Gold prices could rise sharply thanks to new policies from the US
According to Kitco, President Trump's aggressive trade policies have attracted great interest from investors, thanks to gold's strategic role in offsetting the impact of rising inflation.
Gary Wagner, a commodities broker and market analyst, told Kitco that Trump’s initial policy actions were characterized by a series of bold executive orders, including proposed tariffs, immigration reform and withdrawals from international agreements. These actions had a ripple effect in financial markets, especially in how investors viewed inflation hedges and safe-haven assets.
The proposed tariff strategy is a key driver that could boost gold prices. Mr. Trump has proposed imposing tariffs of about 25% on Canada and Mexico, and 10% on imports from China, starting February 1.
Deutsche Bank estimates that these tariffs could push inflation from 2.9% in December to 3.7% by the end of 2025, raising total inflation by 1.2%.
Goldman Sachs analysts predict that this inflationary pressure could significantly boost investment demand for gold. As import costs rise and consumer prices climb, investors are likely to allocate more capital to gold as a financial hedge.
Jim Wyckoff, senior analyst at Kitco, believes gold prices could set a new record high next week.
“The charts are very positive and risk aversion is becoming more evident as the market awaits action from the Trump administration,” said Jim Wyckoff. See more...
Kumquat and apricot trees are unsold, traders are worried and can't sleep.
Z121 fireworks prices are chaotic on the 27th of Tet, traders are holding their goods and waiting for luck
As Lunar New Year approaches, the Z121 fireworks market on the online market has become hotter than ever. Fireworks such as the 25-tube flashing pellet sprayer, listed at 330,000 VND/set, are currently being sold commonly at 400,000 - 500,000 VND/set.
A seller in Hanoi revealed: "I have had more than 50 boxes of firecrackers since the beginning of the month, now I only have 20 boxes left. But I am keeping them because I hope that on the 29th of Tet the price will increase."
According to Lao Dong, in just one week before Tet, the price of the 2024 flashing pellet spraying rig increased from 400,000 VND to 420,000 VND/rig. High-end products such as the 75 VIP Rig and the 100 VIP Rig also continuously increased in price, from 1,350,000 VND and 1,750,000 VND/rig to 1,400,000 VND and 1,800,000 VND/rig, respectively.
Mr. Tran Ngoc Ha - a customer in Hoang Mai district (Hanoi) - shared: "I had to search all day on Facebook groups. Even though the price was high, I still ordered 5 flashing pellet sprayers because I was afraid that if I left it for a long time, it would be out of stock."
On the contrary, many sellers are "playing their cards face down" by holding onto their goods and waiting for an opportunity. A firecracker seller in Hai Phong said: "I'm holding back some goods to wait for New Year's Eve, when demand increases sharply, the price will definitely be even higher." See more...
Foreign investors are still net sellers on the stock market.
Entering January 2025, the Vietnamese stock market did not trade very successfully when the VN-Index mainly fluctuated within a narrow range and ended the month with almost no change. In the context of sharply reduced liquidity, in addition to the gloomy general market situation, foreign investors' transactions also decreased sharply compared to the same period last year, while continuing to sell strongly compared to the same period of net buying.
In January 2025, foreign investors continued to net sell 164 million units with a total net selling value of approximately VND 6,580 billion. On the HOSE floor alone, foreign investors net sold more than 115 million units, with a total net selling value of more than VND 6,320 billion, of which the biggest session on January 16 saw a net sale of 86.3 million units, worth approximately VND 3,107 billion.
Looking back at the whole year of 2024, in the context of interest rate differentials and no market upgrade, the stock market witnessed foreign investors net selling more than 3.5 billion USD in 2024.
According to analysts, the interest rate difference between USD and VND, monetary policy, high exchange rate... have significantly impacted foreign investors' actions in the past year. See more...
