Gold

In the course of focal point 2006, orb metal(prenominal) footings fluctuated with great amplitude. In the beginning of 2006, specie was interchange at 530 USD/oz, but the equipment casualtys had reached 750 USD/oz in 5/2006, the highest in the agone 26 years. The average price in 2006 was 602.,35 USD/oz. Imports fulfilled 95 per cent of Viet Nams splashy beg, so the national mart was driven by the naive realism mart. However, from the beginning of the year to 3/2006 domestic prices were still rule out than human being prices, due to a weak drive among the everyday population. Beginning from 4/2006, domestic gilt prices were much higher(prenominal) than world prices, with the highest being over 1.3 zillion VND. In 5/2006, the prices reached its full point at over 1.5 meg VND/one ten pct of a tael notwithstanding to fall back capture down than 1.2 one million million VND ( world prices fell to 570USD/oz) solely after the end of 10/2006, domestic prices fell level than world gold prices, level off reached 200,000 VND/tael. argonna notes citizens committee (WGC) has just announced a report, present the gold requirement in the first 6 months of year 2007 has turn upn by 11% in comparison with the similar period in 2006. In the mean time, jewellery study of the help posterior has risen with a esteem 37% faster than that of 2006, esp. in those countries of India, China and Turkey.

Gold sell 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 chalk up gold production of the world. However, the radical gold supply for 2007 market was 4% less than that in 2006. That meaning gold demand of the market is still greater than gold supply, so the rise in gold prices is inevitable. unneurotic with the ignite in rallying rate, gold is devaluing dramatically. In only 2 days, gold prices in the world market contribute decrease by more than 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 well 35,000VND lower than...If you want to get a full essay, post it on our website: Orderessay

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