Gold continues to trade sideways; Japanese Yen falls sharply.

Gold prices continue to trade sideways.

Gold priceDomestic prices remained unchanged for three consecutive days, while global gold prices closed the week at $2,044 per ounce.

At the time of the survey at 5:00 AM on January 7th, the gold prices on the trading floors of several companies were as follows: DOJI listed the price of 9999 gold at 72.00 million VND/ounce for buying and 75.00 million VND/ounce for selling.

Meanwhile, at Mi Hong Gold and Gemstone Company, the price of SJC gold listed at the time of the survey was 72.50 - 74.00 million VND/ounce (buying price - selling price).

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is being traded at 72.30 - 74.80 million VND/ounce (buying price - selling price). Meanwhile, at Bao Tin Manh Hai, it is being traded at 72.00 - 75.20 million VND/ounce (buying price - selling price).

According to some analysts, the market remains in a tug-of-war as investors try to anticipate the next move by the Federal Reserve (FED). Markets are currently pricing in a 68% chance of the first interest rate cut at the March monetary policy meeting.

BillionThe Japanese Yen continues to fall sharply.

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.

A survey conducted on the morning of January 7th at various banks revealed the following:

At Vietcombank,Vietcombank's Japanese Yen exchange rate is 163.19 VND/JPY for buying and 172.74 VND/JPY for selling, a decrease of 1.74 VND in the buying rate and 1.85 VND in the selling rate.

At Vietinbank, the Yen exchange rate decreased by 1.15 dong in both buying and selling directions, equivalent to 163.52 VND/JPY and 173.22 VND/JPY respectively.

At BIDV Bank, the Japanese Yen exchange rate decreased by 2.18 VND on the buying side and 2.27 VND on the selling side, reaching 163.73 VND/JPY and 172.35 VND/JPY respectively.

At Agribank, the Japanese Yen exchange rate is 165.10 VND/JPY for buying and 170.28 VND/JPY for selling - a decrease of 2.15 VND in the buying rate and 2.26 VND in the selling rate.

At Eximbank, the buying rate decreased by 1.8 dong and the selling rate decreased by 1.84 dong, reaching 165.36 VND/JPY and 170.11 VND/JPY respectively.

At Techcombank, the Japanese Yen exchange rate decreased by 1.32 VND on the buying side and 1.38 VND on the selling side, reaching 161.24 VND/JPY and 172.22 VND/JPY respectively.

At Sacombank, the Japanese Yen exchange rate decreased by 1.24 VND in both buying and selling rates, reaching 165.49 VND/JPY and 172.04 VND/JPY respectively.

Oil prices rise, USD recovers.

The US dollar is trending upwards globally. The DXY index – which measures the strength of the US dollar against six major currencies – closed the week at 102.44 points, up 0.01% from the previous session.

Oil prices on the world market ended the final trading session of the first week of 2024 up more than $1.

Oil prices rose after the minutes of the US Federal Reserve meeting showed that inflation was under control. Additionally, oil prices were supported by news that US Secretary of State Antony Blinken was preparing to visit the Middle East in an effort to ease tensions in the region.

In the domestic market, the selling prices of gasoline and diesel fuel today, January 7th, are based on the prices set in the price adjustment session on the afternoon of January 4th by the inter-ministerial committee of Finance and Industry and Trade.

Domestic coffee prices continue to rise.

Coffee pricesDomestic coffee prices, updated at 5:00 AM on January 7th, continued to rise during the weekend trading session. Currently, the average coffee price in the Central Highlands provinces is around 67,900 VND/kg, with the highest purchase price in Dak Lak and Dak Nong provinces at 68,200 VND/kg.

Specifically, the purchase price of coffee in Gia Lai and Kon Tum provinces is quite high at 68,000 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 68,200 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 green coffee beans) is 67,300 VND/kg.

Coffee prices in Dak Lak province today are highest; in Cu M'gar district, coffee is being purchased at 68,200 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same rate of 68,300 VND/kg.

Pork prices remain stable.

Today, January 7th, live pig prices remained stable at the end of the week, averaging around 50,000 VND/kg.

In the northern region, the price of live pigs fluctuates between 50,000 and 52,000 VND/kg.

In the Central and Central Highlands regions, live pig prices have not seen any new fluctuations and remain within the range of 48,000 - 50,000 VND/kg.

In the southern region, live pig prices remained largely stable, fluctuating between 49,000 and 52,000 VND/kg.