Gold price breaks peak, what will happen after the 3,000 USD/ounce mark
The gold market has just had an explosive week as prices set a new record, marking a series of consecutive increases for eight weeks. With this increase, analysts said that it is only a matter of time before prices reach the $3,000/ounce mark.
Neils Christensen - an analyst at Kitco News raised the question: "The question is, what will happen next? The $3,000/ounce level has become an important psychological threshold, meaning that prices may face strong resistance when investors take profits.
The gold market has had a rally that has lasted for more than a year, easily overcoming resistance levels. However, if we look back at history, we can see similar strong price increases". See more...
The prolonged congestion in land valuation causes real estate prices to increase
Kon Tum expands Arabica coffee area for export
On February 23, Mr. Nguyen Huu Thap - Vice Chairman of Kon Tum Provincial People's Committee issued an official dispatch requesting the Department of Agriculture and Rural Development, Tu Mo Rong district, Dak Glei, Kon Plong to promote the expansion of tea coffee growing areas.
Currently, agricultural product prices are increasing, fresh coffee prices range from 23,000 - 29,000 VND/kg. Meanwhile, the price of sweet coffee, due to its small quantity, is favored by the market, exported to Europe, the US, and Japan, so the value is double.
The delicious taste of sweet coffee and low caffeine content make sweet coffee the most valuable coffee in the production of coffee bean products.
In the Central Highlands, in addition to the limited area of tea coffee grown in Lam Dong province, Kon Tum highland districts have suitable soil and climate to develop this plant. See more...
Yen breaks out, reaches peak in 2 months
Last week, the Japanese Yen (JPY) witnessed a strong increase in price, thanks to increasingly high expectations that the Bank of Japan (BoJ) will continue to tighten monetary policy. The recovery of the Japanese economy, along with the weakening of the USD, has boosted the JPY's strength in the foreign exchange market.
Earlier this week, the Yen began an upward trend as Japan's Q4 GDP data exceeded expectations, reaching an annual growth rate of 2.8%. This further strengthens the possibility that the BoJ may raise interest rates to control inflation. In addition, Japanese government bond yields (JGB) rose to their highest level since 2010, narrowing the interest rate gap with the US and increasing the attractiveness of the Yen.
Although the Yen has been pressured by optimistic market sentiment and rising US bond yields in some sessions, overall, the JPY has maintained its upward momentum thanks to strong signals from Japan's monetary policy. See more...
