Gold prices maintain upward momentum as safe-haven demand remains strong
According to Kitco, a group of 10 major Chinese insurance companies has been approved to invest up to 1% of total assets (~27.4 billion USD) in gold bars.
With the current gold price, this investment is equivalent to about 295 tons, accounting for 34% of the total investment demand for gold bars in 2024. Over the past year, investment demand for gold bars has increased by 10% over the same period, reaching 1,185 tons.
Analysts at Heraeus predict that if these insurance companies carry out the planned investment, gold investment demand in 2025 could increase by at least 25%. This could maintain gold's upward momentum. Especially since 2024, this precious metal has reached a new record high 39 times. Since the beginning of 2025, gold prices have peaked eight times.
The trading volume on the Shanghai Gold Exchange also showed strong interest from Chinese investors. Last week, the total trading volume reached 44,000 tons, accounting for more than 95% of the average weekly volume over the past four years. This shows the positive sentiment of investors even though gold prices are constantly reaching new peaks. See more...
Hanoi bans vehicles with more than 16 seats from entering the old town, travel companies worry about tourists abandoning tours
Suspension of trading in KPF shares of Koji Asset Investment
The Ho Chi Minh City Stock Exchange (HoSE) has just announced the suspension of trading in KPF shares of Koji Asset Investment Joint Stock Company due to late submission of the 2024 semi-annual review financial report beyond the prescribed time limit. Previously, this stock was put into restricted trading from October 4, 2024 for the same reason.
According to HoSE's regulations, listed enterprises must publish semi-annual audited financial reports within the prescribed time limit. The delay of more than 6 months caused KPF shares to be officially suspended from trading, meaning that investors could not buy and sell these shares on the stock exchange. See more...
Imported cherries to Ho Chi Minh City drop sharply
Recently, the Ho Chi Minh City market has seen many imported cherry selling points at cheap prices. Previously, cherries were considered a high-end fruit with prices from 500,000-600,000 VND/kg, suitable only for high-income people. However, currently, cherry prices have decreased sharply, ranging from 120,000-150,000 VND/kg.
Previously, cherry prices were very expensive, 100,000 VND could only buy 200-300 grams. Recently, I went to the market and saw it selling for 120,000 VND/kg, so I also bought it to try" - Ms. Dang Thanh Phuong (living in Binh Thanh District) shared.
At Thu Duc unit market, many traders also offer this fruit for sale at 700,000 VND/5 kg or 90,000 VND/kg (depending on the type).
This decrease was also noted at major supermarkets. Saigon Co.op system has organized a cherry festival imported from Chile, selling at 199,000 VND/kg, 20-30% lower than the market and consuming about 100 tons in just half a month. See more...
