Stock and Gold Prices This Week. Illustration: Tuan Tran
|
Chau An
The Great Gold Rush: A Race to the Bottom?
Fearing that prices would continue to plummet, many rushed to sell their gold, opting for small profits over potential losses. However, their efforts were thwarted as many gold shops halted purchases, leaving prospective sellers frustrated and empty-handed.
The Golden Scam: Uncovering a Risky Venture Gone Awry
“Seeing that gold prices in Cambodia were lower than in Vietnam, Pham and Luyen pooled together $570,000 to purchase over 6kg of gold. They intended to bring it back to Vietnam to sell for a profit. However, their scheme was uncovered by authorities, who promptly arrested them.”
Gold Hoarders Stunned as Domestic Gold Prices Plummet Post-US Elections
The dramatic $100 per ounce drop in the global gold price triggered a sharp decline in both SJC gold bars and gold rings in Vietnam.
The Vietnam Stock Market’s Performance Post US Presidential Elections: VN-Index Rises 5 out of 6 Times, Painting the Town Green.
The historical data of the Vietnamese stock market indicates an average increase of 11.92% post-election, and analysts are optimistic about a positive reaction from the VN-Index as the event concludes.
Vietnam Airlines Posts Near-Thousand Billion Profit for Third Consecutive Quarter, Yet Remains in a 35,000 Billion Cumulative Loss, With Stock Rising for Four Straight Sessions
For the nine-month period ending September 2024, Vietnam Airlines reported a revenue of VND 79,161 billion, a remarkable 17% increase compared to the same period last year. The airline also achieved a impressive net profit of nearly VND 6,000 billion during this time frame.
