Posts Tagged ‘ Gold Trade ’

Who – or what — sets the price of gold?

September 15, 2009
Who – or what — sets the price of gold?

VietNamNet Bridge – In principle, the price of gold in Vietnam strictly follows the world’s price.  However, the domestic market also has rules of its own.  Several days ago, when the gold price reached a record peak of 22.1 million dong per tael, some gold shops changed their quoted prices 29 times in one day. [...]

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Big profit prompts banks to set up gold trading floors

August 21, 2009
Big profit prompts banks to set up gold trading floors

LookAtVietnam – More and more trading floors are setting up operations, prompting fierce competition for a share of the transaction fees as investors and speculators crowd into the gold market. A considerable part of the profits recorded recently by Vietnamese banks is attributable to their sponsorship of ‘gold trading floors,’ places where would-be buyers and [...]

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Gold prices rise higher as traders keep low profile

June 4, 2009
Gold prices rise higher as traders keep low profile

LookAtVietnam – Domestic gold trading is stagnating despite consecutive records hit in the price of the precious metal. “Most clients have come here to sell a small amount, while very few clients have made purchases. There is a freeze in the gold trade”.The gold price is listed about VND21.5 million (US$1,209) per tael (a tael [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...