The domestic gold price today, October 16, 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 41.45 million VND/tael (down 50,000 VND/tael for buying) and 41.74 million VND/tael (down 50,000 VND/tael for selling) compared to yesterday morning's session.
Doji Hanoi Jewelry was listed at 41.40 million VND/tael (down 70,000 VND for buying) and 41.65 million VND/tael (down 150,000 VND for selling) compared to the session yesterday morning.
Ho Chi Minh City SJC listed at 41.45 million VND/tael (down 50,000 VND/tael for buying) and 41.72 million VND/tael (down 50,000 VND/tael for selling) compared to the morning session on October 15.
The world gold price today, October 16, immediately traded at 1.482,600 USD/z (down 3.5 USD/z for buying) and 1.482,980 USD/z (down 3.53 USD/z/z for selling).
Experts say that gold prices in the coming time will be closely related to trade negotiations between the US and China.
Gold today fell as China has just issued a positive assessment of US-China trade negotiations.
At a regular press conference, a spokesperson for the Chinese Foreign Ministry confirmed that what the US said about US-China trade negotiations was in line with China's awareness of the current situation.
The representative of the Chinese side also affirmed that both sides agreed on the issue of reaching an economic and trade agreement and there were no differences.
In addition, the USD has increased continuously in recent sessions, also weighing on gold prices.
In addition, information about positive US data and hopes for a breakthrough in the prolonged trade conflict between Washington and Beijing have prompted funds to invest more to store USD.
