Vietnam Business News

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• U.S. gold gained 0.6 percent to $1,723 in thin volume
• Silver miners should store reserves in the metal not cash, says Eric Sprott
• Spot gold rose as much as 0.7 percent to a more than one week high of $1,726
• Gold futures prices recovered by 0.78 per cent on firm global cues
• Gold added Rs 40, silver declined by Rs 150
• Gold steady above $1,700/oz, demand for cash key
• Spot gold could rise to $1,743 – technicals
• Gold price in Hong Kong closed at 15,860 HK dollars per tael
• Thailand gold prices for November 30
• Gold price expectations not yet breached 30,000-rupee level

U.S. gold gained 0.6 percent to $1,723 in thin volume Posted: 30 Nov 2011 12:00 AM PST Spot gold rose more than half a percent in thin trade on Wednesday, on course for a third consecutive session of gains, as investors continue to watch euro zone nations struggle to contain the region’s two-year-old debt crisis. European Central Bank governing council member Christian Noyer said the situation in Europe has significantly worsened, threatening global [...]

Silver miners should store reserves in the metal not cash, says Eric Sprott Posted: 29 Nov 2011 11:00 PM PST Silver miners should pay some thought to keeping some of their cash reserves in the metal, instead of selling it and putting the cash in the bank, Sprott Asset Management's Eric Sprott and David Baker said in a note on Tuesday. They argue that silver is undervalued, and will perform better than currencies as governments are forced [...]

Spot gold rose as much as 0.7 percent to a more than one week high of $1,726 Posted: 29 Nov 2011 11:00 PM PST Spot gold rose more than half a percent in thin trade on Wednesday, on course for a third consecutive session of gains, as investors continue to watch euro zone nations struggle to contain the region’s two-year-old debt crisis. European Central Bank governing council member Christian Noyer said the situation in Europe has significantly worsened, threatening global [...]

Gold futures prices recovered by 0.78 per cent on firm global cues Posted: 29 Nov 2011 10:55 PM PST Gold futures prices recovered by 0.78 per cent to Rs 28,887 per 10 grams today tracking a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in December gained Rs 224 or 0.78 per cent to Rs 28,887 per 10 grams with an open interest for 3,867 lots. Similarly, the metal for delivery [...]

Gold added Rs 40, silver declined by Rs 150 Posted: 29 Nov 2011 10:45 PM PST Gold extended gains for the third straight day by adding Rs 40 to Rs 29,220 per 10 grams today, on sustained buying by stockists for the ongoing marriage season amid firming global trend. However, silver lacked necessary follow up support at existing higher levels and declined by Rs Rs 150 to Rs 55,750 per kg. Gold remained in [...]

Gold steady above $1,700/oz, demand for cash key Posted: 29 Nov 2011 10:44 PM PST Gold steadied above $1,700 an ounce on Tuesday, a day after its second best session of the month, along with a recovery in risk assets such as stocks with which gold is trading more closely than at any time in the last year. Italy’s borrowing costs hit a euro lifetime peak of nearly 8 percent [...]

Spot gold could rise to $1,743 – technicals Posted: 29 Nov 2011 10:30 PM PST Spot gold rose more than half a percent in thin trade on Wednesday, on course for a third consecutive session of gains, as investors continue to watch euro zone nations struggle to contain the region’s two-year-old debt crisis. European Central Bank governing council member Christian Noyer said the situation in Europe has significantly worsened, threatening global [...]

Gold price in Hong Kong closed at 15,860 HK dollars per tael Posted: 29 Nov 2011 09:51 PM PST The gold price in Hong Kong fell 60 HK dollars toclose at 15,860 HK dollars per tael on Tuesday, according to the Chinese Gold andSilver Exchange Society. The price is equivalent to 1,707.91 U.S. dollars a troy ounce, down 6.46 U.S. dollars atthe latest exchange rate of one U.S. dollar against 7.795 HK dollars. – [...]

Thailand gold prices for November 30 Posted: 29 Nov 2011 09:44 PM PST The Gold Traders Association this morning set the buying price at 25,029.16 baht per baht-weight for gold ornaments and 25,400 baht per baht-weight for gold bar. The selling prices were set at 25,900 baht per baht-weight for gold ornaments, and 25,500 baht per baht-weight for gold bar.

Gold price expectations not yet breached 30,000-rupee level Posted: 29 Nov 2011 09:42 PM PST With prices near 30,000 rupees — viewed as the current ceiling because price charts indicate a stiff resistance level there after the Nov. 15 record of 29,212 rupees — Indians are turning in gold jewellery to melt down, temporarily reversing a long-term trend of falling scrap supply. “Current rupee prices provide an excellent opportunity for [...]

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