Vietnam Business News

---

• Both gold and silver will pick up sharply in 2012
• India physical gold demand strong as prices weaken: UBS
• Goldplat poured the first bar of gold from its Kilimapesa mine in Kenya
• India gold futures likely to retreat from highest level in nearly a week on Wednesday
• Stronger auto market in 2012 to support Platinum group metals
• Credit Suisse lowered its price forecast for gold to $1,755 per ounce
• Spot gold and silver climbed for a third day
• Gold, silver to have mixed day in New York
• Gold resumes rising momentum
• Fresnillo to beat its full-year silver and gold production targets

Both gold and silver will pick up sharply in 2012 Posted: 18 Jan 2012 01:46 AM PST Gold and Silver to regain their shine during 2012, describing gold's pullback from record highs during the latter part of 2011 as temporary weakness, said Commerzbank in a research note.

India physical gold demand strong as prices weaken: UBS Posted: 18 Jan 2012 01:41 AM PST Gold has risen 7.4% in Euro terms in the first two weeks of the year. Given the scale of the crisis, new record highs in Euro terms could be seen in the near future. Demand for the physical metal remains highs as reported by UBS and Indian demand seems to be more stronger than expected. [...]

Goldplat poured the first bar of gold from its Kilimapesa mine in Kenya Posted: 18 Jan 2012 01:29 AM PST Africa-focused gold producer Goldplat has poured the first bar of gold from its Kilimapesa mine in Kenya, marking the beginning of production in the east African country’s first gold project, the company said on Tuesday.

India gold futures likely to retreat from highest level in nearly a week on Wednesday Posted: 18 Jan 2012 01:26 AM PST India gold futures are likely to retreat from their highest level in nearly a week on Wednesday, tracking overseas markets, and a stronger rupee back home, a day after the federal government hiked the import duty on precious metals, analysts said.

Stronger auto market in 2012 to support Platinum group metals Posted: 18 Jan 2012 01:25 AM PST Expected improvement in the U.S. auto market should help usher in higher prices forPlatinum group metals, said HSBC.

Credit Suisse lowered its price forecast for gold to $1,755 per ounce Posted: 18 Jan 2012 01:25 AM PST Credit Suisse on Tuesday lowered its 2012 price forecasts for precious metals and grains, citing remarkably resilient global output and a slower pace of global growth.

Spot gold and silver climbed for a third day Posted: 18 Jan 2012 01:25 AM PST Gold rose for a third day, climbing alongside other commodities including copper, as the dollar weakened before data forecast to show signs of economic recovery.

Gold, silver to have mixed day in New York Posted: 18 Jan 2012 01:25 AM PST After a $23 jump during Asian trade, prices settled slightly in London before rising a little toward the beginning of the US day

Gold resumes rising momentum Posted: 18 Jan 2012 01:14 AM PST Price of gold in Vietnam rose to VND43.9 million a tael (1.2 ounces) on January 17 as global price recovered strongly.

Fresnillo to beat its full-year silver and gold production targets Posted: 18 Jan 2012 01:01 AM PST Mexican precious metals miner Fresnillo PLC Wednesday said it beat its full-year silver and gold production targets and said its expects to produce a similar amount of silver and slightly more gold in 2012.

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