Gold prices increase thanks to buying power from countries
Precious metals analysts at Heraeus said that although gold has not increased sharply since its peak in April, demand from central banks is still holding gold prices high, while cash flow into ETFs shows that investors expect silver prices to continue to increase. platinum, after a recent spike, may have hit a near-term peak.
In the latest updated report, experts said that central banks are still playing a solid role as a "support" for gold demand.
In May 2025, central banks net bought 20 tons of gold. Kazakhstan, Turkey and Poland are the leading countries in terms of purchases. Although the buying rate has slowed somewhat, the sentiment is still very optimistic 95% of central banks surveyed expect global gold reserves to continue to increase, and 43% plan to increase their own reserves, a record high.
This reflects a structural shift in reserve management, with a shift away from the US dollar and increasing the role of gold as a hedge against geopolitical risks and inflation, the report said. See more...
Electric vehicle business in Quang Tri faces difficulties
Yen suddenly hits two-week low
According to Lao Dong, on July 8, the Japanese Yen (JPY) continued to maintain a downward trend, fluctuating near a two-week low against the USD.
The main reason comes from concerns that US President Donald Trump's new tariff policy could further complicate the monetary policy normalization roadmap of the Bank of Japan (BoJ).
Recently, Mr. Trump announced his first letter on imposing higher tariffs on goods from many major economies, including a 25% tax on Japanese goods.
However, he also extended the new tax deadline to August 1, paving the way for further negotiations. See more...
Many types of fruit hit Ho Chi Minh City, surprisingly cheap
Recorded at traditional markets in Ho Chi Minh City, the amount of lychee fabric sold retail is 25,000-35,000 VND/kg, some places are 20,000 VND/kg, a sharp decrease compared to last year (60,000-70,000 VND/kg). Northampton frog is only 15,000-25,000 VND/kg, avocado 034 is priced at 20,000-25,000 VND/kg, orange is from 5,000-4.000 VND/kg.
Ms. Le Thanh Tuyet - a fruit seller near Nguyen Tri Phuong market said that this year there are many goods coming in, especially seaweed, durian, and rambutan.
"Every day I import about 300-400kg of seaweed from the unit market, selling for only 20,000-25,000 VND/kg but still selling slowly. Buyers like it but are afraid that they won't be able to eat it all, because every family now has fruit" - Ms. Tuyet shared. See more...
