Vietnam Business News

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• Gold futures edged slightly lower in electronic trading in Asia on Friday
• Spot gold slipped 0.01 percent to $1,694.19 an ounce
• Both gold and silver drifted today
• Nov 25: Vietnam gold increases to VND44.82Mln/Tael, Dollar stable
• Biggest gold hoard ever bolstering bullish bets from traders
• U.S. gold for December contract hardly changed at $1,695.3 ounce
• Silver futures prices fell by 1.15 per cent on weak global cues
• Gold inched down on Friday, heading for its second weekly fall
• Nickel prices eased by 0.08% to Rs 912.90 per kg in futures trade today
• Gold futures extended declines in electronic trading Thursday

Gold futures edged slightly lower in electronic trading in Asia on Friday Posted: 25 Nov 2011 12:30 AM PST Gold futures edged slightly lower in electronic trading in Asia on Friday, with prices hovering near the $1,700 an ounce level amid a lack of cues to drive trading following the Thanksgiving holiday in the U.S. Gold for December  was down 50 cents, or 0.03%, at $1,695.40 per ounce on the New York Mercantile Exchange during [...]

Spot gold slipped 0.01 percent to $1,694.19 an ounce Posted: 24 Nov 2011 11:52 PM PST Gold was barely changed at below $1,700 an ounce on Friday, heading for its second straight weekly fall, as the euro extended losses on growing fears the two-year-old debt crisis in Europe would drag on and eventually trigger a credit crunch. Instead of rising in times of uncertainty, gold safe-haven appeal was robbed by declines [...]

Both gold and silver drifted today Posted: 24 Nov 2011 11:45 PM PST Both the precious metals, gold and silver, drifted today on reduced offtake by stockists and jewellers at prevailing high levels amid a weakening global trend. While gold fell by Rs 150 to Rs 29,090 per 10 grams, silver lost Rs 1,170 to Rs 55,230 per kg. Traders said fall in demand at prevailing higher levels and reports [...]

Nov 25: Vietnam gold increases to VND44.82Mln/Tael, Dollar stable Posted: 24 Nov 2011 11:00 PM PST Vietnam gold increased VND0.57 million a tael from Thursday close to VND44.82 million/tael on Friday morning. The world gold steadies, local dollar prices were still kept at VND20,803 for 4 weeks. SJC Hanoi quoted at VND44.60 million/tael for bid, and VND44.82 million/tael for bid and ask, respectively as of 9: 27 Hanoi time. SJC in [...]

Biggest gold hoard ever bolstering bullish bets from traders Posted: 24 Nov 2011 10:58 PM PST Gold traders are more bullish after investors accumulated the biggest-ever hoard of the metal, with Europe's deepening debt crisis driving them to protect their wealth with this year's second-best performing commodity. Eighteen of 26 surveyed by Bloomberg expect bullion to rise next week.Holdings in exchange-traded products backed by gold reached a record 2,350.8 metric tons on [...]

U.S. gold for December contract hardly changed at $1,695.3 ounce Posted: 24 Nov 2011 10:55 PM PST Gold was barely changed at below $1,700 an ounce on Friday, heading for its second straight weekly fall, as the euro extended losses on growing fears the two-year-old debt crisis in Europe would drag on and eventually trigger a credit crunch. Instead of rising in times of uncertainty, gold safe-haven appeal was robbed by declines [...]

Silver futures prices fell by 1.15 per cent on weak global cues Posted: 24 Nov 2011 10:44 PM PST Silver futures prices fell by 1.15 per cent to Rs 55,205 per kg today, after traders reduced their positions amid a weak trend in global markets. On the Multi Commodity market, silver for December contract fell sharply by Rs 641, or 1.15 per cent, to Rs 55,205 per kg, with a business turnover of 2,506 lots. [...]

Gold inched down on Friday, heading for its second weekly fall Posted: 24 Nov 2011 10:30 PM PST Gold was barely changed at below $1,700 an ounce on Friday, heading for its second straight weekly fall, as the euro extended losses on growing fears the two-year-old debt crisis in Europe would drag on and eventually trigger a credit crunch. Instead of rising in times of uncertainty, gold safe-haven appeal was robbed by declines [...]

Nickel prices eased by 0.08% to Rs 912.90 per kg in futures trade today Posted: 24 Nov 2011 10:10 PM PST Nickel prices eased by 0.08% to Rs 912.90 per kg in futures trade today, as speculators booked profits at existing higher levels, driven by sluggish demand from alloy-makers in the spot market. At the Multi Commodity Exchange, the December nickel declined by 70 paise, or 0.08%, to Rs 912.90 per kg, with a business turnover [...]

Gold futures extended declines in electronic trading Thursday Posted: 24 Nov 2011 10:01 PM PST Gold futures extended declines in electronic trading Thursday, and most other metals traded down ahead of the Thanksgiving holiday in the U.S. Gold for December delivery   declined $6.50, or 0.4%, to settle at $1,695.90 an ounce on the New York Mercantile Exchange during Asian trading hours. The metal's safe-haven appeal has diminished recently, and has [...]

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