Gold price towards 3,400 USD/ounce
World gold prices had a strong breakthrough last weekend and soared towards the key resistance level of $3,400/ounce, in the context of weak US labor data raising hopes that the US Federal Reserve (FED) will cut interest rates in September.
Lukman Otunuga - Senior Market Strategist at FXTM - commented that buyers are increasing the pressure when the threshold of 3,400 USD/ounce is less than 2%. At the end of last week, gold prices remained stable at 3,330 USD/ounce, opening the possibility of continuing to break out to 3,400 USD/ounce.
Gold was under strong selling pressure last Wednesday after the Fed kept interest rates unchanged and Chairman Jerome Powell left open the possibility of a cut in September. We have not made a decision for September, Powell said at a press conference after the policy announcement. See more...
Developing the space of the new Dong Thap province from the strength of agriculture
Forecast of gasoline price increase in the next operating session
According to analysts, the impact of the new higher tariffs could limit economic activity and reduce growth in global fuel demand.
The Ministry of Industry and Trade said that the world petroleum market last week (from July 24, 2025 to July 30, 2025) was affected by main factors such as: Information on the US-EU framework trade agreement; increased US crude oil inventories; The military conflict between Russia and Ukraine continues... The above factors have caused world petroleum prices in recent days to fluctuate depending on each commodity.
Regarding the domestic market, according to a representative of a petroleum business, petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, retail prices of gasoline may increase. See more...
Lam Dong establishes a Working Group on communes, removes obstacles to land prices and project site to promote capital disbursement
On August 3, the Lam Dong Provincial Department of Finance said that in order to speed up the disbursement of public investment capital and remove difficulties and obstacles for investment projects in the province, the Provincial People's Committee has assigned specific tasks to sectors and units.
One of the key solutions is to perfect the apparatus of the Project Management Boards. The Department of Home Affairs is assigned to preside over and coordinate with relevant units to promptly complete this work.
The province also requested investors and localities and related units to urgently review and evaluate the disbursement capacity of each project. Projects without actual disbursement volume will be proposed to be cut, and capital will be transferred to projects with urgent needs, especially key projects. See more...
