Gold prices continue to fall but not to the worrying level
Gold prices have continued to fall sharply in recent trading sessions and reached a two-week low on the night of July 28. However, concerns about global trade and public debt are still flowing into safe-haven assets, helping gold consolidate its position as a safe haven against risks.
A survey by an international news agency with 40 analysts and traders recorded the forecast of a gold price center rate of 3,220 USD/ounce this year, up from 3,065 USD/ounce in the survey three months ago. The forecast for 2026 also increased to 3,400 USD/ounce from the previous 3,000 USD/ounce.
Spot gold prices have risen 27% since the beginning of the year, after setting a record of $3,500/ounce in April as the US and China entered a full-scale trade war, boosting a wave of safe-haven purchases.
The first 6 months of 2025 have proven something that many of us have long believed in. Gold is not just a hedge. It is a signal - David Russell at GoldCore commented, adding that the price of $4,000/ounce by the end of 2026 is completely feasible if concerns about the US fiscal situation continue to increase. See more...
HCMC strengthens control of safe food chains from raw material areas
High sales caused stocks to lose the 1,500-point mark
After a series of sublime days and setting a historic peak, the stock exchange on July 29th sank red under strong selling pressure. Towards the end of the session, strong selling pressure poured down on the electricity board, causing red to almost take over the entire electricity board. At the end of the session, the VN Index "evaporated" 64 points, equivalent to 4.11%, down to 1,493.4 points.
However, the selling pressure helped liquidity set a record of unprecedented with nearly 2.8 billion shares matched, equivalent to a trading value of VND 71,241 billion. In the whole market, the total trading value on July 29 was up to VND 80,000 billion, equivalent to USD 3 billion. See more...
Transfer 4 public service units to the Management Board of Can Tho Export Processing and Industrial Zones
Can Tho City People's Committee has just issued Decision No. 680/QD-UBND on transferring public service units under the Management Board of Export Processing and Industrial Zones (MPZs) of Can Tho (old), the Management Board of Industrial Parks of Hau Giang province, and the Management Board of Industrial Parks of Soc Trang province to the Management Board ofMPZs andMPZs of Can Tho.
Accordingly, 4 public service units will be transferred from the old Can Tho Industrial Parks and Industrial Parks Management Board, Hau Giang Industrial Parks Management Board, and Soc Trang Industrial Parks Management Board to the Can Tho Industrial Parks and Industrial Parks Management Board, including: Thot Not Industrial Park Infrastructure Construction Center; Can Tho City Consulting Service Center; Hau Giang Industrial Park Infrastructure Development Company; Soc Trang Industrial Park Infrastructure and Service Center. See more...
