Gold price increases dramatically, silver price reaches 14-year peak
Gold prices hit a more than four-month high on September 1, as investors increasingly bet on the possibility of the US Federal Reserve (FED) cutting interest rates this month, increasing the appeal of the precious metal.
At the same time, silver surpassed $40/ounce for the first time in more than a decade.
Matt Simpson, senior analyst at City Index, said: Motely comments from San Francisco Fed President Mary Daly helped the market ignore the PCE core inflation data (Personally Spending Index) that rose on Friday and left open the possibility of the Fed cutting interest rates by 25 basis points this month.
A US appeal court has also ruled that most of the tariffs issued by US President Donald Trump are illegal, putting pressure on the USD and supporting gold prices. The data showed that the US PCE index increased by 0.2% monthly and 2.6% annually, as expected.
In a social media post on Friday, Daly stressed continuing to support interest rate cuts due to concerns about risks to the labor market. Gold is not profitable, so it often benefits in a low interest rate environment. See more...
Commodity market is bustling, supermarkets, traditional markets in Can Tho compete to stimulate demand during the holiday
Foreign investors take strong profits in the stock market
The Vietnamese stock market just had an impressive August.The VN-Index has increased by more than 600 points since the bottom of April, without any correction of more than 5%.
In addition to the VN-Index soaring to nearly reach 1,700 points, market liquidity also confirmed a record high month with many matched trading sessions over VND50,000 billion, even matched sessions of VND60,000 - 70,000 billion.
However, contrary to the active domestic capital flow, foreign investors' transactions have returned to the net selling trend, with the record largest number ever. In August 2025, foreign investors net sold more than 862 million units, with a total net selling value of more than VND 42,718 billion. See more...
Khanh Hoa requests not to delay business registration procedures
On September 1, Chairman of Khanh Hoa Provincial People's Committee Tran Quoc Nam signed a document directing departments, branches and localities to strengthen the settlement of business registration procedures in the area.
The goal is to ensure efficiency and on time, not to affect the production and business activities of people, businesses and cooperatives.
Accordingly, the Chairman of Khanh Hoa Provincial People's Committee requested departments, branches, sectors and People's Committees at the commune, ward and special zone levels to continue to strictly implement the settlement of administrative procedures related to business registration.
The handling process needs to be implemented synchronously and promptly, while proactively removing difficulties and obstacles or reporting and proposing to competent authorities for handling according to regulations. See more...
