Gold prices are expected to fluctuate significantly; gasoline and oil prices continue to rise.

Gold prices will be subject to significant fluctuations.

SJC gold remains at its historical peak of 85.2 million VND/ounce, while global gold prices are forecast to continue rising in the upcoming volatile trading week.

At the time of the survey, 5:00 AM on April 29thgold priceon the stock exchange of several companies as follows:

Today, DOJI lists the price of 9999 gold at 82.60 million VND/ounce for buying and 84.80 million VND/ounce for selling.

Meanwhile, at Mi Hong Gold and Gemstone Company, the listed price of SJC gold at the time of the survey was 83.30 - 84.50 million VND/ounce (buying price - selling price).

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is also being traded at 83.25 - 85.10 million VND/ounce (buying price - selling price).

According to Kitco, the spot price of gold in the world market at 5:00 AM Vietnam time today was $2,337.91 per ounce. Converted using the current exchange rate at Vietcombank, the price of gold is approximately VND 70.468 million per tael (excluding taxes and fees).

According to experts, the gold market is likely to experience significant volatility next week as the US Federal Reserve (FED) is expected to reiterate its stance of not being ready to lower interest rates before the summer. Analysts also believe that the US central bank is unlikely to begin an easing cycle before the US election in November.

Analysts also noted that the latest economic data puts the central bank in a difficult position as inflation remains high and growth slows.

Forecast of Yen exchange rate trends

According to a survey by the Industry and Trade Newspaper,Japanese Yen exchange rateToday, Sacombank has the highest buying rate for the Japanese Yen, while Eximbank has the lowest selling rate among all banks.

Accordingly, Sacombank quoted rates of 159.97 VND/JPY and 164.98 VND/JPY; at Eximbank, the rates were 159.33 VND/JPY and 164.08 VND/JPY respectively.

Last week, the Japanese yen fell sharply to its lowest level against the US dollar since 1990, weighed down by Japan's monetary policy and uncertain economic indicators from the US.

The rapid depreciation of the Japanese yen has sparked discussion about market intervention. The sharp drop in the Japanese currency to 158.283 yen per dollar signals a significant decline in its value.

This decline is primarily due to the Bank of Japan's (BoJ) decision to keep interest rates low, as announced in its latest policy meeting. Despite the Yen's decline, the BoJ hinted at the possibility of future interest rate hikes; however, its cautious stance failed to bolster the Japanese currency.

Financial markets are intricately interconnected worldwide. A significant slowdown in a major economy can erode investor confidence, leading to a sell-off in global stock markets. As the yen approaches historic lows, the international financial community remains vigilant, waiting to see how Japan will react to defend its currency amid the economic downturn.

Gasoline and diesel prices continue to accelerate.

PricegasolineThe world saw an upward trend last week after two consecutive weeks of decline.

The acceleration in oil prices was supported by key factors including a larger-than-expected drop in US crude oil inventories and ongoing tensions in the Middle East.

In the first trading session of the week, oil prices fell slightly. Oil prices declined as traders perceived that, in the short term, the conflict in the Middle East would have little impact on supply.

In the second trading session of the week, oil prices reversed course and rose quite sharply, with Brent crude increasing by 1.6% and WTI crude by 1.8%.

At the close of last week, Brent crude oil settled at $89.5 per barrel, while WTI crude oil ended the week at $83.85 per barrel.

Overall for the past week, Brent crude oil prices rose by $2.21 per barrel, while WTI crude oil prices increased by only $0.71 per barrel.

Coffee prices have risen sharply again.

Domestic coffee prices, updated at 4:12 AM on April 29th, have risen sharply again, by approximately 2,500 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 134,100 VND/kg, with the highest purchase price in Dak Nong province at 134,200 VND/kg.

Specifically, the purchase price of coffee in Gia Lai and Kon Tum provinces is 134,000 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 134,100 VND/kg.

In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, the price of bulk green coffee beans (green coffee beans, fresh coffee beans) is 133,500 VND/kg.

In Dak Lak province, in Cu M'gar district, coffee is being purchased at approximately 133,900 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same rate of 134,000 VND/kg.