April 17, 2102 (Vietnamica) Why bother investing? Five years into the financial crisis – and more than a decade after the US market hit its big top in real terms – you might well ask. Especially now that cash, bonds, Treasuries and stocks pay between zero and sweet nothing in yield, just like gold bullion.
April 16, 2012 (Vietnamica) — Beijing has taken new steps to allow its currency to gain or lose as much as 1 percent of value each day, a doubling of its trading band (CNN). The move was welcomed by IMF officials who said it allowed market forces to play a greater role in the level of the exchange rate.
April 16, 2012 (Vietnamica) — Wholesale gold bullion prices traded just below $1650 an ounce for most of Monday morning’s London session – well within the past month’s range – as European stock markets edged higher while commodities fell.
April 15, 2012 (Vietnamica) — China’s data release for the first quarter shows quite weak growth at 8.1% year-on-year, although a touch higher than expected by IHS Global Insight. This affirms our outlook of a soft-landing for the Chinese economy.
April 13, 2012 (Vietnamica) — China’s first-quarter growth was just 8.1 percent over the prior year, the slowest pace in nearly three years. Despite the news, economists expect higher growth in the coming months, and hope China will help put off a global economic slowdown (FT).
April 13, 2012 (Vietnamica) — U.S. dollar prices to buy gold traded sideways just below $1680 an ounce during Friday morning’s London session – back up at levels last seen ten days ago – while stock markets and industrial commodity prices edged lower and government bonds gained.
