Gold prices advanced Wednesday as the precious metal continued to garner support from ongoing turmoil on world financial markets, traders said.On the London Bullion Market, the price of gold rose to 834.02 dollars per ounce, from 779.
Vietnam led a chorus of calls on the European Union on Monday not to extend anti-dumping duties on Chinese and Vietnamese shoes, saying the measures were protectionist and had already cost tens of thousands of jobs.
Italian fashion brand Romeo Gigli has not decided on a successor to Gentucca Bini, who quit as designer on Wednesday little more than a week before womenswear shows, Chief Executive Pierluigi Mancinelli told Reuters.
Swatch Group would consider buying a well managed retailer in Europe, the Chairman of the world's largest watchmaker was quoted as saying on Thursday, but he ruled out a takeover of Junghans or investing in Peace Mark.
Luxury goods group Richemont said it was well positioned to cope with the economic downturn as the rich still spent lavishly, but a softening in the United States weighed on its stock. By 0826 GMT (9:26 a.m.