Gold prices rose this morning, October 31st, following the US-China trade agreement.

At around 10:30 AM Vietnam time, spot gold rose 1.7% to $4,003.73 per ounce. Silver also increased 0.4%, extending its streak of three consecutive gains.

World gold prices maintained their upward trend from yesterday, remaining above $4,000 per ounce. Investors are currently assessing the impact of the trade "truce" agreement between the US and China. While seen as a positive sign, this agreement is still not strong enough to dispel concerns about competition between the world's two largest economies.

During the meeting, Mr. Trump stated that the US and China had reached a one-year agreement on rare earth and strategic minerals. He asserted that "the rare earth issue has been resolved," while emphasizing that the agreement would be reviewed and renegotiated annually to adapt to changing circumstances.

One notable point is that Washington agreed to reduce tariffs on Chinese exports from 57% to 47%, while also halving the tariff on fentanyl from 20% to 10%.

In return, Beijing pledged to work to curb the production and export of fentanyl, and to resume imports of soybeans and other US agricultural products, an area heavily damaged during the trade tensions.

Initial details of the framework agreement emerged after meetings in Malaysia. China may secure some key concessions on tariffs, while the US agreed to ease export controls on high-tech software and reduce fees for Chinese cargo ships.

Washington also left open the possibility of halting the investigation into whether Beijing complied with trade commitments made during Trump's first term.

In addition, China is reportedly lobbying the US to abolish the regulation that forces subsidiaries with more than 50% ownership by sanctioned companies to face the same restrictions as their parent companies. Trump surprised many by mentioning the possibility of giving China access to Nvidia's Blackwell artificial intelligence chips.

For his part, Xi Jinping is also reportedly willing to approve the sale of TikTok's US operations (owned by ByteDance) to a consortium backed by the Trump administration.

Today, October 31st, gold prices saw a strong rebound in SJC gold and 9999 gold rings compared to yesterday's closing price.

As of 10:30 AM on October 31st, the price of SJC gold bars at Doji Group in Hanoi and Ho Chi Minh City was trading around 146.9 - 148.9 million VND/ounce (buy - sell), an increase of 1.1 million VND/ounce in both buying and selling prices.

At Bao Tin Minh Chau, today's SJC gold price is trading at 147.4 - 148.9 million VND/ounce (buy - sell), an increase of 900,000 VND/ounce in the buying price and 1.1 million VND/ounce in the selling price compared to yesterday.

The price of SJC gold bars at Phu Quy is trading around 146.4 - 148.9 million VND/ounce (buy - sell), an increase of 1.1 million VND/ounce in both buying and selling prices compared to the previous closing session.

For gold rings, the price of plain gold rings from Thang Long Dragon Gold at Bao Tin Minh Chau is trading at 146.5 - 149.5 million VND/ounce (buy - sell), an increase of 600,000 VND/ounce in both buying and selling prices compared to yesterday.

The price of Doji Hung Thinh Vuong 9999 gold rings from Doji Group in the Hanoi market is trading at 145.8 - 148.8 million VND/ounce, an increase of 1.1 million VND/ounce in both buying and selling prices compared to yesterday.

The price of 999.9 pure gold rings at Phu Quy Company is trading around 145.9 - 148.9 million VND/ounce, an increase of 1.1 million VND/ounce in both buying and selling prices compared to yesterday.