Tag Archive for ‘SIlver’

Gold May Be On Track To Test $1800 Again: Saxo Bank

Having reached not breached important support levels below US $1670, traders have begun to rebuild speculative longs which has been reduced by one-quarter during the previous weeks. Gold prices have got boost after the US election results and having found good support, stabilizing above $1700 levels, the yellow metal may climb to importance resistance level of $1800 again, according to Ole S Hansen, Head, Strategy at Saxo Bank. Having reached not breached important support levels below US $1670, traders have begun to rebuild speculative longs which has been reduced by one-quarter during the previous weeks. “It is worth…

Gold Set for Best Week Since January; ETPs Extend Gain to Record

Gold climbed to a three-week high and is poised for its best weekly performance since January as prospects of more U.S. stimulus and the debt crisis in Europe boosted demand, while exchange-traded products rose to a record. Spot gold increased as much as 0.4 percent to $1,738.19 an ounce, the most expensive since Oct. 19, […]

Agribank Changes Managing Deputy CEO

Vietnam Bank for Agriculture and Rural Development (Agribank) announced to have appointed Trinh Trong Khanh as its managing Deputy CEO from Nov 5, in place of Kieu Trong Tuyen. In late last month, Nguyen Minh Tri, Chairman cum Director of Ho Chi Minh City Gold, Silver and Gemstone Company (VJC), Chairman of Financial Leasing Company No. 2 (ALC 2), was appointed as a member of the Board of Members. Besides, Tiet Van Thanh – Head of the Representative Office in the South and Nguyen Tuan Anh – Director of Agribank My Dinh were appointed as Deputy CEOs. As such, the state-run…

Gold Pares Some Gains; US Election Eyed

Gold edged lower on Wednesday, shaving off some of its nearly 2 percent gains in the previous session, with investors awaiting the outcome of a neck-and-neck U.S. presidential election. Spot gold had inched down 0.3 percent to $1,710.05 an ounce by 0009 GMT, after posting a 1.9-percent jump the session before, its biggest one-day rise since mid-September. U.S. gold also lost 0.3 percent, falling to $1,710.30. Investors are waiting for the result of the U.S. presidential election. Gold could benefit if President Barack Obama succeeds in his re-election bid, while a victory by Republican candidate Mitt…

Vietnam wins gold at Thai athletics

HA NOI – Viet Nam won three golds, one silver and two bronzes at the Thailand Open Track and Field Championships which ended at Thammasat University’s sports complex in Bangkok yesterday. Nguyen Van Lai won two gold medals in the men’s 1,500m and 5,000m. While Nguyen Thi Oanh won a gold medal in the women’s 400m hurdle, clocking in 55.75. In addition, Oanh won a bronze medal in the women’s 400m with a time of 55.75. The two first positions belonged to Sri Lanka athletes. Bui Thi Xuan won a silver medal in the women’s javelin…

Gold Settles Near $1716 as Markets Await Jobs Data

Gold prices eased on Thursday as the dollar firmed, but moves were muted as investors stayed focused on U.S. employment data due on Friday for clues on monetary policy. A jump in U.S. stocks after well-received economic data lent some support to gold, while European shares were also bolstered by a well received earnings report from Royal Dutch Shell. Spot gold recently was down 0.3 percent at $1,713.89 an ounce. U.S. gold futures…

Year end sees dull calendar sales in Vietnam

There had been hope earlier that calendar sales would go up slightly by 5-10 percent this year as compared to last year, however, sales continue to remain dull throughout the country. Manufacturers usually release their new designs of calendars early in November, as the last months of the year are peak sale season for annual calendars. The current economic downturn has greatly affected the market, and although many stores have launched very tempting promotional programs, so far only a few customers have placed orders. The order volume…

Slim chances for Vietnam as control on casinos is tightened

Strict control on casinos has triggered deep concern over Vietnam losing out to neighbouring countries, and the issue takes the spotlight again these days as the biggest-ever tourism complex in Vietnam will soon start operations. MGM Grand Ho Tram in January next year will inaugurate the 541-room tower of the Ho Tram Strip project located on the Ba Ria-Vung Tau coast. The second tower consisting of 559 rooms is set for opening in one and a half years later. Accompanying the inauguration of each tower, one casino will be put into service, with a total of 180 gambling tables and…

Gold Flat as Europe Stocks Gains Muted by Sandy

Gold prices were little changed on Tuesday as European stock markets rose and the dollar weakened, but moves were limited as New York markets remained closed due to Hurricane Sandy, and ahead of a key U.S. jobs report due later this week. Gold took some support from strength in European shares, which were boosted by […]

Vietnam Export Taxes On Timber, Minerals Tipped To Rise

HA NOI (VNS)– A proposal to impose or increase export taxes on different categories of wood and minerals has been announced by the Ministry of Finance. An export tax of 10 per cent was proposed for exports of rough timber – with or without bark – planks and sapwood, and 5 per cent in the case of some categories of sawn timber, and wood to make plywood of 6mm or less in thickness. These categories are not taxed at present. The ministry proposes a 30 per cent tax on the export of nickel, aluminium, tin…