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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…
The selling price of bullion gold is currently around 173 million dong per tael. Recent updates show SJC gold has been raised by 1.5 million dong per tael at many outlets, with prices now quoted at 170.0–173.0 million dong per tael.
Gold ring prices at multiple firms also increased in line with bullion. SJC raised its range to 169.7–172.7 million dong per tael. In the early hours of April 14, major brands quoted SJC gold at 168.5–171.5 million dong per tael.
Plain gold ring prices at DOJI, Bao Tin Minh Chau, and Bao Tin Mạnh Hải were also quoted at 168.5–171.5 million dong per tael. Meanwhile, SJC and PNJ set prices at 168.2–171.2 million dong per tael.
Earlier, on April 13, domestic gold prices fell by about 700,000 to 900,000 dong per tael.
On the international market, spot gold was at 4,754 USD per ounce, equivalent to about 151 million dong per tael when converted at the current USD exchange rate.
Robin Brooks, senior fellow at the Brookings Institution and former IIF chief economist and FX strategist at Goldman Sachs, said gold currently shows the characteristics of a high-beta asset—amplifying rather than dampening sell-offs.
In his analysis, Brooks argued that something is not right with gold’s traditional safe-haven role. He noted that over the past six weeks of conflict, gold has fallen 10%, while the S&P 500 has fallen less than 1%. “An asset cannot be a hedge if it falls more than the S&P 500 in a negative shock.”
Brooks offered two hypotheses for why gold has moved like a high-beta asset:
Brooks concluded that if the second hypothesis is correct, it may only be a matter of time before this group of investors is removed from the market and gold returns to its traditional safe-haven role. He said the safe-haven status is not permanently disappearing, but is being temporarily distorted.
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…
