by mixed developments from the international market.
"The US decisions to impose tariffs on Mexico, Canada and China have created a cautious mentality, causing the increase of the VN-Index to stagnate. However, the market has broken out strongly in the last two sessions of the week thanks to positive support information from the country" - Mr. Hinh assessed. See more...
Cheap poultry eggs are everywhere in Ho Chi Minh City
Visiting to buy eggs at a truck on Pham Van Dong Street (Thu Duc City), Ms. Dang Le Thanh said that in recent days, she has seen many places selling eggs at cheap prices, so she bought them to eat.
"Eggs are an essential food, so when I saw the cheap price, I took the opportunity to buy more to gradually use. Here, there are types that are only 15,000 VND/serving (10 eggs)" - Ms. Thanh said.
However, some consumers also expressed concern about the quality of cheap eggs.
Mr. Pham Van Hoang - a customer buying eggs at Ba Chieu market - said: "I see many egg stalls at much cheaper prices than in supermarkets, some places are still packaged in plastic boxes but I am still worried about the un guaranteed origin. I still prioritize buying at more reputable stores".
According to Lao Dong, at many traditional markets such as Nguyen Tri Phuong (District 10), Thiec Market (District 11), Ban Co (District 3), stalls selling chicken and duck eggs also have a price list of only 20,000-30,000 VND/box (10 eggs). See more...
