Vietnam Business News

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• Barclays: Gold bullish on further central bank buying, healthy ETF demand
• Surging gold prices push Indians to rein in, recycle
• Silver’s big picture outlook
• Gold likely to be higher at year’s end
• BNP cut its 2012 price forecast to $2,025 per ounce
• Platinum: the “cheapest” precious metal…
• US Gold Corp completed a PFS on its Gold Bar mining project
• Will gold and silver bounce back in 2012?
• Silver drops on profit taking, gold ends almost flat
• China’s September gold purchases leap sixfold

Barclays: Gold bullish on further central bank buying, healthy ETF demand Posted: 03 Dec 2011 11:05 PM PST Gold took a break from its upward momentum over the past week and finished relatively flat on the day at $1744.39/oz, while Silver came off by 0.2% to $32.74/oz. Now Barclays remains positive on gold as the macro backdrop remains supportive for prices, while investment demand continues to be healthy. Gold's ETPs saw a net [...]

Surging gold prices push Indians to rein in, recycle Posted: 03 Dec 2011 11:00 PM PST Simone Bora is contemplating the unthinkable — an Indian wedding without lavish amounts of gold after record high prices and a sinking rupee have dimmed her hopes of sparkling at the party. “We need to think whether to buy gold or not because nearly 30,000 rupees for 10 grams is too much,” Bora said in [...]

Silver’s big picture outlook Posted: 03 Dec 2011 10:51 PM PST The price of Silver has been in correction mode since its peak this Spring. We don’t hear about it every day like we did back then. People don’t get as offended these days when you say something negative about the metal. It seems like some of the sex appeal has worn off a bit. So [...]

Gold likely to be higher at year’s end Posted: 03 Dec 2011 10:50 PM PST Sentiment conditions continue to support higher gold prices. It was one month ago that I last devoted a column to gold market sentiment, reporting that bullishness had dropped to its lowest level in two-and-a-half years. Though gold did rise $150 an ounce over the subsequent two weeks, bullion today is only modestly higher than then. [...]

BNP cut its 2012 price forecast to $2,025 per ounce Posted: 03 Dec 2011 10:49 PM PST The growing demand for Gold bars and coins reflects safe haven demand, while exchange-traded fund buying in November has recorded inflows, said Anne-Laure Tremblay, precious metals strategist at BNP Paribas. According to Tremblay, the sell-off in gold holdings may have occurred in the over-the-counter market, which is dominated by institutional participants. The decline in exposure [...]

Platinum: the “cheapest” precious metal… Posted: 03 Dec 2011 10:30 PM PST Historically, precious metals (such as gold & silver for example) had an important role as currency, but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. With the ongoing crises in the Western World, precious metals are regaining their role as "currency", as [...]

US Gold Corp completed a PFS on its Gold Bar mining project Posted: 03 Dec 2011 10:10 PM PST US Gold Corp said on Monday it has completed a preliminary feasibility study (PFS) on its Gold Bar mining project in Nevada. The study indicates that the mine could potentially produce 51,000 ounces of gold annually over an eight-year period at cash costs of $665 an ounce. Initial capital expenditure at Gold Bar is expected [...]

Will gold and silver bounce back in 2012? Posted: 03 Dec 2011 10:07 PM PST As the market sloshes around, Gold is searching for its identity. It has played currency hedge and equity adeptly at different times this year. While other investors wade through the confusion, Brian Ostroff, managing director of Montreal-based Windermere Capital, is taking the opportunity to snatch up gold mining equities that have been quietly performing under the radar. [...]

Silver drops on profit taking, gold ends almost flat Posted: 03 Dec 2011 09:26 PM PST Silver prices dropped at the bullion market on Saturday on heavy speculative profit selling on the back of subdued industrial demand. Gold, on the other hand, witnessed lacklustre trade and ended largely flat. Silver ready (.999 fineness) fell by Rs 555 to close at Rs 56,315 per kg from overnight closing level of Rs 56,870. [...]

China’s September gold purchases leap sixfold Posted: 03 Dec 2011 09:14 PM PST The regulations passed by the Chinese authorities to encourage gold trading over the past year appear to be working. Gold purchases in China via Hong Kong hit a record 56.9 tonnes in the month of September, registering a six fold increase year on year. Data from the Hong Kong government showed that the Chinese mainland [...]

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