Vietnam Business News

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• U.S. gold futures rose $22 an ounce to $1,707.7 an ounce
• Gold price surges to Rs 21,360
• Gold prices are heading to $3,000 an ounce according to Cross Border Capital’s Michael Howell
• Spot gold added $15.00 an ounce to $1,694.15 an ounce
• Gold futures up 0.87% tracking a rebound in global markets
• Silver shot up by RS 745 to Rs 55,074 per kg on Monday trading
• Gold jumps 1 pct on euro, Italy aid hopes
• Vietnam Gold Increases to VND45.07Mln/Tael on Monday morning
• Vietnam central bank net injects vnd5.162 tln on omo in week ending nov 25
• Interbank trading dong +24%, dollar -12% in week ending nov 18

U.S. gold futures rose $22 an ounce to $1,707.7 an ounce Posted: 28 Nov 2011 12:52 AM PST Gold gained more than 1 percent to above $1,700 an ounce on Monday as the euro rose on hopes Europe will take a bolder step to resolve a crippling debt crisis, while a recovery in equities also prompted buying from investors. Mood was lifted by a report in Italian newspaper La Stampa suggesting the International [...]

Gold price surges to Rs 21,360 Posted: 28 Nov 2011 12:03 AM PST KERALA -The gold price surged to a new all-time high Monday rising to Rs 21, 360 per eight grams. An increase of Rs 80 was recorded today. The price per gram is Rs 2670 after an increase of Rs 10. The hike is seen as a reflection of the surging price in the international market.

Gold prices are heading to $3,000 an ounce according to Cross Border Capital’s Michael Howell Posted: 27 Nov 2011 11:59 PM PST Gold prices are heading to $3,000 an ounce according to Cross Border Capital's Michael Howell. In a presentation at the Citywire Cabinetevent, held last week at the Merchant Taylor’s Hall in London, he said that the US Federal Reserve has embarked on a policy of inflating the US economy out of debt by devaluing the dollar against [...]

Spot gold added $15.00 an ounce to $1,694.15 an ounce Posted: 27 Nov 2011 11:55 PM PST Gold gained more than 1 percent to above $1,700 an ounce on Monday as the euro rose on hopes Europe will take a bolder step to resolve a crippling debt crisis, while a recovery in equities also prompted buying from investors. Mood was lifted by a report in Italian newspaper La Stampa suggesting the International [...]

Gold futures up 0.87% tracking a rebound in global markets Posted: 27 Nov 2011 11:03 PM PST Gold futures prices staged a comeback to trade 0.87 per cent higher at Rs 28,657 per 10 grams today, tracking a rebound in global markets as a weak dollar raised demand for the precious metal. At the Multi Commodity Exchange, gold for delivery in December shot up by Rs 248, or 0.87 per cent, to Rs 28,657 [...]

Silver shot up by RS 745 to Rs 55,074 per kg on Monday trading Posted: 27 Nov 2011 11:01 PM PST Silver prices rose as much as 1.37 per cent to Rs 55,074 per kg in futures trading today, as speculators enlarged their positions, driven by a rebound in global markets. At the Multi Commodity Exchange, silver for delivery in December shot up by RS 745, or 1.37 per cent, to Rs 55,074 per kg, with a business [...]

Gold jumps 1 pct on euro, Italy aid hopes Posted: 27 Nov 2011 10:57 PM PST Gold gained more than 1 percent to above $1,700 an ounce on Monday as the euro rose on hopes Europe will take a bolder step to resolve a crippling debt crisis, while a recovery in equities also prompted buying from investors. Mood was lifted by a report in Italian newspaper La Stampa suggesting the International [...]

Vietnam Gold Increases to VND45.07Mln/Tael on Monday morning Posted: 27 Nov 2011 10:53 PM PST Vietnam gold increased VND0.72 million a tael from Sunday to close at VND45.07 million a teal on Monday. World gold lost in New York last Friday and jumped this morning in Asia trade. SJC Hanoi quoted at VND44.85 million/tael for bid, and VND45.07 million/tael for bid and ask, respectively as of 8:52, Hanoi time. SJC [...]

Vietnam central bank net injects vnd5.162 tln on omo in week ending nov 25 Posted: 27 Nov 2011 10:52 PM PST The State Bank of Vietnam net pumped VND1.166 trillion on open market operations from Nov 21 to Nov 25. The State Bank of Vietnam, the country's central bank, net pumped VND1.166 trillion on open market operations from Nov 21 to Nov 25, as compared to the net injection of VND2.773 trillion in the week ending [...]

Interbank trading dong +24%, dollar -12% in week ending nov 18 Posted: 27 Nov 2011 10:52 PM PST The total interbank trading value of the dong rose 45% to VND167.916 trillion from VND135.821 trillion in the week ending Nov 18, while that of the dollar dropped 28% to VND52.111 trillion from VND59.056 trillion. The total interbank trading value of the dong rose 45% to VND167.916 trillion from VND135.821 trillion in the week ending [...]

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