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Gold price lags behind
Listed Date: 10/09/2009
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* The world spot gold price yesterday did not keep the upward momentum, causing the national gold price to slightly decrease in the morning. Ending the trading day with the decrease of 0.7 USD/oz to close at 941.8 USD / oz. Earlier, in New York market, the gold price varied from 936.6 to 944.1 USD / oz. In the Asian market, on the morning of August 21, the spot gold prices continued to decline to just over 940 USD per oz. According to the analysts, the factors causing the devaluation for the gold price such as growing dollar, low inflation, sales of gold speculators... have still been dominant. The concern that the global stock market may step into a period of adjustment to go down after the “hot” increase in the past time has also led to a possibility that investment funds have to sell gold to compensate for the loss of share lists. However, in the recent sessions, these pressures have been temporarily hindered due to the recovery of crude oil prices, the U.S. stock market going up and the large gold investment funds having leveled off.

* The exchange rate of USD  last night went down by 0.2% compared to Euro, but still remained above 1.42 USD equivalent to 1 Euro because there is not much American important economic information publicized.

* The crude oil price increased on the third consecutive sessions due to the increase in the share prices at Wall Street. Ending the session at New York, the light sweet crude oil prices delivered in September has increased by 0.12 USD per barrel, up to 72.54 USD per barrel, meanwhile finished the transaction time. The light sweet crude oil prices delivered in October decreased by 0.92 USD per barrel (1.3%) to close at 72.91 USD per barrel. At 10:40 Am (Vietnam time), the light sweet oil prices delivered in October in New York has decreased by 0.27 USD per barrel to close at 72.64 USD per barrel.
 

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Miserable for changes of material prices
After the frozen period of the property market, aware that the Government’s policy of kick-starting the demand have taken effect, many work owners have set up the construction plan to race against the market prices. However, when the works are started, the construction material production &...
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Boom of supersmall housings in the most expensive real estate in the world
In London and adjacent areas which are considered to be the most expensive property market in the world, most of the newly built housing areas have modest sizes, even there is not enough space for basic activities . This is the result of a survey carried out by Committee of Architecture and Construction...
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Da Nang: Joint ventures build welfare housings
Da Nang City People's Committee has licensed 579 Construction and Investment JSC and Duc Manh JSC to perform the construction of the apartments for low-income people and housings for students. Accordingly, the joint venture will invest 100% after completing and estimating the investment expenditures...
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Bac Lieu: Ome more residential area project
Bac Lieu People's Committee has approved the overall compensation and resettlement assistance for the project of building the new residential area in Ward 7, Bac Lieu town. The project has a scale of 70 hectares with the total investment of 500 billion VND and is expected to be completed within 5...
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