World gold prices briefly improved after the US Federal Reserve (Fed) kept interest rates unchanged, then turned to decrease. Domestically, the State Bank (SBV) is continuing to organize SJC gold bar auctions to increase supply.
So, how will domestic and world gold prices fluctuate in the near future?
Gold price is about to fall below 80 million VND/tael?
Exchange with PV VietNamNet, Gold expert Tran Duy Phuong commented that world gold prices will tend to decline because the Fed affirms that the desired inflation has not yet met expectations, US economic data is very good… so the Fed is not thinking about cutting cuts. interest rates. This makes it difficult for gold prices to increase, potentially falling to the 2,200 USD/ounce mark.
“In the short term, gold prices will decline. In the long term, after returning to 2,200 USD/ounce, gold prices will increase sharply again because the Fed will certainly still have to cut interest rates this year. From September and October, gold prices will increase sharply, possibly surpassing the old peak, moving up to 2,500 USD/ounce,” Mr. Phuong predicted.
Experts say that world gold prices are about to fall sharply, leading to domestic gold prices also falling. Photo: Minh Hien
From there, the expert said that domestic gold prices will also decline in the short term, including 9999 and SJC gold rings.
The reason, according to Mr. Phuong, is that the State Bank of Vietnam is actively supplying SJC gold to the market. If bidding is carried out continuously, the amount of gold supplied to the market will basically solve the scarcity problem, the gold price difference will be about more rational. The 9999 gold ring will decline following the decline in world gold prices.
“May, June, July is the time when world gold prices decline, and domestic gold declines accordingly. SJC gold depends on the forces of supply and demand, a certain amount of gold through successful bidding will impact the market. While the world gold price is on the decline, it will affect the psychology of gold holders, making them feel afraid.
When the world gold price drops to 2,200 USD/ounce, about 100 USD lower than the current price, the price of gold rings will decrease to 71 million VND/tael; SJC gold will fall below 80 million VND/tael. Mr. Phuong commented.
Meanwhile, economic expert Dinh Trong Thinh analyzed that world gold prices are often calculated in USD; Therefore, when the USD price goes up, the gold price usually goes down. However, recently, this no longer exists as a rule. Many times when the USD price goes up, the DXY index goes up but the gold price still goes up.
According to Mr. Thinh, this means that, in addition to the impact between the USD and interest rates on gold prices, there are still other factors, especially investors’ expectations.
https://www.worldysnews.com/gold-price-is-about-to-drop-sharply-should-investors-wait/
Exxon’s Road to Success: Navigating the Pioneer Purchase for Full Stride in 18-24 Months
Exxon Mobil’s Strategic Acquisition
By Sabrina Valle
Exxon Mobil recently completed its $60 billion acquisition of U.S. shale oil producer Pioneer Natural Resources, marking a significant milestone in the company’s growth strategy. The integration of Pioneer’s assets is expected to bring substantial production synergies to Exxon Mobil in the Permian basin.
Production Synergies and Growth Strategy
According to Bart Cahir, Exxon’s senior vice president of shale, the company anticipates achieving full production synergies within 18 to 24 months. The acquisition will more than double Exxon’s output in the Permian, making it the largest oil producer in the region with approximately 1.3 million barrels per day of oil and gas.
Exxon plans to leverage its proprietary technologies and expertise to further enhance production capabilities. The company aims to add an additional 700,000 barrels per day by 2027 through the integration of Pioneer’s resources.
Operational Integration and Development Timeline
Exxon is set to combine operations with Pioneer in the coming weeks, with new wells expected to come online within 12-18 months. Cahir emphasized the importance of a strategic approach to organizational integration, highlighting the need for a comprehensive development timeline of 18 to 24 months.
The company’s focus on efficiency and innovation will enable it to optimize drilling processes and maximize output from the combined assets. Exxon’s commitment to operational excellence is reflected in its ability to achieve more with less through targeted design and execution.
Employee Integration and Trading Operations
Exxon plans to offer positions to the majority of Pioneer employees in the next two months, ensuring a smooth transition for both teams. The integration of Pioneer’s crude oil trading team into Exxon’s global trading organization will further enhance the company’s trading capabilities.
Additionally, Exxon will streamline logistics by moving Pioneer’s oil into its existing pipeline network, connecting production volumes to downstream facilities on the U.S. Gulf Coast. This strategic alignment will optimize supply chain operations and enhance market access for Exxon’s products.
Overall, the acquisition of Pioneer Natural Resources represents a significant milestone for Exxon Mobil, positioning the company for sustained growth and operational excellence in the Permian basin.
(Reporting by Sabrina Valle; editing by Gary McWilliams and Marguerita Choy)
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Exxon’s Road to Success: Navigating the Pioneer Purchase for Full Stride in 18-24 Months
Controversy Arises Over Slimy Beer: Mucus-Like Substance Found in Canned Alcohol
Slimy beer posted by Mr. A. Still from JTBC’s ‘Case Leader’
Controversy arose after a famous brand of canned beer produced thick mucus-like snot.
According to JTBC’s ‘Case Manager’ on the 3rd, informant A found mucus-like mucus in a can of beer bought at a warehouse-like supermarket last month.
Mr A bought three boxes of 24 cans of beer and stored them in the fridge Recently, he opened one can and was surprised to see yellow slime flowing out when he poured it into a glass.
He smelled the slime, but there was no specific smell.
As a result of checking the production date of the beer contained in the same box, it started with the same product number. It is assumed that abnormal products can be mixed among the remaining beer.
Slimy beer posted by Mr. A. Still from JTBC’s ‘Case Leader’
In an interview with the media, Mr A said, “(The mucus flowing down from the beer can) looked like snot at first, but over time it became like snot.”
Mr. to the headquarters that produced the beer. The head office representative explained that there could be a problem during the process of loading and unloading the product. If air enters a crevice created by dropping a can during the dispensing process, air and protein can combine to form this type of slime.
However, Mr. And that there were no dents in the can. The manufacturer told me to throw away the beer I had bought and brought me a new beer of the same brand.
Cha Yun-hwan, a doctor in food and biotechnology, looked at the beer in question and said, “It seems that the thickener or other protein ingredients were not mixed properly. It’s not toxic, but it seems the manufacturer needs to take action.”
The slimy beer posted by Mr. Community capture online
This is not the first time there has been controversy about the mucilage in beer. On the 27th of last month, netizen B posted a post on an online community titled, ‘Mucus like snot comes out of beer.’ It is known that Mr. B also bought the same brand of beer that Mr. A.
Mr. said B, “The same slime came out of the beer twice recently. “I feel uncomfortable,” he said. In the attached picture, a very sticky liquid is flowing out of the beer can.
In the comments, several netizens said they witnessed the same situation when drinking the brand’s beer. Another netizen also explained that the manufacturing date was last March.
Choi Jae-ho, Donga.com reporter [email protected]
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Controversy Arises Over Slimy Beer: Mucus-Like Substance Found in Canned Alcohol