VINACHEM

SINGAPORE (ICIS)--Asia’s open-spec naphtha prices may march higher, underpinned by strong European naphtha values and robust crude futures, traders said on Friday.

Gold edged up on Wednesday as recent stimulus measures by central banks
supported bullion's appeal as a hedge against inflation, although a firm
dollar and a shift in investor focus to the euro zone debt crisis
capped gains.

AFP – Crude fell in Asia on Wednesday as doubts over the efficacy of fresh US economic stimulus surfaced following comments from a top Federal Reserve official, analysts said.

They understand that when the gold price increases by one dong, domestic gold
companies would raise the prices by three dong to ensure that they always can
make profit. And when the world price decreases, domestic gold companies would
only reduce the quoted prices some days later to avoid loss. Especially, the gap
between the purchase and sale prices is always large to ensure that gold
companies would never take loss.