Vietnam Business News

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• Silver – the commodity to buy in 2012
• Russia’s gold and FX reserves rose to $498.0 billion by Jan. 6
• Top 5 reasons to invest in gold in 2012
• Gold and silver to gather strength this year, Rob McEwen says
• US, Chinese Growth to offset European recession, boost gold, copper oil
• Silver on its path to record a second weekly gain
• The factors to influence gold prices in the coming months
• Gold price drops, silver follows
• China’s latest gold figures

Silver – the commodity to buy in 2012 Posted: 15 Jan 2012 01:45 AM PST Silver is the commodity to buy in 2012, believes Smith McKenna LLC adding that silver will dominate the markets in 2012. Stephen M. Smith, managing member Smith McKenna, has 20 plus years of experience in commodity-market analysis and advises that silver will emerge as king. “It’s the only place to be,” says Smith. “Silver will [...]

Russia’s gold and FX reserves rose to $498.0 billion by Jan. 6 Posted: 15 Jan 2012 01:39 AM PST Russia’s gold and foreign exchange reserves rose to $498.0 billion by Jan. 6 from $498.0 billion seen at the end of 2011, central bank data showed on Thursday. The central bank provided the following figures (in billion dollars): Latest week 498.0 End-2011    497.4 NOTE – The reserves include monetary gold, special drawing rights, reserve position at the IMF and [...]

Top 5 reasons to invest in gold in 2012 Posted: 15 Jan 2012 01:31 AM PST Gold has just completed the eleventh year of a bull market with the price of gold increasing around 400 per cent since 2001. There are many analysts and investment managers who believe that the positive outlook for the price of gold bullion will continue with further price rises expected during the course of 2012. Here are our top five [...]

Gold and silver to gather strength this year, Rob McEwen says Posted: 15 Jan 2012 01:15 AM PST In a King World News interview Rob McEwen suggests that gold will go to $2000 this year and then accelerate while returns in silver could be even better

US, Chinese Growth to offset European recession, boost gold, copper oil Posted: 15 Jan 2012 01:06 AM PST According to investment bank, Goldman Sachs, commodities prices are likely to grow by 15% in 2012 as a global financial crisis seems less of a risk as economic growth in Asia and the US improves.

Silver on its path to record a second weekly gain Posted: 15 Jan 2012 01:02 AM PST After posting a 3.9% gain by the end of the previous week, spot silver was on its path to record a second weekly gain, with prices approaching the $30 mark. Previos losses were reversed throughout the week, with spot silver prices rallying every single day until Friday. The negative reversal during the week's last trading [...]

The factors to influence gold prices in the coming months Posted: 15 Jan 2012 01:00 AM PST The glitter of the yellow metal could probably continue to lure investors this year too, especially those who are wary of the choppy equity markets. Last year, gold provided a splendid return of 31.1%. However, investors shouldn’t be overjoyed seeing the performance of the commodity since it’s not a true reflection of its worth. In [...]

Gold price drops, silver follows Posted: 15 Jan 2012 12:58 AM PST The gold price declined Friday morning, sinking $11.00 to $1,638.50 per ounce.  Gold prices retreated on the back of a stronger U.S. dollar and weakness in the broader stock and commodity markets.  The U.S. dollar climbed against the euro and commodity currencies such as the Canadian and Australian dollars.  S&P 500 stock futures fell 9.00 to [...]

China’s latest gold figures Posted: 15 Jan 2012 12:47 AM PST China's latest gold figures look unrelentingly bullish. Too bullish perhaps… SO "GROWTH has [now] replaced inflation as Beijing's top policy concern," says Qu Hongbin, Asian economics expert at HSBC in Hong Kong, forecasting three cuts to China's banking reserve requirements by July. "There is developing in Beijing, I think, almost a panic about global economic [...]

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