Gold prices fell in Asian trade on Thursday, seeing little safe haven demand despite increasing risk-off sentiment as traders rode a sharp appreciation in the Japanese yen.
Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.
The State Bank of Vietnam (SBV) should keep the US dollar-denominated deposit interest rate at zero per cent as currently, experts said. There is no need to intervene in the foreign exchange market, as it is stable.
The Ministry of Industry and Trade (MoIT) has requested local associations and businesses to coordinate implementing key solutions to promote imports and exports as sea freight rates rise.
China's first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would be expected to be the biggest beneficiaries.
The US election could see Donald Trump return as president with majorities in both legislative chambers, which could bring a reduction in excessive red tape, weaker support for electric vehicles (EVs) and impose even more ponderous tariffs and trade restrictions.
Gold prices fell in Asian trade on Thursday, seeing little safe haven demand despite increasing risk-off sentiment as traders rode a sharp appreciation in the Japanese yen.SEE MORE
The world economic situation continues to evolve rapidly, complicatedly, and unpredictably, affecting domestic markets. Fertilizer prices on the world market dropped sharply; the increase in imported supply into Vietnam, especially fertilizers and chemical products;SEE MORE