Vietnam Business News

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• Speculators mixed on gold, but buy up silver
• Turkey boosts gold holdings by 41%, Korea by 15%
• Barclays: Gold prices have kicked off the year 2012 slowly
• Gold production in Guyana remains under-reported
• Thailand gold prices for January 19
• Fresnillo forecasts 41 million ounces of silver output and 460,000 oz of gold in 2012
• Barclays: Copper to average $9000/tonne in 2012
• Sprott announces follow-on offering in its Silver trust
• Canadian silver, gold dealer BCM under threat of shut down
• Spot gold held steady, spot silver down slightly on Thursday

Speculators mixed on gold, but buy up silver Posted: 19 Jan 2012 01:12 AM PST Speculators are mixed in their viewpoint for gold, but they are stepping back into the Silver market in the Comex division of the New York Mercantile Exchange, according to U.S. government data released late Friday. For the week ended Jan. 10, speculators in the Commodity Futures Trading Commission's weekly commitment of traders report saw their [...]

Turkey boosts gold holdings by 41%, Korea by 15% Posted: 19 Jan 2012 01:10 AM PST Turkey has increased its Gold holdings by 41.3% in November, the largest increase in gold purchases for the month, a World Gold Council report states. Korea came a close second with a 15% increase in gold holdings.

Barclays: Gold prices have kicked off the year 2012 slowly Posted: 19 Jan 2012 01:03 AM PST Barclays Capital said that the supportive influences remain in place for gold. Gold prices have kicked off the year slowly, reclaiming lost ground after testing their lowest levels since July at the end of last year.

Gold production in Guyana remains under-reported Posted: 19 Jan 2012 12:20 AM PST South American nation of Guayana said its gold production exceeded target last year to hit 363,083 ounces.

Thailand gold prices for January 19 Posted: 18 Jan 2012 11:30 PM PST The Gold Traders Association this morning set the buying price at 24,589.52 baht per baht-weight for gold ornaments and 24,950 baht per baht-weight for gold bar. The selling prices were set at 25,450 baht per baht-weight for gold ornaments, and 25,050 baht per baht-weight for gold bar.

Fresnillo forecasts 41 million ounces of silver output and 460,000 oz of gold in 2012 Posted: 18 Jan 2012 11:20 PM PST Mexican precious metals miner Fresnillo PLC Wednesday beat its full-year silver and gold production targets and said it expects to deliver strong financial results in 2011 due in part to significantly higher metal prices

Barclays: Copper to average $9000/tonne in 2012 Posted: 18 Jan 2012 11:18 PM PST Barclays: Copper to average $9000/tonne in 2012

Sprott announces follow-on offering in its Silver trust Posted: 18 Jan 2012 11:08 PM PST Sprott Physical Silver Trust (NYSE:PSLV) announced today that it has launched a follow-on offering of transferable, redeemable units of the Trust. The trust was created to invest and hold substantially all of its assets in physical silver bullion and is managed by Sprott Asset Management LP.

Canadian silver, gold dealer BCM under threat of shut down Posted: 18 Jan 2012 10:52 PM PST Barret Capital Management, a commodities dealer that specializes in purchasing physical Gold and Silver for clients, is on the verge of being shut down by regulators.

Spot gold held steady, spot silver down slightly on Thursday Posted: 18 Jan 2012 10:50 PM PST Spot gold held steady onThursday after three successive days of rise, supported by hopes of increased funding from the International Monetary Fund to help tackle the euro zone debt crisis.

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