Vietnam Business News

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• Gold on course for its first quarterly fall since end-September 2008
• Gold and silver prices continued to tumble in India
• U.S. gold rose 0.6 percent to $1,587.30
• Certification a must for apartment building management
• Vingroup inaugurates Vincom Centre Long Bien
• Vinaconex Xuan Mai participates in building society houses
• Paulson’s bright spot may fade as gold plunges
• Gold and silver prices battered lower in liquidity panic
• Gold volatility here to stay

Gold on course for its first quarterly fall since end-September 2008 Posted: 16 Dec 2011 01:17 AM PST A dash for cash has overwhelmed gold’s traditional status as a haven from risk, putting the metal on course for its first quarterly fall since end-September 2008, when the global credit crunch was at its worst. Investors said gold could continue its slide through to the end of 2011 as they liquidate positions in a [...]

Gold and silver prices continued to tumble in India Posted: 16 Dec 2011 01:03 AM PST Gold and silver prices continued to tumble in India, tracking weak global trends, but the slide failed to improve physical buying in the largest gold market. On the Multi Commodity Exchange of India (MCX) gold for February delivery was seen trading at Rs 27,902 per ten grams at 4.00 p.m India time after hitting as [...]

U.S. gold rose 0.6 percent to $1,587.30 Posted: 16 Dec 2011 12:51 AM PST Spot gold rallied 1 percent on Friday as a smooth Spanish bond auction and upbeat U.S. jobs data supported sentiment, but prices were on track for their biggest weekly drop in nearly three months on a year-end flight to cash. Solid demand for Spain’s bond auction on Thursday and data showing U.S. jobless claims at [...]

Certification a must for apartment building management Posted: 16 Dec 2011 12:24 AM PST Starting from January 9 next year, apartment building managers must undergo training to achieve certifications issued by the Ministry of Construction, according to Circular 14/2011/TT-BXD recently released by the ministry. Accordingly, those obliged to participate in the training programme include boards of directors from apartment management enterprises, heads of the divisions of technology, security, fire [...]

Vingroup inaugurates Vincom Centre Long Bien Posted: 16 Dec 2011 12:24 AM PST Vincom Centre Long Bien – the largest complex of trade centre, recreation, gastronomy centres on the northern part of Red River would be officially inaugurated on December 24, 2011. With total area of 45,000 square metres in five storeys, there would be shops of many famous trademarks in Vincom Centre Long Bien such as Carlo [...]

Vinaconex Xuan Mai participates in building society houses Posted: 16 Dec 2011 12:24 AM PST Dang Hoang Huy, director of Vinaconex Xuan Mai Joint Stock Co. (XMC) announced that the company has recently submitted bidding profile for building 3,000 low-cost apartments in Binh Duong province in 2012. Becamex Corp was the main investor for this project. The price for each apartment would be around 150 million dong, to be offered [...]

Paulson’s bright spot may fade as gold plunges Posted: 16 Dec 2011 12:06 AM PST John Paulson, the hedge-fund manager enduring the worst year in his career, may be facing a final blow from this month's selloff in gold, an investment that mitigated losses at his $28 billion firm earlier in 2011. The SPDR Gold Trust (GLD) exchange-traded fund, of which Paulson was the largest shareholder as of Sept. 30, fell 10 [...]

Gold and silver prices battered lower in liquidity panic Posted: 16 Dec 2011 12:05 AM PST During yesterday’s trading session precious metal prices were battered lower, as the markets reacted negatively to the – perceived – ongoing inertia at the Fed and European Central Bank. Many investors are worried that these banks are being too reserved in their approach to the threat of deflation. More and more voices are calling for [...]

Gold volatility here to stay Posted: 16 Dec 2011 12:05 AM PST SPOT MARKET gold prices climbed to $1594 an ounce by Thursday lunchtime in London – 1.9% up on this morning’s low – while stocks and commodities also regained some ground after recent heavy losses. Silver prices gained 2.7% to around 29.20 per ounce – still a 9.4% loss from last week’s close. Despite Thursday morning’s rally, gold prices too [...]

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