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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
Gold prices weakened on April 13 as the US dollar strengthened and weekend US–Iran talks collapsed, raising inflation concerns and weighing on expectations for future rate cuts.
Spot gold fell 0.4% to 4,728.59 USD/oz in early trading, after touching the session’s low earlier on April 13. US gold futures declined 0.7% to 4,752.20 USD/oz.
The dollar index rose slightly, making dollar-priced metals more expensive for holders of other currencies.
Phillip Streible, chief market strategist at Blue Line Futures, said: “This is a market dominated by headlines. All eyes are on crude oil prices because oil drives inflation and that drives the Fed's policy.”
The US military has begun blockading ships leaving Iranian ports. Tehran warned it would retaliate against ports of neighboring Gulf states after the weekend talks failed to reach a ceasefire, raising the risk of a breakdown in the ceasefire.
Oil prices have risen above $100 per barrel. Higher energy costs can lift inflation expectations and reduce the room for central banks to cut rates. Higher interest rates typically weigh on gold, an asset that does not generate income, though it can still act as a hedge against inflation.
According to CME’s FedWatch, the market currently prices about a 21% probability of a US rate cut by year-end, down from roughly 40% a month ago.
Paul Wong, market strategist at Sprott Asset Management, said in a report: “If the Hormuz Strait remains closed, the market may not follow the usual risk-off pattern, because energy shortages and payment limitations could amplify gold's role as a trusted cross-border payment asset when currencies are constrained.”
He added that uncertainty around future oil supply could support structural demand for silver through increased solar investment.
Spot silver fell 2.4% to 74.07 USD/oz. Platinum declined 1.2% to 2,021.28 USD/oz, while palladium rose 0.4% to 1,527.45 USD/oz.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
