Gold prices increase sharply, many people continue to hunt for gold rings
Recorded by Lao Dong reporter on February 19, the domestic prices of plain round gold rings and gold bars increased simultaneously. In Hanoi, many people are still flocking to gold shops to buy gold rings.
On Tran Nhan Tong Street (Hanoi), Ms. Nguyen Thu Ha (Dong Da District) said that many times she came to wait in line but could not buy gold rings because the shop was often out of stock.
"The store has not announced the opening time for plain round gold rings, so I am still waiting" - Ms. Ha said.
Similarly, Mr. Nguyen Van Thai (Hoan Kiem district, Hanoi) also said that buying gold rings at this time is very difficult.
"It's past opening time but I still haven't seen them sell gold rings. Meanwhile, those who want to sell gold can enter and trade immediately, without having to queue" - Mr. Thai said. See more...
National pig prices continue to increase
According to records on February 19, the price of live pigs nationwide continues to increase sharply. The North recorded an average price of live pigs in the region of 71,100 VND/kg. Some provinces and cities have the same price of live pigs at 72,000 VND/kg such as Hanoi, Bac Giang, Hai Duong, Hung Yen...
In the Central and Central Highlands pig market, pig prices have increased in most provinces and cities. Many provinces have adjusted the price of live pigs to increase by 71,000 VND/kg such as: Quang Binh, Quang Nam, Quang Ngai... The average price of live pigs in the region has increased to 71,400 VND/kg. See more...
Forecast of strong growth in many real estate segments
Yen returns to increase thanks to confidence in BoJ
On February 19, the Japanese Yen (JPY) continued to rise steadily while the USD weakened. Investors are betting on the possibility that the Bank of Japan (BoJ) will continue to raise interest rates in the context of high inflation in Japan.
This not only helps the JPY regain its position but also attracts cash flow, especially as the interest rate gap between Japan and other countries is narrowing.
Factors that pushed the Japanese Yen up:
- BoJ signals interest rate hike: Governor Kazuo Ueda and Deputy Governor Himino said they are ready to adjust interest rates if the economy and prices are in line with forecasts. BoJ member Hajime Takata also stressed the need to gradually change policy to avoid the risk of inflation.
- Japan's GDP is improving: The recently released fourth quarter economic growth data shows that Japan continues to recover strongly, further strengthening expectations for the BoJ to tighten monetary policy.
- Japan's bond yields soar: Japan's 10-year government bonds have hit their highest level since 2010, becoming the main driver supporting the JPY. See more...
