The World Bank changes forecast, believing that gold prices will outperform silver
In the latest commodity outlook report, World Bank experts predict that the average gold price this year will reach about 3,250 USD/ounce, up 36% compared to the average last year. This is a big change from the forecast in November, when they thought gold prices would move sideways.
It is expected that by 2026, the average gold price will decrease slightly to about 3,200 USD/ounce, down 1.5% compared to this year. However, in the broader context, gold is still predicted to be the most prominent asset in the commodity group in the next two years.
Thanks to the continued high demand for safe havens in the short term due to uncertainty, geopolitical tensions and concerns about fluctuations in major financial markets, gold prices are expected to remain high, around 155% compared to the average of 2015-2019. If geopolitical tensions and policy uncertainty continue to rise, gold prices could well exceed current forecasts, the report said. See more...
Vehicle accidents "explode" continuously, technology drivers double their income during the holidays
Gasoline prices are expected to increase in the new management period
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation.
Daniel Hynes - senior commodity strategist at ANZ Bank - said that demand concerns in the context of the trade war have affected investors' psychology.
"In addition, there are concerns that the recent strength in US economic data is only temporary, as pre-tariff accumulation appears to have eased," he noted.
Data released on Tuesday showed that US consumer confidence fell to nearly five-year lows in April, driven by growing concerns about tariffs.
In terms of supply, market sources said on Tuesday, based on data from the American Petroleum Institute, US crude oil reserves increased by 3.8 million barrels last week.
Oil prices are also affected by the ability to increase production from the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, especially as the US-China trade war puts pressure on demand.
According to current market developments, it is forecasted that in the next price adjustment period, retail prices of gasoline may increase. See more...
Shopping malls in Hanoi are crowded with people on the first day of the holiday
On the first day of the April 30 - May 1 holiday, many people choose to stay in Hanoi instead of traveling or returning to their hometown.
According to Lao Dong Newspaper, from 10am this morning, Aeon Mall Ha Dong Shopping Center (Ha Dong District, Hanoi City) was packed with people. Here, the food and beverage area and cinema are the most "attractive" places.
The automatic kiosk of a fast food store in this shopping mall always has dozens of people lining up. On average, customers take 20 - 25 minutes to complete the food purchase. See more...
