Retail News CRM

Tag: stout

  • Vietnam Gold Prices Succumb to Global Decline Amid Strong Dollar and Stout Job Reports

    Vietnam Gold Prices Succumb to Global Decline Amid Strong Dollar and Stout Job Reports

    On Monday, the price of gold in Vietnam experienced a decline, mirroring a drop in global bullion rates. This downward trend was seen when the Saigon Jewelry Company lowered the price of its gold bars by 0.8%, or to VND173.1 million (US$6,571.64) per tael. This adjustment has prompted other sellers to revise their rates in alignment. Currently, local bullion prices are approximately VND25 million per tael higher than international rates.

    Decline in Gold Ring Prices

    The price of gold rings also decreased, sliding to VND172.9 million per tael. It should be noted that a tael is approximately 37.5 grams or 1.2 ounces.

    Global Gold Price Trends

    On a global scale, gold prices also fell on Monday. This decrease was influenced by a stronger dollar, the continued impact of the Iran war on oil prices, and stronger-than-expected U.S. jobs data. These factors lowered expectations for interest rate cuts by the Federal Reserve.

    Spot gold reduced by 0.9%, falling to $4,631.69 per ounce. Additionally, U.S. gold futures for April delivery saw a loss of 0.5%, dropping to $4,657.50 per ounce. This trading activity took place in thin liquidity conditions, with many markets in Asia and Europe closed for a holiday.

    “The latest robust NFP (nonfarm payrolls) print has reinforced hawkish central bank nerves. In addition, the ongoing fear of inflation driven by high oil prices continues to overshadow gold’s traditional role as a safe haven,” stated Tim Waterer, chief market analyst at KCM Trade.

    Historically, gold has been considered a protection against inflation. However, increased interest rates tend to reduce demand for this non-yielding asset.

    Questions & Answers

    What factors contributed to the fall in gold prices?
    The decline in gold prices was influenced by a stronger dollar, the ongoing Iran war’s effect on oil prices, and stronger-than-expected U.S. jobs data. These factors reduced expectations for interest rate cuts by the Federal Reserve.

    How did the price change affect the trading of gold?
    The decrease in gold prices led to a reduction in the trading of spot gold and U.S. gold futures for April delivery. Both saw declines in their respective rates.

    What is the traditional role of gold in the economy?
    Traditionally, gold is seen as a hedge against inflation. However, in situations of elevated interest rates, the demand for this non-yielding asset tends to decrease.

  • Nomad Brewing and Darrell Lea create liquorice Stout

    Nomad Brewing and Darrell Lea create liquorice Stout

    Liquorice-loving dads have a lot to look forward to this Father’s Day.

    Aussie chocolatier Darrell Lea has teamed up with Nomad Brewing Co in Sydney’s Northern Beaches to create a new brew distilled from chocolate bullets.

    The limited-edition dark chocolate licorice stout is described as tasting “rich and creamy” and  “beautifully bitter”.

    “We know people who love our liquorice are passionate advocates for the flavor which some may consider being controversial, so we wanted to breathe some new life into it with the Batch 37 Dark Chocolate Liquorice Milk Stout which has real Milk Chocolate Bullets and Batch 37 Liquorice in the brew,” Darrell Lea’s general manager of marketing, Johanna Campbell said.

    “Many dads are big fans of our licorice products, and what better way to say cheers to our dads than combining two of their favorite things?”

    The limited-edition Darrell Lea Batch 37 Dark Chocolate Liquorice Stout is available to purchase online at nomadbrewingco.com.au for $11 per can or $45 per 4-pack, plus you’ll also receive a free bag of Darrell Lea Batch 37 Licorice gift with every purchase.

  • Coopers says stout sales are nudging levels not seen since the 1950s

    Coopers says stout sales are nudging levels not seen since the 1950s

    Australian independent brewery, Coopers, reports the sales of its stout are the best in around 70 years. 

    Despite a pandemic-led drop in keg sales, figures released by the brewery show it sold 3.7 million liters of its Best Extra Stout last year, an increase of 10 percent from 2019.

    Coopers is releasing Best Extra Stout in 440ml cans next month, in time for an expected winter surge, joining the line of Coopers beers moving to a canned format during recent years.

    Coopers MD Dr Tim Cooper said the company expects the new can format would help build Stout’s resurgence and edge sales closer to 4 million for the first time in 70 years.

    “While our Stout has been in constant production since 1879, sales hit their peak in the 1950s when we were selling over 4 million liters annually,” said Cooper.

    “Demand for Stout declined after 1975, with sales dipping to below 2 million liters in the early 1990s. However, we’re now back amid a Stout revival, and the popularity of beer in cans is rising markedly,”

    Best Extra Stout is brewed using roasted malt with fruit and hints of chocolate, which the company says makes the beer taste great on its own or versatile enough to use as a mixer. 

    “We feel that releasing Best Extra Stout in a can format will make it even more appealing to new and seasoned lovers of this hearty brew,” said Cam Pierce, marketing and innovation director at Coopers.

    Coopers Best Extra Stout in matte black cans will be available in liquor outlets from June in four-packs and cartons. It is still available in bottle format and on tap.