VINACHEM

Gold prices recovered from overnight losses in Asian trade on Thursday, and remained below recent peaks as fears of higher-for-longer interest rates and pressure from a strong dollar remained in play.

Oil prices jumped $3 a barrel on Friday in reaction to unconfirmed reports on X that explosions had occurred in Iran, sparking concerns that Middle East oil supply could be disrupted.

Rare earths prices in top producer China jumped to their highest in more than seven weeks on Monday on a wave of post-holiday restocking among buyers, before easing slightly on Tuesday.

After the US and UK imposed new restrictions on Russian aluminum, copper, and nickel on April 12, prohibiting metal-trading exchanges from accepting supplies from the country, it was an easy guess that the sanctions-happy West was yet again shooting itself in the foot and that the move would reverberate across global metal markets.

China's gross domestic product (GDP) increased by 5.3% year-on-year in the first quarter of 2024, the National Bureau of Statistics of China said on Tuesday.

Prime Minister Pham Minh Chinh signed a public telegram on drastic measures to ensure power supply in dry season in 2024 and coming years.

The U.S. dollar has continued edging up against the Vietnamese dong currency on April 15, reaching the ceiling set by the State Bank of Vietnam (SBV) at some banks.