6:30 this morning (Vietnam time), the world price of gold is trading around 1,475 USD / ounce, up 2 USD / ounce compared to the beginning of the morning.

The price of gold increased slightly in the context of uncertain US-China relations, the future of an agreement will be reached quite far.

Specifically, US President Donald Trump on November 19 once again warned that he would impose additional tariffs on Chinese goods if the two sides could not come to an agreement.

The US stock market hit a record low on Tuesday. The key stock markets in Asia also simultaneously fell in the morning session Wednesday.

With the current uncertainty, some investors return to buy gold to hedge risks, but the buying power is limited because the hope of an agreement has not been completely extinguished.

The gold price also increased due to the appreciation of the USD after China lowered the basic lending interest rate to boost the economy. On November 20, the People’s Bank of China (PboC) lowered the basic interest rate (LPR) for 1-year term from 4.2% to 4.15% while the 5-year LPR interest rate decreased. from 4.85% to 4.8%.

The move immediately pulled the renminbi (yuan) down and the dollar rose. Gold is denominated in USD, thereby increasing the price.

Domestic gold price , closing the session on 11/20, DOJI Gold and Silver Group listed SJC gold price at: 41.41 million dong / tael (bought in) and 41.61 million dong / tael (sold out). ).

Saigon Jewelry Company listed SJC gold at VND 41.42 million / tael (purchased) and VND 41.66 million / tael (sold).