Domestic gold prices today, October 30, are 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 41.60 million VND/tael (down 20,000 VND/tael for buying) and 41.90 million VND/tael (up 20,000 VND/tael for selling) compared to yesterday morning's session.
Doji Hanoi Jewelry was listed at 41.62 million VND/tael (maintained for buying) and 41.95 million VND/tael (down 100,000 VND for selling) compared to the previous morning session.
Ho Chi Minh City SJC listed at 41.60 million VND/tael (down 20,000 VND/tael for buying) and 41.88 million VND/tael (down 20,000 VND/tael for selling) compared to the morning session on October 29.
The world gold price today, October 30, immediately stood at 1.489.190 USD/oz (down 2.33 USD/oz for buying) and 1.489.570 USD/oz (down 2.25 USD/oz for selling).
Gold plummeted as investors awaited a clearer signal from the US Federal Reserve cutting interest rates for the third time this year.
In addition, risk appetite is rising due to optimism that the UK may leave the EU without a deal.
The third postponement of Brexit will have accompanying conditions, specifically Prime Minister Johnson's refusal to renegotiate a departure agreement from the EU and allowing 27 EU countries to meet on the future of the bloc without the participation of the UK.
The Johnson administration on October 27 stepped up pressure on British lawmakers and proposed re-electing parliament early, due on December 12. In return, lawmakers will have more time to discuss the deal with Brussels on the issue of Brexit.
Meanwhile, the context of trade tensions still makes investors worried. However, concerns have somewhat subsided after US President Donald Trump may have an early trade deal with China. Washington is considering whether to extend the tariff suspension due in December.
In the long term, gold still has many supporting factors. The demand for gold is still assessed to be very large, every time the price decreases. Demand for gold is increasing in many countries and regions such as Argentina, Chile, Turkey, China, the Middle East...
