France

Gold’s “Consolidation Phase” Continues, “Time to Deliver” for Euro Leaders, China “Shows Growth is Priority”

February 20, 2012 (Vietnamica) — Wholesale market gold bullion prices held above $1730 an ounce in Monday morning’s London trading – roughly in line with where gold has been for much of February – while European stocks and commodities edged higher amid hopes that policymakers might finally approve Greece’s second bailout. US markets are closed for a holiday.

ConocoPhillips Sold its Assets in Vietnam

Feb 17, 2012 (Vietnamica) — The America’s 3rd largest oil firm ConocoPhillips confirmed it had agreed to sell its Vietnamese operations, and related assets, to the French firm Perenco SA for $1.29 billion.

Gold Demand Trends Show Chinese Growth, Indian Weakness &Revival of US Consumers as Fresh Greek Rumors Dent Euro

February 17, 2012 (Vietnamica) — Wholesale market prices to buy gold bullion slipped further on Thursday in London, falling to a three-week low beneath $1709 per ounce as a raft of positive US data buoyed the Dollar, and fresh rumors broke of a Eurozone exit for Greece. Last night’s phone-conference of Euro politicians said that Greece must accept extra budgetary oversight if it is to get the extra bail-out funds to meet March’s critical bond-repayment deadline.

“Sideways Trade” Sees Gold “Supported by Phys. Demand”, Debt Warning “Reality Check” for Britain while Obama Calls for Increased US Spending

February 14, 2012 (Vietnamica) — The wholesale market gold price eased to $1713 per ounce Tuesday lunchtime – 1.1% down on the previous day’s high – while stock and commodity markets were broadly flat despite several European countries having their sovereign ratings or outlooks lowered last night. The silver price dipped to $33.37 per ounce – a 0.8% fall on last week’s close.

CFR: World Bank Lowers Global Growth Forecast

January 18, 2012 (Vietnamica) — In its biannual report, the World Bank cut its global growth forecast for 2012 to 2.5 percent from 3.6 percent, while warning that a likely recession in the eurozone (Bloomberg) could accelerate a slowdown in developing countries. The report, which comes days after rating agency Standard and Poor’s downgraded nine eurozone countries, cites market fears over European sovereign debt contagion (WSJ) as undermining global economic growth.

Markets “Comfortable Again with Gold”, Euro Falls After “Soft” Italian Debt Auction

January 13, 2012 (Vietnamica) — Spot market dollar gold prices dipped to $1637 an ounce Friday morning London time – a 1.4% fall from Thursday’s high – as the Euro fell against the Dollar following a successful-yet-disappointing Italian bond auction.

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New Greek Crisis “Biggest Risk for Gold”, Bank of England “Has Left Door Open” for More QE, Goldman Sachs says “Long Gold Position Recommended”

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