Vietnam has decided to increase gold imports

Vietnam’s central bank has allowed a local company to import more gold into the country to cool the rising price of gold. The State Bank of Vietnam has agreed to allow Saigon Jewelry Co. (SJC), one of the largest gold trading companies in the country, to import gold based on its needs, the company’s sales … Read moreVietnam has decided to increase gold imports

Polyus aims to increase production 2.7 times by 2016.

For 2016, OJSC Polyus Gold plans to increase the production of its Russian deposits 2.7 times, to 115 tons per year, making it one of the world’s five gold producers. This was reported by Interfax with reference to the company’s updated development strategy until 2020. In particular, the document approved by the board at a … Read morePolyus aims to increase production 2.7 times by 2016.

Central banks increase gold reserves

Central banks in many countries increased their gold holdings by more than 2% between 2008 and 2010, according to a report by Qatar-based financial company QNB Capital. Mostly gold was bought by the central banks of developing countries: Brazil, Russia, India and China, as well as the countries of the Middle East. An especially significant … Read moreCentral banks increase gold reserves