Gold prices are gradually weakening but investors still have confidence
The gold market may continue to see profit-taking and correction throughout this summer, but price movements last Friday showed that investors still want to hold a stake in gold as an important safe-haven asset before a volatile weekend.
Experts say that in the context of chaos and instability in the Middle East, investors are still looking to gold as a hedge against risks.
Philip Streible - Chief Market Strategist at Blue Line Futures - commented: "It is true that many people are currently pouring money into gold, but when it is not clear what the upcoming situation will be, keeping an asset without political risks is still a smart choice. Gold is the simplest way to balance portfolio risks. In my opinion, investors should keep a portion of their gold before the weekend to be more assured.
Although gold and silver still have room to adjust down, Streible believes that geopolitical instability will limit the decline of the precious metal. See more...
Many types of fruit have fallen in price, gardeners are cautious with the refrain of planting - cutting
Recalling the "golden" days of the jackfruit, Mr. Tran Van Tam (a gardener in Phong Dien district, Can Tho city) could not help but feel regretful. Mr. Tam said that if over the years, many years of cultivation experience have been accumulated, and the productivity of Thai jackfruit is getting higher and higher, then on the contrary, prices have fallen miserably.
"This year, Thai jackfruit is in good harvest but the price is only 2,000 - 3,000 VND/kg, at times traders buy less than 2,000 VND/kg. This price is about 10 times lower than the first years I planted. Even though I lost money, I still had to sell to traders. Otherwise, only the picked water will be lost, affecting both the yield of the next crop and the crop," said Mr. Tam.
Low prices, but for the past 2-3 years, Mr. Tam has been trying to maintain production in the hope that the market will improve, as well as regretting the costs invested in the garden. See more...
Electronic invoices enter Ho Chi Minh City market, business households and traders actively learn
The stock market may see an adjustment
After 2 weeks of adjustment pressure, the stock market recorded a trading week of June 16-20, with many efforts to return to conquer the old peak in the 1,340 - 1,360 point area. VN-Index increased in the first session of last week under the positive influence of the oil and gas group, then had 4 sessions of fluctuations in a narrow range around the price range of 1,350 points. At the end of last week, the VN-Index increased by 2.57% to 1,349.35 points.
The cash flow in the market continuously rotates between stock groups, but each increase focuses only on a few specific codes, instead of creating even push-ups for the entire industry. The banking group is carried out alternately from STB, TCB to ACB, MBB.
The cash flow circulates into the Oil and Gas, Real Estate, Securities, Vingroup stocks and Seafood sectors but has not created sustainable growth momentum. See more...
