Many experts predict gold prices will continue to decrease
Kitco News' survey results show that out of 16 Wall Street experts, 5 (31%) predict gold prices will increase, 8 (50%) predict a decrease and 3 (19%) think prices will remain flat.
Adrian Day - Chairman of Adrian Day Asset Management said that gold prices may continue to decline in the next few days, pushing the precious metal down to the $3,000/ounce area or lower. However, this expert also emphasized that this was just a short and minor correction, the factors supporting gold over the past two years have not only not been lost but are also clearer.
Although prices have increased sharply this year, gold has not been widely held, especially in North America. Therefore, he predicted that gold prices will decrease in the short term, but will increase sharply in the rest of the year.
Kevin Grady - Chairman of Phoenix Futures and Options said the market is currently very chaotic, including with gold. He said many investors are selling profitable investments, such as gold, to collect cash to add funds for investments in stocks. When gold increases sharply, speculators rush to buy, but this is a group of investors who are impatient or have little capital and now they also have to sell. See more...
Accepting trends, preparing for agricultural drone training
Yen extends its upward momentum ahead of global crisis
According to Lao Dong, on April 7, the Japanese Yen (JPY) is continuing to increase compared to the US Dollar (USD) as global investors seek safe assets amid increased uncertainty.
The main reason is concerns about the negative impact of President Donald Trump's new tax policy, along with the risk of recession and prolonged geopolitical tensions.
According to FXStreet, Mr. Trump unexpectedly imposed a basic tax of 10% on all imports, and imposed higher tariffs on major partners such as China, Canada and the European Union. The move has prompted relevant countries to prepare to take retaliatory measures, raising concerns about an escalating global trade war.
Asian stock markets and US futures fell sharply at the beginning of the week, reflecting investors' risk-off sentiment.
In that context, the yen - seen as a safe haven - has rapidly appreciated. See more...
Ha Long Bay earned more than 9.2 billion VND in 3 days off
According to the Ha Long Bay Management Board, during the 3 days off the Hung Kings' Commemoration Day holiday, from April 5-7, 2025, Ha Long Bay welcomed 29,542 visitors, including 11,886 domestic visitors and 17,656 foreign visitors. There were 6,282 overnight guests on the bay, mainly foreigners (more than 5,640 people).
The total revenue from selling tickets to visit Ha Long Bay during the 3 days off is 9,253,410,000 VND.
Also according to the Ha Long Bay Management Board, the accumulated revenue from selling tickets to visit Ha Long Bay from the beginning of 2025 to now has reached more than 200 billion VND. See more...
