Gold prices will fluctuate; Gasoline prices continue to accelerate
(Baonghean.vn) - Gold prices will fluctuate in the new week; Gasoline prices continue to accelerate; Yen exchange rate trend forecast; Coffee prices increase sharply again, are the market information updated on the morning of April 29.
Gold prices will fluctuate
SJC gold is anchored at a historical peak of 85.2 million VND/tael, world gold prices are expected to continue to increase in the new volatile trading week.
At the time of survey at 5:00 a.m. on April 29gold priceon the trading floor of some companies as follows:
Today's 9999 gold price is listed by DOJI at 82.60 million VND/tael for buying and 84.80 million VND/tael for selling.
At Mi Hong Jewelry Company, the gold price at the time of survey was listed at VND83.30 - 84.50 million/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83.25 - 85.10 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,337.91 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 70.468 million VND/tael (excluding taxes and fees).
The gold market is likely to see more volatility next week as the US Federal Reserve is expected to reiterate its stance that it is not ready to cut interest rates before the summer, according to experts. Analysts also believe that the US central bank is unlikely to start 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.
Yen exchange rate trend forecast
According to a survey by Industry and Trade Newspaper,Japanese Yen Exchange RateToday, Sacombank is the bank with the highest buying rate of Japanese Yen and Eximbank is the bank with the lowest selling rate among the banks.
Accordingly, at Sacombank, the prices are 159.97 VND/JPY and 164.98 VND/JPY; At Eximbank, the prices are 159.33 VND/JPY and 164.08 VND/JPY, respectively.
The Japanese yen fell sharply to its lowest level against the dollar since 1990 last week, weighed down by Japan's monetary policy and uncertain economic indicators from the United States.
The rapid fall in the value of the Japanese Yen has sparked talk of market intervention. The sharp fall to 158.283 Yen per Dollar signals a significant deterioration in the currency.
The decline was largely due to the Bank of Japan (BoJ) choosing to keep interest rates low, as announced at their latest policy meeting. Despite the Yen’s decline, the BoJ hinted at the possibility of future rate hikes, but their cautious stance did little to strengthen the Japanese currency.
Financial markets are intricately linked around the world. A significant downturn in a major economy could cause investor confidence to plummet, leading to a sell-off in global equity markets. As the yen approaches historic lows, the international financial community remains on guard, waiting to see how Japan will react to defend its currency amid economic turmoil.
Gasoline prices continue to accelerate
PricegasolineThe world last week recorded a week of climbing 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 inventories and continued tensions in the Middle East.
Oil prices fell slightly in the first trading session of the week. Oil prices fell as traders saw that the conflict in the Middle East would have little impact on supply in the short term.
In the second trading session of last week, oil prices turned around and increased quite strongly when Brent oil increased by 1.6% and WTI oil price increased by 1.8%.
Closing last week, Brent oil price was fixed at 89.5 USD/barrel, WTI oil price ended the week at 83.85 USD/barrel.
Overall, over the past week, Brent oil price increased by 2.21 USD/barrel, while WTI oil price increased by only 0.71 USD/barrel.
Coffee prices rise sharply again
Domestic coffee prices were updated at 4:12 a.m. on April 29 and increased sharply again, by about VND2,500/kg. Currently, the average purchase price in the Central Highlands provinces is VND134,100/kg, the highest purchase price in Dak Nong province is VND134,200/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is at 134,000 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 134,100 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 133,500 VND/kg.
In Dak Lak province; in Cu M'gar district, coffee is purchased at about 133,900 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 134,000 VND/kg./.
