As the stock and gold markets started the Lunar New Year with several upheavals, Tuoi Tre spoke with two experts on whether these two channels are still appealing enough to attract investors this year. Dinh Nho Bang, general secretary and deputy chairman of the Vietnam Gold Trading Association, told Tuoi Tre that the gold market [...]
Gold hiked to VND100,000 on Thursday, jumping to VND45.4 million a tael (1.2 ounces), as global price rose. Saigon Jewellery Company, the biggest gold processor and trader in Vietnam, collected the metal at VND45.1 million and sold at VND45.4 million as of 10 am Vietnamese time. Sacombank Jewellery Company bought gold at VND45.1 million and [...]
With the State Bank’s tentative policies on the gold market management, gold would become an investment channel with high risks, at least in the next two coming years. Vietnamese gold investors would feel unsatisfactory when hearing about the supposition that gold would not be an attractive investment channel in the future. They may quote figures [...]
Gold in Vietnam traded around VND45.3 million a tael (1.2 ounces) on Feb. 1, while global price finished first month of the year 2012 with 11 per cent gain; however, rising momentum slowed down as investors became cautious about the negotiation between Greece and its private bond holders and global economic growth. Sacombank Jewellery Company [...]
Gold in Vietnam saw strong recovery this morning, after it dropped VND900,000 a tael (1.2 ounces) yesterday. Gold sold at VND45.3 million ($2,162) per tael, VND1 million higher than the global price. Local gold price reacted quickly against the global price this morning. Since opening at around 9am, local price hiked along with global price. [...]
Gold futures on Tuesday ended a seesawing session at their highest in eight weeks
Dinh Nho Bang, General Secretary cum Deputy Chairman of Vietnam Gold Traders Association (VGTA) projected the global gold price to hike in 2012. Dinh Nho Bang, General Secretary cum Deputy Chairman of Vietnam Gold Traders Association (VGTA) projected the global gold price to hike in 2012, with domestic prices following the trend, the local state-run [...]
The State Bank of Vietnam (SBV) will submit a plan to the Government to mobilise gold from individual people who hold an estimated at 300-500 tonnes. This was revealed by Nguyen Van Binh, Governor of SBV, during an interview, which was posted on the SBV website on January 30. According to the plan, credit institutions [...]
Sandspring Resources raised estimates for its Guyana gold-copper project
Polyus Gold’s core earnings rose nearly 40 percent to more than $1 billion in 2011
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