Gold price today April 2: Decreased before the US applies new tax policy

The price of SJC gold bars remained unchanged despite the decrease in world precious metals, which made domestic gold prices higher by VND4.8 million/tael. Saigon Jewelry Company - SJC bought SJC gold bars at VND99.4 million and sold at VND102.1 million. Meanwhile, gold rings decreased by VND500,000 to VND99.2 million for buying and VND101.6 million for selling. Gold rings are VND4.3 million/tael higher than the world price.

SJC gold bars are 4.8 million VND/tael higher than the world price (PHOTO: NGOC THACH)

World gold prices fell by $10 to $3,123 an ounce. In the US trading session (night of April 1), the precious metal fell sharply from $3,135 an ounce to $3,107 an ounce after investors took profits. Gold rose again before US President Donald Trump announced "Liberation Day" with comprehensive new tariff measures targeting countries with trade imbalances with the US.

White House aides have drafted documents outlining additional tariffs of around 20% on most U.S. imports, according to a report from the Washington Post. The announcement is expected to expand existing import tariffs of 25% on goods from Canada and Mexico and 20% on imports from China. Investors around the world are bracing for potential economic spillovers, including higher consumer prices and possible retaliation from trading partners.

Gold prices tend to rise during times of trade tensions and tariffs as investors seek protection from market volatility and inflationary pressures. Tariffs typically increase production costs for manufacturers and retail prices for consumers, potentially slowing economic growth while fueling inflation – conditions in which gold typically thrives.

Continued purchases of gold by central banks, particularly by emerging economies looking to diversify their reserves away from the US dollar, have provided further support to the metal’s upward trajectory. This institutional buying reflects growing concerns about currency stability in an increasingly unpredictable global trade environment.

As the market prepares for the announcement, analysts expect gold to continue to be in demand as both institutional and individual investors reposition their portfolios to hedge against potential economic disruptions from escalating trade barriers./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-242025-giam-truoc-khi-my-ap-dung-chinh-sach-thue-moi-185250402084154562.htm

Source: https://baolongan.vn/gia-vang-hom-nay-02-4-giam-truoc-khi-my-ap-dung-chinh-sach-thue-moi-a192794.html