Gold prices increase thanks to weak USD and safe-haven cash flow
Gold prices increased on Monday thanks to a weakening USD and safe-haven cash flow in the context of concerns about global trade conflicts, while investors waited for more signals about the interest rate policy of the US Federal Reserve (FED).
Kyle Rodda - a financial market analyst at Capital.com - commented: "The risk of a slump in growth is increasing, while US foreign policy is also a factor of instability, thereby boosting demand for gold. I think $3,000 an ounce will soon break maybe in the next few months.
US President Donald Trump refused to predict whether the US economy will fall into recession, as the stock market is concerned about his tax moves on Mexico, Canada and China related to fentanyl.
The constantly changing tax declarations have caused wall Street to stir, as investors believe that the Donald Trump administration has continuously changed its stance on tariffs on trading partners, causing confusion instead of bringing stability. See more...
Export rice prices under pressure, domestic rice fluctuates
Rice prices today, March 10, in the Mekong Delta region fluctuated slightly. Types of rice generally remain stable, while fresh rice prices tend to increase.
For rice products, according to updates from the Department of Agriculture and Environment of An Giang province, the current price of Dai Thom 8 (fresh) rice increased by 100 VND/kg, ranging from 6,500 - 6,600/kg; OM 18 (fresh) rice ranged from 6,400 - 6,500 VND/kg...
For OM 380 raw rice and rice, the price ranges from 7,850 - 8,000 VND/kg; IR 504 raw rice ranges from 8,150 - 8,200 VND/kg; OM 18 raw rice ranges from 9,300 - 9,500 VND/kg...
Recently, the General Department of Foreign Trade of India announced that the policy of exporting broken rice has been adjusted from a ban to allowing freedom of implementation, effective immediately. India's ban on 100% broken rice exports could cause rice prices in Vietnam and competing countries to fall sharply. See more...
Opportunity to break out when stock liquidity explodes
Positive signals show that market sentiment has strongly surpassed the resistance level of 1,300 points thanks to trading volume increasing strongly above the 20-week average. The total trading value on the HOSE floor last week reached VND 109,800 billion, up more than 15.9% over the previous week, becoming the 7th consecutive week of increased liquidity.
In particular, foreign investors have reduced their net sales. If last week, foreign investors net sold more than VND 2,000 billion, last week they only sold nearly VND 800 billion. Banks and securities are the two most prominent groups of stocks.
With liquidity remaining above VND20,000 billion/session for the whole week, it is not too unpredictable for the group of stocks to continue to operate strongly. The improvement in liquidity of the stock market comes from positive information for the market. See more...
Coffee prices reverse to increase
After deep declines last week, domestic coffee prices on March 10 recorded a slight recovery, increasing by VND1,000 - 1,200/kg in key areas.
Coffee prices in Dak Lak and Dak Nong are trading around 131,000 VND/kg, an increase of 1,200 VND compared to yesterday. In Gia Lai, coffee prices also increased by VND1,200, to VND130,800/kg. See more...
