Vietnam Business News

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• Vietnam gold prices edged up by VND0.17 million/tael on Saturday morning
• Copper fell on Friday on Euro Zone woes, China holiday
• Prices of copper and nickel traded lower by Rs 2 per kg
• Gold hurt by talk that S&P could cut some euro zone ratings
• Only one U.S. mutual fund beat gold and silver over past 5 years
• Commerzbank: Physical demand for gold is growing
• Thailand gold prices for January 14
• Integra Mining achieves record gold production of 100,000 ounces
• Iraqi Central Bank: Reasons why to increase gold reserves
• Gold 2012: Bullish macro factors to drive, rather than dollar

Vietnam gold prices edged up by VND0.17 million/tael on Saturday morning Posted: 14 Jan 2012 02:00 AM PST Vietnam gold prices edged upby VND0.17 million/tael from yesterday close to VND43.72 million a tael on Saturday morning despite gold eased in New York last night. SJC Hanoi quoted at VND43.40 million/tael for bid and VND43.72 million/tael for ask, respectively as of 8:22 am, Hanoi time. SJC in the free market was quoted at VND43.45-43.75 [...]

Copper fell on Friday on Euro Zone woes, China holiday Posted: 14 Jan 2012 01:48 AM PST Copper fell on Friday, subdued by a lacklustre Italian debt sale that signalled Europe’s economic crisis remained unresolved and a slowdown in Chinese consumer buying before a week-long break.

Prices of copper and nickel traded lower by Rs 2 per kg Posted: 14 Jan 2012 01:47 AM PST Prices of copper and nickel traded lower by Rs 2 per kg on the local non-ferrous metal market today due to reduced industrial demand amid weakening global trend.

Gold hurt by talk that S&P could cut some euro zone ratings Posted: 14 Jan 2012 01:45 AM PST Gold fell 1 percent on Friday after the euro slipped sharply against the dollar, coming under pressure after a euro zone government source said rating agency Standard & Poor’s was planning to downgrade several countries in the bloc.

Only one U.S. mutual fund beat gold and silver over past 5 years Posted: 14 Jan 2012 01:44 AM PST Past performance is no guide to the future. But if you don’t study history, just what will you track instead? December 2011 marked the fifth anniversary of the end of Ownit Mortgage Solutions – a small lender in the big scheme, but “maybe the canary in the coalmine,” according to one mortgage-backed security manager back [...]

Commerzbank: Physical demand for gold is growing Posted: 14 Jan 2012 01:40 AM PST Physical demand for Gold appears to be picking up again, with the metal "relatively immune" to a stronger U.S. dollar lately, said Commerzbank in a research note. Gold nearly rose to $1,630 an ounce overnight and, as of Commerzbank's daily commodities report, had climbed to a four-week high of around 1,275 euros. "Clearly, gold is [...]

Thailand gold prices for January 14 Posted: 14 Jan 2012 01:28 AM PST The Gold Traders Association this morning set the buying price at 24,286.32 baht per baht-weight for gold ornaments and 24,650 baht per baht-weight for gold bar. The selling prices were set at 25,150 baht per baht-weight for gold ornaments, and 24,750 baht per baht-weight for gold bar.

Integra Mining achieves record gold production of 100,000 ounces Posted: 14 Jan 2012 01:20 AM PST Integra Mining (ASX: IGR)has achieved a gold production milestone of 100,000 ounces in early January at its Randalls Gold Project in Australia. Randalls Gold Project is the most prolific goldfield in Australia.

Iraqi Central Bank: Reasons why to increase gold reserves Posted: 14 Jan 2012 01:11 AM PST Finansial reasons to increase Gold reserves –Central bank as well as investors have lost their faith in currency markets after the turmoil in the USA in 2008 and Europe in 2011. The USA and some of the European countries have a huge trade deficit and are bound to grow at a very slow rate. The USA has [...]

Gold 2012: Bullish macro factors to drive, rather than dollar Posted: 14 Jan 2012 01:08 AM PST “The negative effects of a stronger dollar on Gold are likely to be largely diminished in 2012, allowing the bullish macro drivers to dictate price action once again.” Spot market gold prices rose to a one-month high of just under $1,647 per ounce Wednesday morning—a 5.1% gain for January—before easing back as the dollar rallied [...]

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