The price of gold breaks the new peak, what is happening in the market
The price of gold has just passed through a strong volatile week with a transaction amplitude of up to 70 USD. Information about the US proposing import tax on Canada and Mexico has caused shock in the financial market.
These developments have increased rumors about the direction of the US Federal Reserve (Fed) in the context of the new government just inaugurated. After suspending the cutting interest rate last month and accepting the "waiting and reviewing" policy, the Fed may experience many probability in the process of monetary policy management.
The US bond market warned that the impose of taxes on the main trading partners could increase inflation and slowly pull the economic growth momentum. When the import price is higher, the risk of inflation will increase, leading to the risk of stagflation (high inflation and slow growth). In this context, the Fed can maintain the current interest rate or under pressure to reduce interest rates many times this year.
The fact that central banks continue to diversify gold reserves will be an important factor for gold and silver prices. Individual investors and techno funds are increasing the holding of gold as a measure of economic growth and labor market decline. See more ...
Consider the time of investing in Hoai Duc land to close large profits
The price of hog nationwide increases
As noted, today on 10.2, the price of live hogs nationwide increased. The North records the average region increased by 70,600 VND/kg. In particular, the price of live pigs in many provinces and cities increased by VND 1,000/kg to VND 71,000/kg such as Phu Tho, Thai Nguyen, Tuyen Quang, Vinh Phuc ...
Some provinces and cities have the same hog price of 70,000 VND/kg such as Yen Bai, Hai Duong, Hung Yen ...
The central and Central Highlands hog market, the price of live hog increased by VND 1,000 - 2,000/kg simultaneously. The price ranges from 68,000 to 72,000 VND/kg. See more ...
The yen fluctuated strongly between interest rates, taxes
According to FXStreet, on October 10, the Japanese Yen (JPY) depreciated due to concerns that Japan could become the target of trade tariffs from US President Donald Trump. At the same time, the slight increase of the dollar also helps the USD/JPY pair to maintain a rise around 152.00.
However, JPY can hardly decrease further, because there are more and more expectations that the Central Bank of Japan (BOJ) will continue to raise interest rates this year.
In addition, the Japanese government bond yield (JGB) increases higher, helping to narrow the interest rate gap between Japan and the US, which can limit the reduction of the yen. When there is no important economic data from the United States, investors are still waiting for a clearer signal before confirming whether USD/JPY will continue to increase.
US President Donald Trump has just announced that he will impose a 25% tax on steel and aluminum imported into the US, and can impose taxes on countries with trade policies that he thinks are unfair.
Concerns that these protection policies can increase inflation, along with strong US employment data last week, can cause the US Federal Reserve (Fed) to keep interest rates. This helps the dollar to maintain strength. See more ...
