Vietnam Business News

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• Spot gold little changed at $1,640.31 an ounce on Monday morning
• Gold expected to hit $2,000 an ounce in the second half of 2012
• Gold 2012: Goldman maintains 12-month target of $1,940/oz
• Cautious outlook clouding gold in late 2011 appears to be lifting
• Spot gold and silver traded steady on Monday
• A rapid rise to $10,000 gold ‘strains credibility’
• Did China just overtake India as the world’s largest gold consumer?
• Gold futures advanced, silver rose slightly in electronic trading on Monday
• U.S. gold gained 0.6 percent to $1,641.20
• India and China continue to be the big markets for precious metals jewelry in 2012

Spot gold little changed at $1,640.31 an ounce on Monday morning Posted: 16 Jan 2012 01:45 AM PST Spot gold traded steady on Monday, weighed down by a strong dollar after mass downgrades of euro zone nations by Standard & Poor’s on Friday, while its safe haven appeal could benefit from renewed fears about the euro zone debt crisis.

Gold expected to hit $2,000 an ounce in the second half of 2012 Posted: 16 Jan 2012 01:35 AM PST The year 2012 will be a grand year for gold, positioning the precious metal for its 11th straight year of gains, said Hunter Wise Commodities, a precious metal wholesale dealer firm. AlthoughGold prices have fallen 16 percent since reaching a record $1,900 an ounce in September, financial analysts across the globe predict that prices will sky rocket [...]

Gold 2012: Goldman maintains 12-month target of $1,940/oz Posted: 16 Jan 2012 01:35 AM PST Goldman Sachs is maintaining its 12-month target of $1,940 an ounce for gold. The metal fell in December in a scramble for U.S. dollar liquidity by European banks, which led them to lease Gold for U.S. dollars, in turn driving gold lease rates lower.

Cautious outlook clouding gold in late 2011 appears to be lifting Posted: 16 Jan 2012 01:35 AM PST The cautious outlook that clouded Gold in late 2011 appears to be lifting. The metal is starting to look more appealing to a wider audience once again," UBS said in a research note. Growing positive sentiment is reflected in the emergence of call option buying this week, most notably in 1800 calls with 2-3 month [...]

Spot gold and silver traded steady on Monday Posted: 16 Jan 2012 01:30 AM PST Spot gold traded steady on Monday, weighed down by a strong dollar after mass downgrades of euro zone nations by Standard & Poor’s on Friday, while its safe haven appeal could benefit from renewed fears about the euro zone debt crisis.

A rapid rise to $10,000 gold ‘strains credibility’ Posted: 16 Jan 2012 01:28 AM PST Gold at $10,000 (U.S.)? It would be a gold bug's dream come true. That astronomical price for an ounce of the shiny metal would be more than six times higher than bullion was fetching this week.

Did China just overtake India as the world’s largest gold consumer? Posted: 16 Jan 2012 01:26 AM PST China may just have overtaken India as the world’s largest gold consumer with imports accelerating at the end of 2011.

Gold futures advanced, silver rose slightly in electronic trading on Monday Posted: 16 Jan 2012 01:00 AM PST Gold futures advanced in electronic trading on Monday after Friday's euro-zone debt downgrades by Standard & Poor's focused investor attention back on Europe's debt troubles.

U.S. gold gained 0.6 percent to $1,641.20 Posted: 16 Jan 2012 12:45 AM PST Spot gold traded steady on Monday, weighed down by a strong dollar after mass downgrades of euro zone nations by Standard & Poor’s on Friday, while its safe haven appeal could benefit from renewed fears about the euro zone debt crisis.

India and China continue to be the big markets for precious metals jewelry in 2012 Posted: 16 Jan 2012 12:45 AM PST India and China will continue to be the big markets for precious metals jewelry in 2012 but higher Gold prices, an uncertain economy and fluctuating exchange rates will continue to affect buying habits.

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