World gold prices continue to rise high due to escalating unrest
At the beginning of the trading session this morning, on January 24, the world gold price increased rapidly when the dollar showed signs of instability. This represents investors' concern about the US greenback and gold precious metals to reduce risks.
Demand for the gold market is increasing. Typically early this morning (Vietnam time), world gold prices immediately delivered at US $ 1,285 / ounce. This is the price equivalent to 35.6 million when converted to USD. The current gold price is only about 1 million dong lower than the domestic gold price and 1.3% lower than the beginning of 2018.
The charting of gold prices continues to rise today as the dollar is experiencing uncertainty over the political tension in the world following the ladder. Accordingly, SPDR - the largest gold trading fund in the world - has the highest amount of gold held since 6/2018.
Currently, the unhappy information from the economic decline of the US and Japan has made the houses full of worries. Especially when the International Monetary Fund (IMF) lowered its growth forecast. In particular, the news that the US canceled the negotiated trade negotiations for high-level talks between the United States and China later this month that the Financial Times said it also affected the US dollar and created things. suing for gold to increase its attractiveness higher.
Moreover, according to the forecast, the world gold price will increase when the Federal Reserve (Fed) can stop raising interest rates in 2019. In addition, the partial closure of the US Government will continue to put pressure on the dollar. Since then, helping gold occupy the upper hand in the market.
In the context of the world, the domestic gold price also increased. Most of the big gold brands in the market have a higher listing price of 20-50 thousand VND compared to the previous trading session. PNJ gold price listed on the buying side is 36.19 million dong / tael but sold higher with 36.69 million dong / tael. SJC gold today is also listed at a quite high level when standing at 36.39 million dong / tael for buying and selling side is 36.58 million dong / tael. Phu gold price The listing also increased compared to the previous session with the buying and selling side of 36.47 million dong / tael and 36.57 million dong / tael respectively. read more
Preço mundial do ouro em 21 de janeiro: caiu continuamente quando o dólar se estabilizou
The positive developments of the US-China trade tension and the changes in the world market have helped the USD recover quickly. This has put considerable pressure on the world gold price.
In the trading session this morning, on January 21, the domestic gold price had a gloomy session. Most gold brands are listed with a reduction of about 10 thousand dong. Specifically, the price of Doji gold today was delivered at VND 36.62 million / tael (bought in) and VND 36.70 million / tael (sold out). Along with that, SJC gold price is not very positive when listed at the buying price of 36.52 million dong / tael and 36.72 million dong / tael when sold. Currently, the gold price in HCM City also slightly decreased compared to the previous trading session on January 20.
In the world market, the gold price chart has continuously dropped when the dollar stabilized. At the same time, this market is also affected by the recovery of the stock market. That's because the US-China trade tension has shown positive signs, so investors have more confidence in the US greenback. xem gia vang trong nuoc sang nay
Currently, the world gold price is being delivered at 1280-1295 USD / ounce. Compared to the price of gold in the past week, this price has decreased by 0.5%, after increasing for the previous three weeks in a row. is the lowest. Most likely, the gold price will adjust to $ 1,270 an ounce, even $ 1,245 an ounce next week. However, according to experts, the reduction of gold is also necessary for the current market. It will be a solid foundation for this precious metal to have a stronger increase in the future.
The fact that the world gold price will be affected by the dollar and the stock market. Because if the dollar increases, it will make the stock market more stable and attract more investors' attention. Therefore, the attractiveness of gold is also reduced.
At the same time, the Brexit situation has not yet reached its end, causing the British pound and Euro to fall, creating conditions for the US to become more and more stable in the market. At the same time, the fact that the US Federal Government has closed down for a long time has been one of the driving forces for the gold price chart. That's why even though gold is falling, it is still hanging high so as not to lose its attractiveness.
The bank profit ranking 2018 has changed
In the system, grouping according to public understanding as well as in administrative statistics, commercial banks with dominant State ownership are still classified as state-owned commercial banks.
This group includes Bank for Agriculture and Rural Development (Agribank, not equitized), Bank for Foreign Trade (Vietcombank), Bank for Investment and Development (BIDV), Industrial and Commercial Bank (VietinBank) and three cities. The State Bank member bought back for 0 dong. read more
The group that has no dominant state ownership is classified as a joint stock commercial bank group; Usually a "private" element is added to further distinguish it.
With a long history and large-scale characteristics, the dominant traditional market share, the state-owned commercial banks always lead and dominate the scale of profit.
But, from 2018, most business results have been updated and aggregated information shows that the "rankings" of profitability of Vietnamese banks have had great disturbance.
For a long time, in public access, profits of banks are often compared by absolute numbers alone, although this comparative professional analysis does not make much sense.
Instead, basic indicators such as ROA and ROE reflect more closely than performance rankings; or indicators of capital adequacy, asset quality and bad debt, efficiency of working according to per capita ... for a more similar comparison.
But, over the years, comparing the scale of profit simply by absolute numbers becomes ... habit. And from here on, the positions in the "rankings" are determined by the number of profits achieved, although the largest number is not necessarily the most effective.
However, looking at the absolute numbers, the scale of system profits of Vietnamese commercial banks in the past year has been greatly disturbed, with the official dominance of private commercial banks.
Leading the scale, Vietcombank with over VND 18,000 billion affirmed its No. 1 position in profitability, has a big difference compared to all other members.
The biggest disturbance in 2018 is in second place. For the first time in history, the system noted that BIDV and VietinBank were no longer overwhelming in this position, but had to make room for a member from a private joint stock commercial bank.
With updated estimates up to this point, the second position belongs to Techcombank (Techcombank). According to VnEconomy, Techcombank has exceeded the profit target last year, marking the first time in history that private banks have exceeded VND 10,000 billion.
Accordingly, due to not officially announced by the financial statements, it is likely that BIDV and VietinBank have backed down to lower positions on the "rankings".
Notably, the state-owned commercial banks are members with total assets of over VND 1 million, the dominant traditional market shares. While Techcombank has an estimated total assets of less than one third of each group member.
Similarly, the scale of total assets is much lower than that of the state sector, and although it is expected to be lower than the beginning of the year due to a "offside" part of the credit growth prospect of the year, the State Bank does not Suspicious, estimated profit of Prosperity Bank of Vietnam (VPBank) still exceeded the VND 9,000 billion mark.
As VietinBank has not yet announced the 2018 profit figure after adjusting its plan, it is likely that VPBank will be the next big disorder from the private sector, surpassing VietinBank and next to BIDV to rank fourth.
Thus, merely about the absolute profit figures, the top 5 "rankings" in 2018 have changed dramatically from history, with the case of Techcombank and VPBank.
In the private joint-stock commercial banks, the 2018 profit positions also continue to show that the gap is getting bigger and bigger among the adjacent members.
In the years 2011 - 2015, the general difficult period of the system, Military Bank (MB) continuously maintained stable profit scale to hold the leading position in private commercial banks. But in recent years and until 2018, "rankings" have changed dramatically.
Despite exceeding the plan last year, but with a big difference, MBbank was no longer a member of direct competition in profit scale compared to Techcombank and VPBank. And this is also a disturbance on the 2018 "ranking".
Looking beyond many years ago, the position of profits in the private joint-stock commercial bank until 2018 has also changed greatly, when the previous leading members such as Saigon Thuong Tin Bank (Sacombank) and Export-Import Bank (Eximbank) cannot return yet.
After the turmoil, 2019 only started but could estimate the "ranking" of profits of Vietnamese banks will continue to change.
Even in 2018, Agribank emerged with a record of profit of over 7,500 billion which will be the case to be followed up. Meanwhile, if BIDV soon completes its plan to sell capital to foreign countries, the prospect of a breakthrough can then create a phenomenon in 2019. read more https://tygia.vn/gia-vang
Phu Quy Gold and Silver Group
Phu Quy has been established since 2003 and now has more than a decade. With the prestige business philosophy, always ensuring maximum benefits of customers, Phu Quy Group has quickly got a firm foothold in the market. The Group's main business is manufacturing and distributing Gold, jewelry, jewelry and diamond products. Not only focusing on the distribution and retail business of gold bars, 9999 gold, Phu Quy also focuses on investing and developing jewelry, diamond and wedding rings products; always updated with the latest trends, diversified and rich product models.
Phu Quy gold has appeared on the market for more than a decade and has received full trust in its customers. The quality of gold is always at the top of quality gold in Vietnam. That makes Phu Quy gold brand in the trust of customers. read more
Outstanding advantages of Phu Quy gold.
Possessing the Top 3 position in 80 typical Vietnamese brands reviewed by Ministry of Industry and Trade is the great achievement that Golden Phu Quy received.
With the strength of standard gold, unforgettable yellow color, the amount of gold remains original after long storage At the same time, designs, designs of gold rings and Phu Quy gold bars, are unique. From the creation of the statue of an animal to the inscription, printing the image on the gold leaf is done carefully, carefully and sharp.
All Phu Quy Gold products are updated according to modern trends with unique designs.
The 12-child Loc set adjacent to Phu Quy 2018 is the unique and unique 24K gold product line that Phu Quy launched into the market. Gold is the color as well as precious material, when combined with fortune symbols will bring more luck to users. It is not just a price of gold but also a lucky product, bringing rich wealth to users.
For gold connoisseurs and lovers of the collection of new kinds of gold, it is possible to find out the collection of Phu Quy 's Phu Quoc Pagoda in the 2018 Quarter. With the advantage of being a 24K gold standard. Create eye-catching new 3D shapes, properly simulate 12 armor. Each animal has a unique meaning as well as a feng shui item that gives a glorious fortune to its customers.
With the base system stretching from north to south of Phu Quy Gold, wherever you are, any location can find Phu Quy Gold base to own these excellent items.
Price of Phu Quy gold in Phu gold Hanoi or Phu gold quarter Ho Chi Minh City has no fluctuation or too much price difference. read more https://tygia.vn/
Foreign exchange rate on January 7: USD decreased, pound increased
Changes in the market made the exchange rate change in the first trading session of this week. USD index decreased by 0.11% when the British pound increased higher thanks to positive economic signals.
Today's trading session on January 7 recorded that the exchange rate in the country did not change much. Big banks kept their listing rates or the changes were not too large compared to the last trading session last week. Specifically, the exchange rate of Dong A bank listed at the buying price is 23,160 dong and the selling side is 23,230 dong. Foreign exchange rate Techcombank is currently buying cash at VND 23,135 and selling at VND 23,245. Vietcombank's exchange rate did not have any significant breakthrough when trading at VND 23,155 for the afternoon of buying and VND 23,245 for selling.
Besides, the world market in this morning's trading session (in Vietnam time) also saw remarkable changes. After disappointing Eurozone data, the Euro exchange rate was not very positive. Meanwhile, the British pound has a chance to increase when the service sector accelerates in December. Currently, the British pound is up 0.44% and stands at 1.2686. read more giá vàng
Although the US situation has made some significant improvements such as: creating 312,000 more jobs. However, this still could not make the USD exchange rate chart increase but even showed signs of falling sharply. Especially when the US stock market has not shown signs of "recovery". The Dow Jones industrial index fell 5.6% overall in 2018, S&P 500 lost 6.2% and the Nasdaq technology index fell 4%.
Currently, investors are still waiting on the Fed's decision to raise interest rates in 2019. Therefore, although there are signs of economic and political disadvantages, but the hope that investors put in the Fed can still make the dollar is considered as one of the safe investment channels. in this time. Especially when the situation of large countries in the world such as China, England or Europe region is experiencing a decline in economic indicators, the US is still considered a great power that has "good health", at least in the current period.
In the next few days, the results of the discussion between Federal Reserve Chairman Jerome Powell and former Fed Chairmen Janet Yellen and Ben Bernanke will contribute significantly to the exchange rate situation in the market. school. read more
World gold price on 5/1: skyrocketing 1300 USD / ounce
At the beginning of the session today, on January 5, the world gold price has surpassed 1300 USD / ounce. This is a record increase in the world of volatility, making gold a safe haven for investors. read more xem ngay
Noting the situation of domestic gold price in this morning session has increased significantly. Typically, gold Doji today increased to 80 thousand dong compared to the previous trading session. Currently, this gold brand is listed at VND 36.68 million / tael (bought in) and VND 36.80 million / tael (sold out). The price of SJC gold also increased with the buying of 36.59 million dong / tael and sold at 36.81 million dong / tael. The gold price market in Ho Chi Minh City also had an exciting session, attracting great attention of investors.
In the world market, gold price recorded a trading level of 1.300.04. This is a record increase in recent years. With the rapid rise of the current gold price chart, it has attracted a lot of investors' attention. In particular, in times of sensitivity to many economic and political uncertainties in the world, this precious metal has become one of the safest refuge channels selected.
After China's weaker-than-expected PMI data reports, huge pressure has been placed on the global stock market. At the same time, information about Apple cutting quarterly sales forecasts also affected. However, this situation also has positive signs when there is information that, in the future, the US will send a working group to China to conduct "active and constructive discussions". with Chinese counterparts. With this information has brought optimism to investors about a less stressful future for the US-China situation.
According to the CEO of Taurus Wealth Advisors Pte- Rain Rainer Michael Preiss said that the world gold price has shown a strong increase as now because investors have realized that gold is a safe place. Full to take shelter. With this listing will be a huge barrier to boost buying demand.
Chances are, in the next few sessions, gold will show signs of increasing and attractiveness will show no signs of decline, at least until the world's economic and political situation is stable. to return.
The exchange rate of USD on January 3 surged before Chinese instability
After many gloomy sessions, on January 3 today, the USD exchange rate has shown signs of increasing rapidly. This is a result of the recent economic downturn of the Chinese economy.
The index measures volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) standing at 96.70 points. Investors are paying attention to the uncertainties stemming from the Chinese economy, making the USD exchange chart get a chance to "turn over" after many sessions of sharp decline.
Accordingly, after China announced some disappointing economic data, a clear sign of deceleration has made investors find the dollar as a safe haven in the time when the world economy has many fluctuations like today. Especially when the stock market in the world still does not have any positive signs for investors to put their trust in it.
Another reason for the rapid increase in the USD exchange rate this morning is because investors believe that China's economy is shrinking due to the impact of the US-China trade war and in this war America is still more appreciated for its advantages.
Along with that, the political issue in China relates to Taiwan when US President Donald Trump officially signed the ratification of the Asian Re-Initiative Act. This is a law to re-establish America's position in the Indian Ocean-Pacific region. At the same time, with the introduction of this law will support Taiwan's defense against China. With this political change is one of the factors that need to be paid much attention to make investors more cautious and choose the dollar to ensure more safety. read more giá vàng
It is the changes in the world market that affect the exchange rate in the country more or less. This morning, the exchange rate of Eximbank listed at the buying price was 23,150 dong and sold 23,250 dong. Besides, Vietcombank has a cash buying session of 23,160 dong and sold out at 23,250 dong. Foreign exchange rate BIDV is currently listed at VND 23,165 when buying and VND 23,255 when sold.
In response to changes in the economic and political situation in the world, investors are still waiting for the decision of the Federal Reserve (Fed) to decide to raise interest rates in 2019. read more https://tygia.vn/
