Gold prices continue to fluctuate, Ho Chi Minh City gold shops are bustling with customers
According to Lao Dong on February 13, at major gold stores in Ho Chi Minh City, the number of customers coming to transact is bustling. Many customers saw the price of gold increase again so they took profits.
"I chose gold as an investment channel, so when I see a safe price, I will sell it. When I bought it in early November 2024, it was priced at 84.8 million VND/tael. Currently, selling is profitable" - Mr. Tran Anh Hoang (living in Thu Duc City) said.
At Mi Hong store (Binh Thanh district), the purchasing area is also crowded with customers. Customers sell gold from a few to a few taels of gold. Gold bar and gold ring products, the store also prepares to sell quite abundantly, from 0.5 to only 1 quantity but the number of purchases is quite small.
Representatives of many gold shops in Ho Chi Minh City also confirmed that on February 13, selling pressure still overwhelmed buying pressure. See more...
Unique Valentine's double gift suddenly causes a stir in Ho Chi Minh City
Yen breaks out strongly
The Japanese Yen (JPY) continued its upward momentum in the trading session on February 13, pulling the USD/JPY pair below 154.00. The main reason comes from Japan's stronger-than-expected Producer Price Index (PPI) data, reinforcing expectations that the Bank of Japan (BoJ) will continue to raise interest rates. In addition, falling US Treasury yields also create more momentum for the JPY - a currency with lower yields.
However, not all are favorable for the Yen. Concerns about the impact of steel and aluminum import taxes proposed by former US President Donald Trump, along with the possibility of retaliation from other countries, could affect the Japanese economy.
At the same time, the US Federal Reserve (Fed) maintaining a tough monetary policy stance, especially after higher-than-expected US inflation data, could help the USD limit further declines. This makes investors need to consider carefully before betting on a strong weakening of USD/JPY. See more...
Coffee prices increase sharply, reaching a historic milestone
The domestic coffee market on February 13 continued to record a strong increase. Coconut coffee prices in the Central Highlands and key regions range from 132,000 - 133,000 VND/kg, an increase of 2,000 - 2,200 VND/kg compared to yesterday.
Dak Lak, Dak Nong: 133,000 VND/kg (+2,200 VND/kg)
Lam Dong: 132,000 VND/kg (+2,200 VND/kg)
Gia Lai: 132,800 VND/kg (+2,000 VND/kg)
According to the Vietnam Coffee - Cocoa Association (VICOFA), Vietnam's coffee export output in January 2025 reached 149,202 tons, down 28.1% over the same period last year. The shortage of supply has prompted domestic coffee prices to continuously increase sharply in recent times. See more...
