24h Economy: Gold prices increase sharply, people continue to buy

Phương Anh |

Gold ring prices skyrocket, Ho Chi Minh City residents are looking to buy; Raw shrimp prices increase; Yen still has room for price increase... are notable economic news in the past 24 hours.

Gold ring prices skyrocket, HCMC residents seek to buy

Recorded by Lao Dong on January 4 at major gold stores in Ho Chi Minh City, the number of customers coming to trade increased sharply compared to previous days. Some stores have announced that they are out of gold rings for sale. These stores still buy normally, there is no phenomenon of customers not buying gold.

Gia vang nhan tang cao, nguoi dan van do xo mua vao. Anh: Ha May
The price of gold rings has increased, but people are still rushing to buy. Photo: Ha May

At a large gold shop on 3/2 Street (District 10), Ms. Thanh Phuong tried to buy 2 taels of gold rings but was informed by staff that the whole system was out of stock and did not know when there would be a return.

On Than Tai day, I bought 1 tael of gold rings at this store because the staff had previously informed me that the seller had made a profit so there was a deal. However, just a short time later, I stopped to buy but the products were out of stock until today" - Ms. Phuong shared. See more...

Raw shrimp prices increase, farmers in Bac Lieu have run out of shrimp

The price of raw shrimp purchased by traders in Bac Lieu (white-leg shrimp, hemp shrimp) increased by 5,000 - 10,000 VND/kg. Antibiotic-proof shrimp and pond shrimp with 30 shrimp/kg are purchased by traders at prices ranging from 185,000 - 188,000 VND/kg; type 40 shrimp/kg costs 145,000 VND; type 90 shrimp/kg costs 98,000 VND... With this price, after deducting expenses, shrimp farmers make quite a profit.

Tom nguyen lieu tang gia, trong khi hau het nguoi nuoi tai Bac Lieu khong con tom. Anh: Nhat Ho
Raw shrimp prices have increased, while most farmers in Bac Lieu no longer have shrimp. Photo: Nhat Ho

According to forecasts from companies and associations for seafood processing and export, the market is showing quite positive signs of recovery. However, currently, shrimp farmers in Bac Lieu are almost out of shrimp. This is the time to renovate ponds to prepare for the new shrimp crop, so prices have increased. See more...

Yen still has room to increase

On March 4, the Japanese Yen (JPY) still maintained a positive trend despite the domestic economic data not being very positive. The unemployment rate in Japan unexpectedly increased to 2.5%, while corporate spending decreased for the first time in three years.

Dong Yen giu xu huong tich cuc. Anh: Phuong Anh
The Yen remains in a positive trend. Photo: Phuong Anh

However, expectations that the Bank of Japan (BoJ) will raise interest rates early, along with market risk concerns, continue to support the JPY - a safe-haven asset. See more...

Pork prices continue to increase sharply nationwide

On March 4, in the North, the price of live pigs reached 76,000 VND/kg in the provinces of Thai Nguyen, Hung Yen, Hai Duong and Thai Binh. The average price of live pigs in the region is 74,600 VND/kg.

Gia lon tren toan quoc tiep tuc co xu huong tang cao. Anh minh hoa: Phuong Anh
Pork prices nationwide continue to increase. Illustrative photo: Phuong Anh

In the Central - Central Highlands region, the price of live pigs increased by 1,000 VND/kg in Quang Binh, Hue, DakLak... Other localities in the region maintained the purchase price from 73,000 - 80,000 VND/kg.

In the Southern market, the price of live pigs is quite stable, purchasing at a high level of around 78,000 - 81,000 VND/kg. See more...

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Updated gold price at the end of session 4.3: Breakthrough after a series of declines

Phan Anh (Theo Kitco) |

Updated gold price at the end of session 4.3: Some domestic business units adjusted the price up to 1.7 million VND/tael.

Gold price skyrockets to 1.7 million VND/tael

Phan Anh |

After many sessions of decline, the gold price increase has returned. SJC gold bars increased to 1.7 million VND/tael in today's trading session (March 4).

24h Economy: Many people rush to buy despite high gold prices

Phương Anh |

Gold prices increase, many people rush to buy; The flower and gift market is bustling before March 8; The Yen continues to increase... are notable economic news in the past 24 hours.