Gold price at high level, ETF investment demand increases
Although market sentiment is changing a bit, investors are not willing to sell off gold. Many people understand the factors driving this price increase, and they will not change in the coming time.
Central banks will continue to buy gold and reduce their dependence on the US dollar, while global investors will continue to view gold as a safe haven asset in a world facing economic uncertainty and rising inflationary pressures.
Neils Christensen - an analyst at Kitco News - commented: "This week, I want to focus on investors' demand for gold-based investments. As I mentioned last week, this market has not been very active yet, and now we are starting to see a strong flow of money."
"We expect ETFs to be the main driver of investment demand for the rest of the year," George Milling-Stanley said in an interview with Kitco News on Friday. See more...
The price of live pigs is high, traders also face difficulties
Domestic cash flow continues to be a mainstay for stocks
After 8 consecutive weeks of increase, VN-Index has shown signs of adjustment with a slight decrease last week along with a significant decrease in liquidity compared to the previous week. This is a sign that the market may be entering a consolidation or recovery phase after a long growth streak. Investors who evaluate falling liquidity often reflect investors' cautious psychology, whether due to increased profit-taking pressure or the lack of new motivation to push the index higher.
Domestic personal cash flow is playing a role in boosting market growth. Although the market's largest pillar is the banking group, which is still in an adjustment trend, the VN-Index has had 3 consecutive sessions on the MA20 support line - equivalent to 1,319 points. That shows that the sentiment of Vietnamese investors is still quite optimistic even though the VN-Index has entered a difficult trading zone in the past two weeks.
However, investors also need to be cautious with the macroeconomic context not being too favorable, when the State Bank has just increased the USD selling price to a record level of VND 26,003/USD. See more...
Coffee prices increase on trading floors
At the end of the trading session of the weekend, the domestic coffee market increased by VND1,100-2,000/kg compared to the previous trading session. Currently, coffee prices are listed in the following areas:
Dak Nong: 134,000 VND/kg.
Dak Lak, Gia Lai: 133,900 VND/kg.
Lam Dong: 132,900 VND/kg.
After a sharp decrease of 1,500 VND/kg last week, coffee products have regained momentum, helping people feel excited and focus on investing in the harvest.
On the London Stock Exchange, Robusta prices reversed and increased sharply compared to the closing price of last week's session:
January term: Increased by 118 USD/ton, anchored at 5,515 USD/ton.
January term: Increased by 127 USD/ton, anchored at 5,504 USD/ton. See more...
