The domestic gold price today, October 10, is being traded at the following level:
Opening this morning's trading session, the gold price at 9:00 a.m. was listed by SJC Hanoi at 41.82 million VND/tael (up 120,000 VND/tael for buying) and 42.92 million VND/tael (down 120,000 VND/tael for selling) compared to yesterday morning's session.
Doji Hanoi Jewelry was listed at 42.00 million VND/tael (up 200,000 VND for buying) and 42.30 million VND/tael (up 100,000 VND for selling) compared to the session yesterday morning.
Ho Chi Minh City SJC listed at 41.82 million VND/tael (up 120,000 VND/tael for buying) and 42.07 million VND/tael (up 120,000 VND for selling) compared to the morning session on October 9.
The world gold price today, October 10, immediately traded at 1,506.34 USD/ kho in the buying direction and 1,506.72 USD/ kho in the selling direction.
Gold continues to soar as China is trying to reach a deal with the US.
The US Department of Commerce recently announced a list of 28 Chinese state agencies and companies that have just been blacklisted for trade. The new sanctions imposed by US President Donald Trump could paralyze some of China's multi-billion-dollar artificial intelligence (AI) technology startups.
Investors are waiting for the latest meeting minutes of the US Federal Reserve Fed to find clues on the path of interest rates.
China is ready to accept a trade deal. The country has even proposed increasing the amount of soybeans it buys from US farmers as a goodwill measure before trade negotiations. Chinese Deputy Prime Minister Liu He is expected to travel to Washington this week for trade talks and is expected to meet US Trade Representative Robert Lighthizer and Finance Minister Steven Mnuchin on Thursday.
Meanwhile, the future of US-China relations is still unclear, so the process of the UK withdrawing from the European Union ( Brexit) has no bright new points.
A Bloomberg report also said that British Prime Minister Boris Johnson has paved the way for a Brexit without a deal in the context of the EU, headed by Germany, remaining steadfast in believing that Northern Ireland must be part of the customs alliance in any deal.
In the Middle East, Russia fears that the region will face the risk of a breakthrough in chaos after the US decided to abandon the Kurdish people and withdraw troops from northern Syria, a move that is said to have " put out the green light" for Turkey to launch a campaign against the Kurdish militia. This is the force that plays alongside the US in the fight against IS but is considered by Turkey as a terrorist.
In the latest move, the Turkish Defense Ministry confirmed that the preparation and deployment of the Turkish army's military campaign in Northeast Syria is taking place.
Gold prices in the coming time will be affected in connection with US-China trade negotiations and wait for the decision of the US Federal Reserve (Fed) on monetary policy in the coming time.
