Gold price increased this morning, October 31, after the US-China trade agreement

At around 10:30 a.m. Vietnam time, spot gold added 1.7% to $4,003.73 an ounce. Silver also rose 0.4%, extending its three-session winning streak.

The world gold price has maintained its upward momentum since yesterday, remaining above the $4,000/ounce level. Investors are currently assessing the impact of the trade truce between the US and China. Although considered a positive signal, this agreement is not strong enough to erase concerns about competition between the two largest economies in the world.

During the meeting, Mr. Trump said that the US and China had reached a one-year agreement on rare earths and strategic minerals. He affirmed that “the rare earth issue has been resolved,” and emphasized that the agreement will be reviewed and renegotiated annually to suit the new situation.

Among the highlights is that Washington agreed to reduce tariffs on Chinese exports from 57% to 47%, while halving tariffs on fentanyl from 20% to 10%.

In return, Beijing pledged to work to stop the production and export of fentanyl, and to resume imports of US soybeans and other agricultural products, which have suffered during the trade tensions.

Initial details of the framework agreement emerged after meetings in Malaysia. China could win 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 stopping an investigation into whether Beijing was complying with trade commitments from Mr. Trump's first term.

In addition, China is said to be lobbying the US to abolish regulations that force subsidiaries with more than 50% capital from embargoed enterprises to be subject to the same restrictions as their parent companies. Mr. Trump surprised everyone when he mentioned the possibility of giving China access to Nvidia's Blackwell artificial intelligence chip line.

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

Gold price today October 31 recorded SJC gold and 9999 gold rings increasing strongly again compared to yesterday's closing price.

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

At Bao Tin Minh Chau, today's SJC gold price is traded at 147.4 - 148.9 million VND/tael (buy - sell), up 900 thousand VND/tael in buying price, up 1.1 million VND/tael in selling price compared to yesterday.

SJC gold bar price at Phu Quy is trading around 146.4 - 148.9 million VND/tael (buy - sell), an increase of 1.1 million VND/tael in both buying and selling compared to the previous session's close.

For gold rings, the price of Thang Long dragon gold plain round rings at Bao Tin Minh Chau is traded at 146.5 - 149.5 million VND/tael (buy - sell), an increase of 600 thousand VND/tael in both buying and selling compared to yesterday.

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

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