Vietnam Business News

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• U.S. gold gained 0.3 percent to $1,618.20
• Vietnam’s gold export estimated at 35-38 tonnes in 2011
• 2012 gold market outlook
• US Mint Silver Eagle sales jump 88% to a record 3.2 million on first day of 2012
• Stock market’s Tet holiday would last until June?
• 2011 – a year full of ups and downs of the richest stock millionaire
• A tough year squeezing many brave investors
• Gold at best in 2 weeks, regains safe-haven status
• Should you worry about gold confiscation?
• Spot gold edged up 0.4 percent to $1,616.80 an ounce on Thursday

U.S. gold gained 0.3 percent to $1,618.20 Posted: 05 Jan 2012 01:00 AM PST Gold traded steady on Thursday, near a 2-1/2-week high hit in the previous session, as investors awaited a French bond auction later in the day to gauge the scope of the euro zone debt crisis and watched developments on Iran. Gold rose with oil in the previous session, breaking its lockstep with the euro, after the [...]

Vietnam’s gold export estimated at 35-38 tonnes in 2011 Posted: 05 Jan 2012 12:45 AM PST Vietnam’s export for gold and its products (called gold) in 2011 was estimated at about $2.1 billion while the country’s import value from gold in 2011 was estimated at $1.9 billion, the local newspaper VnEconony cited leader of General Statistics Office (GSO), Le Thi Minh Thuy, as saying on January 3, 2012. Basing on the [...]

2012 gold market outlook Posted: 05 Jan 2012 12:30 AM PST All things considered, gold was a strong performer in 2011. Investing in the metal was undeniably a volatile ride that included some steep declines. Still, when compared to global indexes, gold proved it still has star power. The majority of professional market watchers appear to believe that 2012 will be another good year for gold. But, [...]

US Mint Silver Eagle sales jump 88% to a record 3.2 million on first day of 2012 Posted: 05 Jan 2012 12:21 AM PST The US Mint has started 2012 with a bang, selling close to a jaw-dropping 3.2 million Silver Eagles on the very first working day of 2012. Considering that total 2011 sales had stood at around 39.8 million, the January 3rd sale is almost 8% of entire 2011 sale and higher than any single monthly sale in all [...]

Stock market’s Tet holiday would last until June? Posted: 05 Jan 2012 12:18 AM PST Securities trading floors have more and more poorly patronized, which has made people worried that the stock market's Tet holiday may not last 9 days, but six months long. If so, it would be very difficult to resume the market operation. The Vietnamese stock market has been facing a lot of difficulties and challenges, including [...]

2011 – a year full of ups and downs of the richest stock millionaire Posted: 05 Jan 2012 12:18 AM PST The total asset of one trillion dong has helped Pham Nhat Vuong, the owner of Vingroup, consolidate his position as the richest person on the stock market. However, the "mysterious businessman" had to experience many difficulties in the year. Vuong has been called "mysterious businessman" because, though being well- known as the owner of one [...]

A tough year squeezing many brave investors Posted: 05 Jan 2012 12:18 AM PST It is a sign of the times that stock market conversations, all the rage not that long ago, are no longer in vogue. "Oh please say no more about securities. Let's talk about something more interesting," Van Minh Hoang, an investor with An Binh Securities, cried out in a Hanoi café with crooked smile after [...]

Gold at best in 2 weeks, regains safe-haven status Posted: 05 Jan 2012 12:16 AM PST Gold futures on Wednesday rose to their highest in two weeks, drawing strength from safe-haven buying as investors remained concerned about Iran and the euro zone. Gold for February delivery  rose $12.20, or 0.8%, to $1,612.70 an ounce on the Comex division of the New York Mercantile Exchange. That was gold's highest settlement since Dec. 21. [...]

Should you worry about gold confiscation? Posted: 05 Jan 2012 12:01 AM PST 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 reasons used in 1933. It will be to facilitate loans, swaps lower interest rates, and shore up international confidence in the turbulent, stressed paper-currency world in which we [...]

Spot gold edged up 0.4 percent to $1,616.80 an ounce on Thursday Posted: 05 Jan 2012 12:00 AM PST Gold traded steady on Thursday, near a 2-1/2-week high hit in the previous session, as investors awaited a French bond auction later in the day to gauge the scope of the euro zone debt crisis and watched developments on Iran. Gold rose with oil in the previous session, breaking its lockstep with the euro, after the [...]

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