Gold rose the most in a week after
data showed China’s inflation accelerated more than estimated in
June, boosting demand for the precious metal as a hedge. SEE MORE VietNamNet Bridge – The State Bank of Vietnam puts high hopes on
the one percent depreciation of the local currency it made in late June.
However, economists believe that one should not be too optimistic about
the move. SEE MORE Gold fell for a second day to trim
the first weekly advance in three before U.S. jobs data that may
add to signs the economy is improving, fueling speculation the Federal Reserve will scale back monetary stimulus. SEE MORE Vietnam’s economic growth accelerated in
the second quarter after the central bank cut interest rates to revive
lending to businesses and rising foreign investment boosted the nation’s
exports. SEE MORE With gross domestic product (GDP) growing 4.9% and inflation picking
up 2.4% against end-2012, the socioeconomic situation in the year’s
first half was relatively good, said Do Thuc, director general of the
General Statistics Office (GSO). SEE MORE