The domestic gold price this morning was listed by Saigon Jewelry Company at 36.15 million VND/tael (down 30,000 VND for buying) and 36.36 million VND/tael (down 10,000 VND for selling) compared to the session on May 29.
Doji Jewelry Group listed at: 36.22 million VND/tael (down 30,000 VND for buying) and 36.32 million VND/tael (down 30,000 VND for selling) compared to the previous session.
Bao Tin Minh Chau Jewelry Company listed the price at: 36.27 million VND/tael (up 10,000 VND/tael for buying) and 36.34 million VND/tael (utside the previous session for selling).
World gold prices ended the trading session on May 29 in the Asian market, gold prices reversed and increased again after the decrease on Tuesday. At this time, the China-US trade war and the Brexit developments are still the issues that traders are most concerned about.
As of early morning of May 30 (Vietnam time), the world spot gold price stood at 1,284 USD/ounce.
The price of gold delivered in June 2019 on the New York Comex was at 1,286 USD/ounce.
Gold prices today are 1.4% lower (18.5 USD/ounce) than in early 2018. World gold converted to USD is priced at 35.6 million VND/tael, excluding taxes and fees, about 800,000 VND lower than domestic gold.
Many experts believe that the world gold price will increase again despite the increase of the USD in the context of investors looking to the greenback and US bonds after both Mr. Donald Trump and China poured cold water on each other.
Recently, at a press conference with Japanese Prime Minister Shinzo Abe, US President Donald Trump said he was not ready to reach a deal with China. This is a statement contrary to the expressed confidence that the US and China will have a major trade deal in the future.
Mr Trump's statement has poured a bucket of cold water on hopes for a trade deal between the world's two largest economies.
Meanwhile, China Daily of China also talked about the possibility of curbing rare earth exports to the US as a retaliatory measure for the Trump administration.
