Vietnam Business News

---

• ‘Dragons’ to lead China’s gold sales in 2012
• Gold could go to $1,200-$1,300 an ounce – Jim Rogers
• India fails to achieve gold imports mark of 1000 tons in 2011
• Gold: Bulls and bears; where next in 2012?
• Deutsche Bank lowered its 2012 forecasts for gold by 3.9% to $1,825/oz
• Gold and diamonds remained its most-traded goods outside oil in UAE
• 5 forecasters see Gold hitting $3000 in 2012 and beyond
• Silver to hit $50 sooner than you think
• Gold – is it still worth buying?
• HSBC cuts 2012 gold forecast from $2025 to $1,850 but looks for price recovery

‘Dragons’ to lead China’s gold sales in 2012 Posted: 08 Jan 2012 01:00 AM PST (BullionStreet): China’s gold sales for 2012 got off to colourful starts all across major centres in the nation as all major banks and merchants are offering special Lunar New Year discounts to customers. According to reports, Chinese vendors are offering a variety of styles of gold products, notably various Lunar New Year gold bars and [...]

Gold could go to $1,200-$1,300 an ounce – Jim Rogers Posted: 08 Jan 2012 12:34 AM PST The euro could rebound in the near-term despite the problems affecting continental Europe, as investors are overly bearish on the currency, investor Jim Rogers said on Tuesday. Rogers, who co-founded the Quantum Fund with George Soros in the 1970s and is a well-known commodities bull, also said he remains bullish on commodities in general but [...]

India fails to achieve gold imports mark of 1000 tons in 2011 Posted: 07 Jan 2012 11:55 PM PST (BullionStreet): World’s largest gold consumer India only bought 125 tons of gold in the fourth quarter last year compared with 281 tons in the same period in 2010. According to country’s leading gold trade body, the Bombay Bullion Association India’s gold imports in 2011 is 878 tons from 2010′s 958 tons, thanks mainly to sharp [...]

Gold: Bulls and bears; where next in 2012? Posted: 07 Jan 2012 11:15 PM PST In 2011 investors saw Gold perform outstandingly in the quiet season in July and August. $2,000/oz looked a certainty before the end of the year, but then unusual forces pummelled the gold price and all other global financial markets. Shades of the credit crunch hit the markets under the title of the Eurozone debt crisis. [...]

Deutsche Bank lowered its 2012 forecasts for gold by 3.9% to $1,825/oz Posted: 07 Jan 2012 10:54 PM PST Deutsche Bank AG has reined in its expectations for metal prices in the year ahead, citing concerns over the worsening economic picture and the potential for a stronger dollar. The forecasts for industry-linked metals saw the most significant cuts, with copper’s 2012 forecast reduced by 18.8% to $7,350/ton, nickel’s outlook cut by 19.0% to $18,625/ton, and [...]

Gold and diamonds remained its most-traded goods outside oil in UAE Posted: 07 Jan 2012 10:45 PM PST Continuing its golden tradition, the United Arab Emirates (UAE ) said gold and diamonds remained its most-traded goods outside oil. According to country’s Federal Customs Authority, UAE’s gold imports for the first seven months stood at $2.53 billion, while gold exports for the same period totaled $1.6 billion. Diamonds were the second-biggest non-oil import, with [...]

5 forecasters see Gold hitting $3000 in 2012 and beyond Posted: 07 Jan 2012 10:16 PM PST Back in 2009 I began keeping track of those financial analysts, economists, academics and commentators who were of the opinion that it was just a matter of time before Gold reached a parabolic peak price well in excess of the prevailing price. As time passed the list grew dramatically and at last count numbered 140 such individuals [...]

Silver to hit $50 sooner than you think Posted: 07 Jan 2012 10:15 PM PST I noted that if Silver broke below the recent 29.90 support level in the futures, then the most likely bottom for silver would be the $26 region, with the potential to drop even as low as the 22.50 region. So, let's see if that analysis is still applicable at this time. USD The U.S. Dollar has had [...]

Gold – is it still worth buying? Posted: 07 Jan 2012 10:00 PM PST With gold selling off about 20 percent in the last few weeks, there appears to be much confusion as to what, if anything, has changed for the bullish scenario. But the truth is not much. Gold is now and always has been a hedge against a falling dollar, which is the result of an inflationary monetary policy [...]

HSBC cuts 2012 gold forecast from $2025 to $1,850 but looks for price recovery Posted: 07 Jan 2012 02:25 AM PST HSBC has lowered its average Gold price forecasts for 2012 and 2013 to $1,850 and 1,800 an ounce from $2,025 and $1,850, respectively. The bank also introduced a 2014 forecast of $1,750 and left its long-term (2015-19) forecast unchanged at $1,500. For 2012, analysts estimate a wide trading range of $1,450-$2,050 and look for the [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610