Gold price outlook is raised but the increase is unlikely
Although gold maintains its position, an analyst warned that the potential for price increase is limited.
Rhona OConnell - Head of EMEA & Asia Market Analysis at StoneX has just raised the annual gold price forecast to $3,115/ounce, up 1% from the previous estimate of $3,078/ounce.
OConnell noted that gold prices have only fluctuated within a 2% range over the past week and around 8% over the past three months.
In the third quarter, she forecasts gold will average around $3,320/ounce. However, in the last three months of the year, the average could be around $3,000/ounce.
Ms. O'Connell said that gold prices are unlikely to hit a new peak. She explained: unless there is a serious surprise event (such as "Black Rift" or a humanitarian crisis), the highest price ever reached 3,500.1 USD/ounce on the morning of April 22 in London is at its peak. See more...
Hung Yen grows strongly in investment and enterprises after two-level government
According to statistics from Hung Yen province, from July 1, when the two-level government came into operation, state budget investment capital, FDI projects and new enterprises all grew strongly in the first 7 months of the year.
The estimated investment capital implemented in July reached VND3,159 billion, up 11.55% over the previous month and up 32.32% over the same period last year. Of which, provincial-level state budget capital is 1,835 billion VND, up 14.8% over the previous month; commune-level capital is 1,324 billion VND, up 7.34%. Accumulated in the first seven months of 2025, local budget investment capital reached VND17,324 billion, up 41.95% over the same period, of which provincial capital was VND9,702 billion, commune capital was VND7,622 billion. See more...
Yen improves thanks to optimistic economic expectations
According to Lao Dong, on August 19, the Yen (JPY) tends to increase in price, thanks to the cautious market sentiment and the stronger policy outlook from the Bank of Japan (BoJ).
Meanwhile, the USD weakened slightly as investors adjusted their expectations about the interest rate policy of the US Federal Reserve (FED).
At its July meeting, the BoJ raised its inflation forecast and left open the possibility of raising interest rates this year. This move shows that the Japanese monetary authority is becoming more determined after many years of maintaining a super-loose policy. See more...
Bank stocks create waves, stocks increase sharply
As predicted by analysts, the stock market has returned to the "race" after having a necessary break to accumulate. Leading the wave this time is the group of "king" stocks. The banking industry and securities companies continuously have supporting information when the State Bank allows some banks to reduce the reserve requirement rate by 50%, or about piloting the implementation of digital asset trading floors.
Along with the strength of strong cash flow, the excitement of FOMO by investors, financial sector stocks quickly returned to support the market to accelerate in the session of August 19.
Under the leadership of VPB shares early, as well as the cash flow spread in the real estate group, construction has prompted VN-Index to increase beyond the resistance of 1,650 points. See more...
