Gold prices soar, many people still rush to buy
Recorded by Lao Dong reporter on March 3, the price of gold bars and plain rings has been adjusted up by brands, many people continue to choose to go to gold shops to wait to buy.
However, buying gold rings at this time is still difficult. Many people have to queue up early to buy because the stores do not announce specific opening hours or limit the number of gold rings sold.
On Tran Nhan Tong Street (Hanoi), Ms. Pham Thu An (Hoan Kiem District) said: "In the morning, the store staff announced that each person could buy a maximum of 5 taels. I want to buy some as savings but it is really difficult. A long line of people is waiting in front, not knowing when it will be their turn to trade".
Ms. An shared that this was not the first time she had lined up to buy gold. She has come many times before but still cannot buy gold rings. See more...
Fresh flower and gift market is bustling before March 8
Yen continues to extend its upward momentum
According to FXStreet, on March 3, the Japanese Yen (JPY) recorded a slight increase during the day, while the US Dollar (USD) was under selling pressure. This caused the USD/JPY pair to fall below 150.50 in the Asian trading session.
The main reason comes from expectations that the Bank of Japan (BoJ) will continue to raise interest rates. This helps Japan's JGB (Japan Government bond) yield remain high, giving the Yen an advantage.
However, Yen buyers are still cautious. BoJ Governor Kazuo Ueda warned last week that US President Donald Trump's tax policies could affect the global economy, and this needs to be carefully considered when making decisions on monetary policy.
However, the possibility of a strong increase in the USD/JPY pair is still limited. The reason is that the market expects the US Federal Reserve (Fed) to cut interest rates in the coming time, reducing the strength of the USD. See more...
Prices of many types of pork in Ho Chi Minh City increased sharply from 3.
According to Lao Dong's records at traditional markets in Ho Chi Minh City, in the pork selling area, the number of customers has decreased sharply.
Compared to December 2024, the price of pork has increased by about 20,000 - 50,000 VND/kg. Some traders said that pork prices have increased but the profit is still very low. The increase in meat prices leads to reduced purchasing power, affecting the business situation.
"Pork prices have increased sharply, so people have only bought a small quantity or switched to buying other food. There are days when there are only a few customers buying, so I also import less goods" - Ms. Thuy Lien - a pork trader near Hoa Binh market (District 5) said. See more...
