Opening this morning, the gold price of Saigon Jewelry Company listed in Ho Chi Minh City: 36.56 - 36.74 million VND/tael (buy - sell).
Gold prices in Hanoi are listed at 36.56 - 36.74 million VND/tael (buy - sell), down 10 thousand VND/tael compared to yesterday.
Doji Group. Ho Chi Minh City is currently listing gold bars at 36.62 - 36.72 million VND/tael.
At Phu Quy Jewelry Company, the price of SJC gold is listed at 36.61 million VND/tael (buy) and 36.71 million VND/tael (sell), gold remains unchanged from yesterday.
The price of Thang Long dragon gold and 9999 gold bars is currently trading at VND34.44 - 34.89 million/tael; the price of gold for the lucky money and round gold is also trading at VND34.44 - 35.89 million/tael.
As of early morning of August 23 (Vietnam time), the world spot gold price stood at 1,198 USD/ounce.
December gold delivery price on the New York Comex stood at 1,206 USD/ounce.
World gold converted to USD at 33.2 million VND/tael, excluding taxes and fees, is about 3.6 million VND/tael lower than domestic gold.
Gold prices increased again mainly due to the sharp decline of the USD. The Dollar Index (a measure of fluctuations against a basket of 6 major currencies) has decreased to 95 points.
In a recent interview with Reuters, US President Donald Trump said he did not set limits on ending the trade war with China. Just like them. I have a long-term plan, he said.
Mr. Trump said that Chinese negotiators will quickly reach the US this week. However, he doesnt expect much from these mid-level conversations.
The US president affirmed that resolving trade tensions with China needs time, because China has done so well for too long. He also accused the country of manipulating the NDT to offset the payment of import taxes to the US.
Most recently, US Secretary of Commerce Wilbur Ross met with Chinese Deputy Prime Minister Liu He in Beijing, but the two did not reach any agreement.
Since then, Washington and Beijing have been caught up in a war of import tax retaliation. This Thursday, US import tariffs on $16 billion of Chinese goods will take effect. The same goes for Beijing's retractory tax.
The total amount of affected goods of each country will accordingly reach 50 billion USD. Mr. Trump also threatened to impose tariffs on almost all of the more than $500 billion worth of imports from China.
This week, the US Trade Representative Office will hold a hearing on a proposal to impose an additional $200 billion in import tariffs on Chinese goods.
