Vietnam Business News

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• Gold likely to be stronger than other commodities in 2012
• Could gold confiscation become a reality?
• Gold futures likely to edge up on Monday morning
• Decline in gold prices was inevitable
• Gold to test resistance, slide
• Gold losing its shine, price may drop further
• Gold, silver finish record-breaking year with modest gains
• N.Korea to issue gold and silver coins to mark the 20th anniversary of late leader
• Five factors affecting the gold price
• Gold may decline further in early 2012

Gold likely to be stronger than other commodities in 2012 Posted: 02 Jan 2012 12:45 AM PST Gold was the winner in the global market of widely traded commodities this year and is likely to be stronger than other commodities in 2012. The yellow metal was a clear winner, given its safe haven status and heightened risk aversion of global market players. As the risk of a European debt crisis continues to [...]

Could gold confiscation become a reality? Posted: 02 Jan 2012 12:00 AM PST There is increasing worry that The U.S. and other governments may confiscate citizens’ gold holdings and use them to help mitigate the Global Financial Crisis. Julian Phillips discusses. Many of the leading fund managers in the U.S. and elsewhere are expecting that governments will confiscate their citizen’s gold. This will not be for the same [...]

Gold futures likely to edge up on Monday morning Posted: 01 Jan 2012 11:30 PM PST Gold futures are likely to edge up on Monday morning on a decline in the rupee and as the key overseas metals markets were closed, analysts said. On Saturday, the most-active gold for February delivery on the Multi Commodity Exchange (MCX) ended at 27,329 rupees per 10 grams. The rupee plays an important role in determining the landed cost of [...]

Decline in gold prices was inevitable Posted: 01 Jan 2012 11:00 PM PST Just about a little more than three months ago, Frank Holmes, CEO of U.S. Global Investors, predicted that based on careful evaluation of the gold investment market a 10 percent decrease of gold prices was imminent. "Back on August 22, I wrote that gold was due for a correction and that it would be a [...]

Gold to test resistance, slide Posted: 01 Jan 2012 10:10 PM PST Comex gold futures ended higher on Friday on short-covering, however, focus in the first quarter of 2012 will undoubtedly remain Europe, where concerns over the sovereign crisis will continue to weigh on markets. Gold, even with a 20 per cent pullback has been one of the best performers among all commodities this year. Bullion posted [...]

Gold losing its shine, price may drop further Posted: 01 Jan 2012 09:20 PM PST GOLD’S 20-day moving average falling below its 200-day and its brief foray into a bear market suggest momentum has turned bearish and a further pullback could be on its way. Bullion’s 20-day moving average (DMA) dipped below its 200 DMA last Thursday, in what technical analysts termed a “death cross”, as the short-term momentum has [...]

Gold, silver finish record-breaking year with modest gains Posted: 01 Jan 2012 01:56 PM PST Gold and silver concluded its final trading session of the record-setting year on a modestly positive note at the domestic bullion hub here today. The yellow-metal firmed up on sustained investment as well as jewellery demand supported by bullish overseas cues. Silver too attracted some stray buying interest to move up marginally. Standard gold of [...]

N.Korea to issue gold and silver coins to mark the 20th anniversary of late leader Posted: 01 Jan 2012 12:45 PM PST North Korea said on Saturday it will issue gold and silver coins to mark the 20th anniversary of late leader Kim Jong Il’s ascension to the supreme commander of the communist nation’s armed forces. Pyongyang’s Korean Central News Agency made the announcement minutes after Kim’s successor son, Jong Un, took over the supreme commandership in [...]

Five factors affecting the gold price Posted: 01 Jan 2012 11:15 AM PST Gold is a precious metal with which mankind has had a long and illustrious relation and continues to do so. Gold served as money until other forms of currency were devised and even now gold is bought as an investment. The innate high value of gold makes it a reliable form of wealth, no matter the conditions. [...]

Gold may decline further in early 2012 Posted: 01 Jan 2012 10:39 AM PST After falling $350 an ounce from their all-time highs, Gold prices could see further weakness in the start of 2012, said Mike Zarembski, senior commodity analyst, optionsXpress. "Not only has gold begun to lose some of its 'safe-haven' luster, but several key technical indicators look to be pointing to even lower prices at the start [...]

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