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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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Domestic gold prices opened the week with declines across both jewelry and bullion compared with last week’s close, as global gold prices fell after stronger-than-expected US payroll data increased expectations that the Federal Reserve will keep interest rates higher for longer. Domestic bullion and jewelry prices at 8:45 a.m. (April…
Each barrel of oil rose by more than 2%, while gold prices fell by nearly $70 an ounce as the Middle East conflict developed.
At the open of trading on April 6, Brent and WTI crude rose about 2.4%, to $111 and $114 per barrel, respectively. The ongoing Middle East conflict continues to threaten global oil supply.
Last weekend, U.S. President Donald Trump issued a new ultimatum to Iran. On Truth Social, he urged Iran to agree to open the Hormuz Strait before 8:00 PM U.S. time on April 7 (equivalent to 7:00 on April 8 Hanoi time) to avoid infrastructure targets.
“They will have no electric plants or bridges left if nothing is done before Tuesday night,” Trump said in an interview with the WSJ.
The Hormuz Strait—a maritime route that carries about 20% of global oil and LNG supply—has been nearly blockade since fighting began in late February. This has pushed crude oil prices and airline fuel, diesel, and gasoline higher worldwide.
In a speech last week, Trump said the conflict could last another 2-3 weeks. According to TD Securities, the conflict would cause the world to lose about 600 million barrels of crude oil and 350 million barrels of petroleum products if it lasts until the end of the month.
On the gold market, world gold prices continued to fall at the start of trading on April 6, due to Trump's threats to Iran. Each ounce is down $66 to around $4,610.
Since the conflict began, precious metals have fallen more than 12%. The reason is that higher energy prices reduce central banks' ability to cut interest rates. Gold becomes less attractive in a high-rate environment. Additionally, investors must reduce positions to cover losses from other investments.
Besides gold, other metals are also down. Silver, palladium, and platinum are currently down about 0.2-0.9%.
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…
