Gold

In the course of instruction 2006, orb metal(prenominal) footings fluctuated with great amplitude. In the beginning of 2006, specie was sold at 530 USD/oz, but the sets had reached 750 USD/oz in 5/2006, the highest in the past 26 years. The average price in 2006 was 602.,35 USD/oz. Imports fulfilled 95 per cent of Viet Nams fancy beg, so the national market was driven by the pragmatism market. However, from the beginning of the year to 3/2006 domestic prices were still do away with than founding prices, due to a weak drive among the normal population. Beginning from 4/2006, domestic gold prices were much higher(prenominal) than world prices, with the highest being over 1.3 one thousand thousand VND. In 5/2006, the prices reached its superlative at over 1.5 million VND/one ten part of a tael unaccompanied to drop get down than 1.2 million VND ( world prices fell to 570USD/oz) But after the end of 10/2006, domestic prices fell lower than world gold pric es, steady reached 200,000 VND/tael. arena Gold committee (WGC) has just announced a report, present the gold demand in the first 6 months of year 2007 has risen by 11% in parity with the similar period in 2006. In the mean time, jewelry demand of the second shadow has risen with a graze 37% faster than that of 2006, esp. in those countries of India, China and Turkey.

Gold retail demand in the second quarter of 2007 rose by 51% in quantity, which are is 132.9 tons and 60% in protect in USD. Gold demand of India in the second quarter of 2007 has reached 317 tons, equals 50% the join gold production of the world. However, the total gold supply for 2007 market was 4% less than th at in 2006. That meaning gold demand of the! market is still great than gold supply, so the rise in gold prices is inevitable. unneurotic with the ignite in exchange rate, gold is devaluing dramatically. In only 2 days, gold prices in the world market feel decrease by more than 10USD/ounce, which is 725.70USD/ounce in 4/10. In domestic market, SJC sells gold at 1.393-1.4 million VND/ ounce, which is roughly 35,000VND lower than...If you want to get a full essay, magnitude it on our website: OrderEssay.net

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