Reasons for gold prices to increase in the first trading session of the week
Kitco News' survey on gold prices this week shows that experts are leaning towards pessimism. While individual investors are also gradually giving up the optimistic trend after a sharp decline in gold prices.
However, in the first session of the week, world gold prices turned to increase strongly.
According to Reuters, gold prices increased as the US dollar weakened and new concerns about trade returned after US Treasury Secretary Scott Bessent reaffirmed that President Donald Trump would impose tariffs on partners who did not negotiate "competently", increasing demand for safe havens. See more...
Yen continues to appreciate, forecasting a positive future
According to Lao Dong, on May 19, the Japanese Yen (JPY) increased sharply, causing the USD/JPY exchange rate to decrease to about 144.80 - the lowest level in more than a week.
This development shows the return of the Yen as a safe-haven asset, in the context of a global market facing many risks.
One of the main factors supporting the Yen's appreciation is the growing expectation that the Bank of Japan (BoJ) will continue to raise interest rates in 2025. After a historic rate hike earlier this year, recent signals suggest the BoJ could continue to tighten monetary policy - something that has been unusual for many years. Higher interest rates make the Yen more attractive to global investors. See more...
Green bamboo shoots are expensive, gardeners do not have enough supply
In recent years, green bamboo shoots have suddenly become a "star" in the fruit market thanks to the bamboo shoots trend. The appeal of the dish has caused the price of green bamboo shoots to skyrocket, at times up to 100,000 - 150,000 VND/kg for unpeeled ones, from 450,000 - 550,000 VND/kg for peeled ones.
This year, although the appeal has gradually decreased, green bamboo shoots continue to be sought after from the remnants of chicken salad. At the beginning of the season, traders have begun to look for a source of live bamboo shoots to supply the market.
Ms. Lan (a trader at Tan An unit market, Ninh Kieu district, Can Tho city) shared that in the past, fruit stalls only took ripe mangosteen to sell. In the past 2 years alone, the demand for raw bamboo shoots has increased sharply, this trader has also followed the trend of finding a source of goods for consumption. See more...
HCMC increases the search for counterfeit and poor quality goods
In the context of strong e-commerce development, Ho Chi Minh City is facing many challenges in controlling the quality of goods, especially in the online environment.
Ms. Ly Kim Chi - Chairman of the Ho Chi Minh City Food and Food Association, said that recently, the food industry has begun to see some products being advertised untruthfully on social networks, causing consumers to misunderstand the quality and uses. Although the number is not large, Ms. Chi said that there should be corrective measures from the beginning to avoid spreading.
"We always remind businesses to comply with legal regulations, from product information to circulation registration and advertising content. For violating businesses, we will recommend stricter sanctions to prevent re-offending" - Ms. Chi emphasized. See more...
