Gold prices surged on Monday as the US government reopened.

Gold prices continued to rise for the second consecutive session as signs of weakness in the US economy boosted demand for safe havens. Currently, gold prices are hovering around $4,050/ounce, up from the end of last week. The sharp decline in US consumer confidence and the process of ending the government shutdown in Washington has not yet been completed, making gold prices clearly benefit.

According to sources, moderate Democrats in the US Senate are close to a deal to reopen the government. However, the pause in economic data releases makes it difficult for the Federal Reserve (Fed) to adjust policy, thereby continuing to support gold prices.

As the risk of a government shutdown subsides, investors are turning their attention to the Fed's monetary policy. According to expert Vasu Menon, the government's early release of economic data will allow the Fed to ease policy if growth shows signs of slowing, a factor that is beneficial for gold prices.

Despite falling about 8% from its record peak of $4,380/ounce in mid-October, the world gold price is still up more than 50% compared to the beginning of the year. Key supporting factors such as economic instability, geopolitical tensions and central bank demand for gold are still very strong.

International stock markets rose in the first session of the week, as expectations that the US government shutdown would soon end helped reassure investors.

Nasdaq futures rose 1.1%, S&P 500 futures rose 0.65%. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9%, while Japan's Nikkei gained 1%.

The US Senate is nearing a vote on a bill to reopen federal agencies after weeks of paralysis, with Senate leaders saying bipartisan talks have made positive progress, helping markets temporarily regain confidence.

Despite the optimism, experts warn that volatility could continue until a clear deal is reached. The government shutdown has had a negative impact on the US economy, leaving hundreds of thousands of workers in sectors ranging from airlines to security without pay.

White House economic adviser Kevin Hassett said that if the situation persists, the US GDP growth in the fourth quarter could be negative. In addition, the US consumer confidence index has fallen to its lowest level in more than three and a half years, reflecting people's concerns about the economic impact.

US Treasury yields edged up slightly, with the 10-year yield at 4.1278%. The dollar also recovered some of its losses last week. Investors are watching the possibility that the Federal Reserve may keep interest rates unchanged at its December meeting, instead of continuing to cut as previously expected.

Many Fed officials have signaled caution on easing policy, but the final decision will depend on upcoming economic data, according to ANZ analysts. The market is currently pricing in a 63% chance that the Fed will cut interest rates by 0.25 percentage points in December.

In Europe, EUROSTOXX 50 and DAX futures both rose nearly 1.4%, while Britain's FTSE rose 0.8%. In China, the CSI300 fell slightly by 0.14%, but Hong Kong's Hang Seng rose 0.6%.

New data showed China's producer price declines slowed while consumer prices rebounded, reflecting Beijing's efforts to curb oversupply and fierce competition among businesses.

Gold price today, November 10, as of 12 noon, recorded a sharp increase in SJC gold and rings compared to the previous trading session. Bringing the domestic gold price to 150 million VND/tael.

Accordingly, the price of SJC gold bars at Doji Group in Hanoi and Ho Chi Minh City markets is trading at around 147.6 - 149.6 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both buying and selling compared to yesterday. The difference between buying and selling is 2 million VND/tael.

At Bao Tin Minh Chau, today SJC gold price is traded at 148.1 - 149.6 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both buying and selling compared to yesterday. The difference between the two buying and selling prices is 1.5 million VND/tael.

The price of SJC gold bars at Phu Quy is trading around 146.6 - 149.6 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both buying and selling compared to the same time yesterday. The difference between buying and selling is 3 million VND/tael.

For gold rings, the price of the Thang Long Dragon Gold plain round ring at Bao Tin Minh Chau is traded at 147 - 150 million VND/tael (buy - sell), an increase of 1.2 million VND/tael in both buying and selling compared to the same time yesterday. The difference in buying and selling is 3 million VND.

The price of Doji Hung Thinh Vuong 9999 gold rings of Doji Group in Hanoi market is traded at 146 - 149 million VND/tael, an increase of 1 million VND/tael in both buying and selling compared to the same time yesterday. The difference between the buying and selling prices is 3 million VND.

The price of 999.9 smooth round gold rings at Phu Quy Company is trading around 146.6 - 149.6 million VND/tael, an increase of 1.2 million VND/tael in both buying and selling compared to the same time yesterday. The difference between buying and selling is 3 million VND/tael.