The State Bank has just announced the cancellation of the SJC gold bar auction scheduled to take place this morning (May 3), because only 1 unit submitted a bid form.
According to the announcement of the State Bank, the bidding session is expected to take place at 9:00 a.m. this morning at the Foreign Exchange Reserve Management Department, the bidding volume is 16,800 taels of SJC gold bars. The reference price to calculate the deposit is 82.9 million VND/tael.
The minimum bidding volume each member is allowed to buy is 14 lots (equivalent to 1,400 taels), the maximum bidding volume is 20 lots (equivalent to 2,000 taels).
The bidding price step is 10,000 VND/tael, the bidding volume step is 1 lot (100 taels).
This is not the first time the State Bank of Vietnam has announced the cancellation of a gold bar auction close to the scheduled time of the auction.
The most recent time, on April 25, the State Bank had to cancel the bidding session scheduled to take place that day, also because only one unit submitted a bid form.
To date, only one bidding session on April 23 has taken place as planned with the result that 2 members won the bid, with a total volume of 34 lots (3,400 tael). The highest winning bid price was 82.33 million VND/tael, the lowest winning bid price was 81.32 million VND/tael.
Regarding gold price developments this morning, the domestic SJC gold price continued to increase slightly, to over 85.2 million VND/tael.
At 10:33 on May 3, SJC’s 9999 gold price increased by 100,000 VND/tael in both buying and selling, to 85.3 million VND/tael (sold).
White House Celebrates Job Report Victory, But Uncertainty Looms Over Inflation and Interest Rates Before November
The Latest Job Report and Economic Implications
Photo Credit: Al Drago/Getty Images
People walk past the White House in Washington, DC, on April 14, 2024.
Analysis of the April Jobs Report
CNN —
The recent addition of 175,000 jobs in April by US employers has been described as a "Goldilocks" report by prominent economists. This signifies a balance between sustaining a healthy labor market and hinting at a potential interest rate cut by the Federal Reserve.
Internally at the White House, officials viewed the job creation data positively, aligning closely with their own targets for optimal job growth.
According to an anonymous official, the economy has consistently exceeded expectations in job creation, leading to a robust labor market and economic growth.
Economic Challenges and Voter Concerns
The surge in employment has triggered inflation due to increased consumer spending, causing financial strain on individuals facing rising prices for essential goods and services. This inflationary pressure has become a key concern for voters as the November election approaches.
Despite President Joe Biden's emphasis on economic progress, donors and advisors have urged him to address the electorate's frustrations over escalating living costs, highlighting the disconnect between job availability and affordability.
Anticipated Federal Reserve Actions
In response to inflation, the Federal Reserve is expected to initiate interest rate cuts in September, aiming to alleviate financial burdens on voters. Economist Mark Zandi emphasized the significance of certain economic thresholds, such as gas prices exceeding $4 and mortgage rates surpassing 8%, as potential challenges for Biden.
Biden's recent discussions on Federal Reserve policies mark a departure from his previous stance on central bank independence, reflecting a shift in strategy to address economic concerns.
Future Economic Outlook
Despite the positive job report, the White House remains cautious and vigilant in monitoring economic data to ensure alignment with the administration's goals. Officials emphasize the importance of observing inflation trends as a key indicator of economic stability.
Photo Credit: Mandel Ngan/AFP/Getty Images
President Joe Biden delivers a speech on his Investing in America agenda at the Wilmington Convention Center in Wilmington, North Carolina, on May 2, 2024.
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Review: Daiso Glass Coating Liquid for 110 yen – Pros and Cons of Liquid Screen Protection
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“ITmedia Mobile Weekly Top 10” aggregates the number of articles accessed each week on ITmedia Mobile and presents the top 10 articles. This time, we have collected and summarized the data for 7 days between April 25, 2024 and May 2, 2024.
Daiso glass coating fluid can be purchased for 110 yen.
The most viewed article was a review article of “Glass Coating Liquid” sold at Daiso (Daiso Sangyo) for 110 yen (tax included).
This glass coating liquid is a product intended to be applied to the surface of watch glass and smart glasses. If you look for it, you will find that several glass coating liquids have been produced that are intended to be applied to smartphones. Some repair shops also offer glass coating services.
It is a glass coating liquid to protect the screen and back of smartphones, but compared to glass (or plastic) protective films, itIt is difficult to understand that it is protected at first sight.There is an advantage. In one sense, it could be perfect for people who want to use their smartphones as they are.
On the other hand, protection by liquid coating can vary depending on the quality.Areas that are touched frequently can peel over time..Even if I want to remove it, I can’t remove it in the first place.You should also be aware of the disadvantages.
When applying a glass coating, make sure you consider the pros and cons before choosing.
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Review: Daiso Glass Coating Liquid for 110 yen – Pros and Cons of Liquid Screen Protection