Vietnam Business News

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• Sudan’s gold production likely to hit 74 tons this year
• Top seven mistakes people make when buying gold
• Gold, silver trendlines for investors
• Jim Rogers would rather own Silver or rice as assets
• Silver develops an inside bar under $33.21
• African Barrick Gold will fall short of its 2011 production target
• India: Gold prices encountered profit- taking at the bullion market
• Gold rallied but remained on track for a 1.5 percent decline this week
• Thailand gold prices for Dec 10
• Gold for February delivery settled $3.40 higher at $1,716.80 an ounce

Sudan’s gold production likely to hit 74 tons this year Posted: 10 Dec 2011 02:19 AM PST North Africa’s Sudan said its gold production is likely to hit 74 tons this year. According to country’s minerals ministry, small-scale prospectors are expected to contribute about 60 tonnes to this year’s total output. The ministry has issued many regulations systemizing traditional mining and plans to offer incentives to small-scale prospectors to attract them to [...]

Top seven mistakes people make when buying gold Posted: 10 Dec 2011 02:16 AM PST Acquiring Gold is becoming trendier as time goes on. Purchasing gold adds an assured guarantee that in the face of economic concerns, you will have a viable and reasonable return on your investment. Gold bars and coins are considered one of the more popular investments. There are a few mistakes that people make when purchasing gold and [...]

Gold, silver trendlines for investors Posted: 10 Dec 2011 02:14 AM PST After hitting their lows in October, Gold, Silver and Crude Oilhave been trading higher with crude oil being the biggest gainer. The main macro-economic spotlight is in Europe, specifically the EU leaders summit. Failure to devise a market-assuring plan can cause commodities as a whole to collapse- includingGold as seen previously in September. Trendline formations Crude oil [...]

Jim Rogers would rather own Silver or rice as assets Posted: 10 Dec 2011 02:01 AM PST Stating that he'd rather own Silver or rice as assets, legendary investor Jim Rogers indicated that the coming years will be filled with political turmoil and economic uncertainty. In a Newsmax interview, Rogers says ""If you can get the right farmland I would suspect farmland would continue to be a wonderful place to continue to [...]

Silver develops an inside bar under $33.21 Posted: 10 Dec 2011 01:30 AM PST Can Mondays market bring a Silver breakout ? Silver has continued its steady decline by printing lower lows from its April 25th high of $49.78 an oz. However, since this high was printed volatility has also declined as measured by ATR. ATR is an indicator that is designed to help traders view the differences between assets [...]

African Barrick Gold will fall short of its 2011 production target Posted: 10 Dec 2011 12:56 AM PST African Barrick Gold said it will fall short of its 2011 production target because of escalating power disruptions to national grid electricity supply in Tanzania. The FTSE 250 miner said it had lost an estimated 35,000-40,000 ounces of gold production this year due to power related issues with most of the disruption affecting its Buzwagi mine. “The [...]

India: Gold prices encountered profit- taking at the bullion market Posted: 09 Dec 2011 11:58 PM PST Gold prices encountered profit- taking at the bullion market here on Friday on hectic selling by stockists amid subdued jewellery offtake at higher levels on the back of overnight sell-off in global markets. Silver also dropped on speculative offloading in view of reduced industrial demand. Standard gold of 99.5 per cent purity dropped by Rs [...]

Gold rallied but remained on track for a 1.5 percent decline this week Posted: 09 Dec 2011 11:55 PM PST Gold rallied on Friday in line with a jump in the euro, but remained on track for a 1.5 percent decline this week as investors remained doubtful over the outcome of a key European Union summit aimed at resolving the two-year-old debt crisis. EU leaders agreed stricter budget rules for the euro zone on Friday, but [...]

Thailand gold prices for Dec 10 Posted: 09 Dec 2011 09:53 PM PST The Gold Traders Association this morning set the buying price at 24,635.00 baht per baht-weight for gold ornaments and 25,000 baht per baht-weight for gold bar. The selling prices were set at 25,500 baht per baht-weight for gold ornaments, and 25,100 baht per baht-weight for gold bar.

Gold for February delivery settled $3.40 higher at $1,716.80 an ounce Posted: 09 Dec 2011 09:53 PM PST Gold futures settled modestly higher on Friday but the mild gains were not enough to erase weekly losses of 2%. It was choppy trading for gold after European leaders failed to secure unanimous support for a new fiscal treaty but vowed to pursue an intergovernmental deal without all members. Then prices held on to a [...]

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