World gold price is likely to break out, but investors need to be cautious
Lukman Otunuga - senior analyst at FXTM - said that if the US Federal Reserve (FED) cuts interest rates by 50 basis points next week, gold prices could easily surpass $3,700/ounce. However, he advised investors to be cautious.
Since the market is expected to cut 25 basis points, the important thing is the updated dot plot chart, deciding whether gold will continue to increase or adjust. The market is expecting a total decrease of 50 basis points after September. Dot plots need to be suitable or higher to keep gold prices stable.
Any lower level can trigger a technical adjustment. Technically, if gold closes above $3,650 an ounce, prices could retest $3,675 and $3,700 an ounce. Conversely, if prices close below $3,650/ounce, prices could fall to $3,600 and $3,570/ounce, the expert said. See more...
Quang Tri tourism revenue reached over VND8,000 billion in 8 months
Bank stocks drop sharply, stocks adjust
In the last trading week from September 8-12, the market had 2 good recovery sessions at the price range near the 1,600-point threshold, with low demand increasing and rotating quite well. At the end of the week, the VN-Index increased slightly by +0.02% to 1,667.26 points, holding psychological support of 1,600 points.
While VN30 ended the week well up +1.08% to 1,865.45 points, heading towards the old peak price around 1,880 points.
Regarding the trading value of foreign investors, this group of investors continues to face strong net selling pressure of thousands of billions of VND. Accumulated in all 3 sessions, foreign investors net sold more than VND 5,337 billion.
The groups of stocks with the strongest fluctuations include the group of securities and banking companies, when facing increased supply pressure after the previous period of leading with a series of names such as VPB, TPB, BSI, MBS, DSE recording a decrease of over and under 10%. See more...
Gia Lai will convert more than 14,000 hectares of ineffective rubber
On September 13, the People's Committee of Gia Lai province issued a plan to convert ineffective crop structure for the period 2026 - 2030, in which more than 14,000 hectares of rubber will be converted to grow fruit trees and crops with high economic value.
According to the plan, the whole province will convert about 38,500 hectares of ineffective agricultural land, including: 3,790 hectares of rice, 7,660 hectares of sugarcane, 7,745 hectares of cassava, 4,020 hectares of rubber and about 570 hectares of other land.
The goal of the program is to restructure the agricultural sector in accordance with the plan, associated with developing the product value chain, creating livelihoods, improving income and quality of life for farmers. See more...
