– Gold and oil costs lowered frequently
Within the afternoon consultation of Might 23 in Asia, gold costs lowered for the 3rd consecutive consultation, with a lower of 0.6%, to two,365.49 USD/ounce, oil costs additionally endured to say no.
Gold costs fell for the 3rd consecutive consultation, after the USA Federal Reserve (Fed) launched the mins of its most up-to-date assembly, appearing that some officers supported elevating rates of interest.
Spot gold worth lowered 0.6%, to two,365.49 USD/ounce at 13:38 (Vietnam time). The cost of this treasured steel hit a document prime of two,449.89 USD/ounce on Might 20. US gold futures costs lowered 1.1%, to two,367.6 USD/ounce.
Even though the Fed stored rates of interest unchanged, the Fed assembly mins confirmed that the potential for elevating rates of interest used to be additionally mentioned. Buyers are an increasing number of skeptical of the Fed’s skill to decrease rates of interest once or more this yr, with a 72% likelihood of a lower via November 2024.
In step with marketplace analyst Tim Waterer at KCM Business, gold costs would possibly go back to the brink of two,355 USD/ounce, if the USD continues to understand.
In Vietnam, early afternoon of Might 23, Saigon Jewellery Corporate indexed SJC gold worth at 87.8 – 89.8 million VND/tael (purchase – promote)./.
Oil costs fell for a fourth consecutive consultation after mins from the Fed’s assembly confirmed the potential for additional tightening of economic coverage if inflation remained prime used to be mentioned, a transfer that might cut back oil call for.
Brent oil futures costs lowered via 20 US cents, or 0.2%, to 81.7 USD/barrel at 1:51 p.m. (Vietnam time). US WTI mild candy oil futures fell 29 US cents, or 0.4%, to 77.28 USD/barrel. Each oils fell greater than 1% within the earlier consultation.
In step with the Fed assembly mins, the Fed will take care of the present financial coverage as inflation stays prime but additionally mentioned the potential for elevating rates of interest.
Emerging rates of interest will build up borrowing prices, prohibit financing that might spice up financial expansion and cut back call for on this planet’s largest oil shopper.
An element additionally weighing available on the market is that US crude oil inventories greater via 1.8 million barrels remaining week, whilst they have been estimated to lower via 2.5 million barrels.
In the meantime, Russia stated it had exceeded the output quota set via the Group of the Petroleum Exporting International locations (OPEC) and its allies in April 2024 for technical causes.
– Viettel and VNPT aren’t allowed to take part within the C3 spectrum public sale
The beginning worth of the C3 band block (3,800-3,900 MHz) for 5G is decided to be the profitable public sale worth of the C2 band block (over VND 2,581 billion).
Companies that experience gained the public sale of band B1 (2,500-2,600 MHz for 4G, 5G) and band C2 (3,700-3,800 MHz for 5G) aren’t allowed to take part within the public sale of band C3.
Accordingly, the C3 band block has a beginning worth of greater than 2,581 billion VND, used for 15 years; The cost step implemented on the public sale is 25 billion VND; The deposit to take part within the public sale is 130 billion VND.
Prior to now, in March 2024, the Ministry of Knowledge and Communications arranged an public sale for all 3 band blocks B1 (2,500-2,600 MHz), C3 and C2 (3,700-3,800 MHz); Specifically, the C3 band block public sale used to be unsuccessful on March 14.