Asian gold prices rose slightly in the afternoon session 11/20

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Asian gold price increased slightly in the afternoon of November 20, when US-China trade tensions have not eased amid investors waiting for the US Federal Reserve (Fed) to release the monthly meeting minutes. 10/2019.
Asian gold prices rose slightly in the afternoon session 11/20
Asian gold prices rose slightly in the afternoon session 11/20. Artwork: VNA

At 14:42 (Vietnam time), spot gold price increased by 0.2% to 1,475.63 USD / ounce. Meanwhile, the price of US gold delivered in maturity was trading at 1,474 USD / ounce.


The process of trade talks, which has been uncertain between the United States and China, has added a new "ripple" when US President Donald Trump said on November 19 that he would raise taxes even higher if he did not reach an agreement with China The statement was made as the two countries were attempting to negotiate the details of the "Phase 1" trade deal to ease tariff disputes over a year ago between the two powers.


Meanwhile, investors are waiting for the minutes of the Fed’s October 2019 meeting (scheduled to be published at 2 am on November 21, Vietnam time) to look for information on money policy. US currency in the future. The Fed has cut interest rates three times since early 2019 to support US economic growth, but in October 2019 the agency implied it would not continue to cut interest rates if the US economy did not fall in. the situation is worse.


In the market of other precious metals, silver price is trading at 17.13 USD / ounce, palladium price decreases by 0.2% to 1,759.49 USD, while platinum price decreases by 0.2%. 908.47 USD / ounce left.


Meanwhile, in the domestic market, at 16:42 minutes, Saigon Jewelry Company listed SJC gold price in Hanoi market at 41.42 - 41.64 million VND / tael (buy in - sell out) .

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