Gold prices receive support from just released US economic data
Gold prices are trading at a high level after the latest data on US housing showed a mixed picture last month.
The US Commerce Department said Tuesday that the number of homes under construction fell 9.8% in January, to a seasonally adjusted rate of 1.366 million units/year. This data was worse than expected as economists expected a slight decrease of -9.0% to 1.400 million units. In December, this figure was 1.515 million units.
For the year, housing construction activities decreased by 0.7% compared to 1.376 million units in January 2024.
The report also shows that the number of construction permits - indicators for future house construction activities - increased by 0.1% to 1.483 million units in the previous month, higher than the forecast of 1.460 million units. The figure for December was 1.482 million units. Compared to the same period last year, the number of construction permits has decreased by 1.7% compared to 1.508 million units in January 2024.
According to Ernest Hoffman - market analyst of Kitco News, the gold market has increased after the housing data was released. The last spot gold price was recorded at 2,940.58 USD/ounce, up 0.18% on the day and not far from the highest in the session at 2,947.08 USD/ounce. See more...
Nhat Tan kumquat growers busy starting the new crop
After Tet, garden owners in Nhat Tan (Tay Ho, Hanoi) started collecting kumquat trees that were abandoned or sent back by customers.
The tree is brought to the garden, pruning, and special care to restore the root and leaves, preparing for a new growth cycle.
Mr. Bui Van Thanh, a kumquat farmer in Nhat Tan (Tay Ho) shared: "Every year, we collect hundreds of kumquat trees from all over. The process of reviving trees is very difficult, but it also brings joy when seeing good trees return, preparing for next year's Tet season''.
According to farmers, after Tet is the time when the thuong trees bloom, so most gardeners take advantage of collecting and taking care of kumquat trees to grow and develop. See more...
Answering questions about income conditions for purchasing social housing
Coffee prices increase simultaneously, the market is in trouble
On February 20, the domestic coffee market continued to increase with an adjustment of 800 - 1,400 VND/kg compared to the previous session.
Dak Lak, Gia Lai: 133,300 VND/kg (+800 VND/kg)
Lam Dong: 132,200 VND/kg (+1,400 VND/kg)
Dak Nong: 133,500 VND/kg (+1,000 VND/kg)
This is the second consecutive increase after many sessions of downward adjustment, reflecting the vibrant developments of the market. Compared to the beginning of the month, domestic coffee prices have increased by over VND5,000/kg, pushing prices closer to a historical peak. See more...
