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South Korea

Vietnamese state exerts further control over national gold market

The Vietnamese central bank has announced that it will take over Saigon Jewellery Company (SJC), the country's largest gold dealer. This move will have a strong impact on the local gold market, since SJC has a 90% market share. The Vietnamese government aims to control the national gold market via its central bank. The Bank of Korea has ...

2011-DEC-02 · Roman Baudzus

 

Asian central banks adding to their gold reserves

Despite the political compromise over raising the US government’s debt ceiling, the gold price rally seems unstoppable for the moment. In yesterday’s trading session the yellow metal set new all-time highs in terms of the euro, the US, and the Canadian dollar – at €1,167.36, $1,655.05 and CAD 1,590.17 respectively. ...

2011-AUG-03 · Roman Baudzus


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