Uzbekistan news for July 27, 2010

In this issue:

2 Corporate news
2 Assets of Uzpromstroybank exceed 1.89 trillion soums as of 1 July 2010
2 Ipoteka-Bank issues 17.7 billion soums for foodstuff production
2 Mikrokreditbank allocates credits worth 10.6 billion soums to young families
2 Credit Suisse appoints new head for Russia and CIS
3 Industry news
3 Gold May Advance as First Monthly Drop Since March Spurs Demand
3 Wheat Declines as Investors Judge Recent Gains as Excessive
4 Politics and Economics
4 Belarus-Uzbekistan trade up 37% to $50 million in 5M 2010
4 Andijan region’s GRP increases by 9.6% in 1H
4 Upcoming events
5 UzSE
6 Tenders list
7 Expert’s opinion
8 AFS Life Style
9 AFS Research productline
10 AFS Research services
 

Gold May Advance as First Monthly Drop Since March Spurs Demand

Gold, little changed, may gain on speculation that a drop in prices in July, the first monthly loss since March, is spurring some physical demand.
Gold for immediate delivery rose as much as 0.2 percent to $1,185.65 an ounce and traded at $1,184.85 at 9:04 a.m. in Singapore. The metal touched a record $1,265.30 an ounce on June 21 and has weakened 4.6 percent in July. August-delivery futures in New York were also little changed at $1,187.90 an ounce.
 

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