Gold price skyrockets, approaching the threshold of 3,500 USD/ounce
Michele Schneider - Strategy Director of Market Gauge said that the gold buying signal was activated after the "harmony" speech of the Chairman of the US Federal Reserve (FED) - Mr. Jerome Powell at the annual conference in Jackson Hole.
Mr. Powell acknowledged that the change in the risk balance in the economy could lead to a policy adjustment, and expressed little concern about dragging inflation back to 2%, focusing more on slowing growth and a weakening labor market.
Data released by the US Commerce Department shows that the core personal consumption expenditure (PCE) price index - the FED's preferred inflation measure - increased by 2.9% over the past 12 months, as expected. Despite rising inflation, the market is almost certain that the Fed will cut interest rates in September.
Chris Zaccarelli - Investment Director of Northlight Asset Management commented that as long as the PPI and CPI report in early September did not suddenly increase, the FED would almost certainly cut by 0.25 percentage points.
Phillip Streible - Chief Strategist at Blue Line Futures predicts gold prices will continue to increase in the short term, but need to close above 3,500 USD/ounce to confirm the trend. See more...
Gia Lai business household fined VND145 million for trading in counterfeit goods
On August 30, the Gia Lai Provincial Market Management Department said it had just discovered a business establishment in violation, including goods of unknown origin, smuggled goods and counterfeit goods.
On August 14 and 15, 2025, the Market Management Department organized a surprise inspection of the business household S.S.S in Quy Nhon ward, Gia Lai province.
The inspection results showed that this facility is trading in 889 violating products, including: goods of unknown origin, smuggled goods and counterfeit goods of famous brands such as Adidas, Nike, Hermes, YSL, New Balance, MLB, with a total value of nearly 269 million VND. See more...
Hundreds of container trucks loaded with durian in Dak Lak for export
Deep promotions attract customers during the September 2 holiday, Ho Chi Minh City residents take advantage of hunting for discounted goods
At Vincom Mega Mall Thao Dien, hundreds of customers flock to shop for discounted branded goods - City sale. The atmosphere became exciting when many brands launched discounts of up to 80% for some items.
Ms. Van Anh (residing in Bien Hoa City, Dong Nai) said she spent more than 2 million VND to buy cosmetics. "Although I can buy satisfactory goods, I see an 80% discount table here, making many people think that all products are discounted by 80%. In fact, big brands are offering fewer promotions, she said.
According to records, many fashion, cosmetics, accessories, and household appliance brands offer discounts ranging from 30-80%. The cosmetics and fashion stalls are always crowded with customers, many products quickly run out of size and models just a few hours after opening.
Not only at Vincom Mega Mall Thao Dien, many other supermarket and shopping center systems in Ho Chi Minh City have also simultaneously launched a major incentive program, extending throughout the holiday to stimulate consumption. See more...
