Gold to touch $1,000

The international gold price is likely to top US$1,000 an ounce in the first half before retreating to $700, a Vietnamese consultant to the World Gold Council has predicted.

“The price will move up because of the worsening US economic recession but the precious metal will fall back to $700 in the second half, when the US economy is expected to recover,” Huynh Trung Khanh said.

He also expects 3,500 – 3,600 tons of gold to be traded globally this year, equal to last year’s figure.

Unity helped country cope with last year’s difficulties, says president

Thanh Xuan

thanhnien

>   Credit in banking system rose 21 percent in 2008 (13/01/2009)

>   Vietnam, France cooperate in finance training (13/01/2009)

>   SBV reports on banking peformance in 2008 and directives in 2009 (12/01/2009)

>   Luxury jewellery hard to seek customers (12/01/2009)

>   Regulators ask banks to lower rates on old loans (12/01/2009)

>   Competitive edge key to success (12/01/2009)

>   Vietnam’s currency move unlikely to boost exports, says Dragon  (12/01/2009)

>   Vietnam’s agricultural insurance market ripe for development (10/01/2009)

>   Interest rates going down, stocks will rise up (09/01/2009)

>   Monthly Information on Banking Activities (December 2008) (09/01/2009)