Gold price today April 4: 'Evaporated' more than half a million dong, falling below 102 million

On the morning of April 4, the world gold price closed the trading session (US time) at 3,107 USD/ounce, a total decrease of 50 USD after one day.

Domestically, the price of gold bars at Saigon Jewelry Company - SJC also went down at the end of yesterday and continued to decrease this morning, buying at 99.4 million VND and selling at 101.9 million VND. Overall, after one day, each tael of SJC gold bar decreased by 400,000 VND in buying and 600,000 VND in selling. Other gold and silver trading companies simultaneously bought and sold gold bars at the same price as SJC.

Gold price on the morning of April 4 plummeted below 102 million VND/tael

Similarly, the 4-number-9 gold ring at SJC, 0.5 - 2 chi, was also reduced like gold bars, bringing the buying price down to 99.4 million VND, selling price 101.93 million VND. Gold rings at Phu Nhuan Jewelry Company (PNJ) were also reduced by 200,000 - 300,000 VND, when they were still bought for 99.3 million VND, selling price 101.9 million VND...

World gold prices fluctuated strongly on April 3 after US President Donald Trump officially announced a reciprocal tax policy with many countries at a level that exceeded the forecast of economic experts. There was a time when the price increased but the massive selling momentum pushed the precious metal down. President Donald Trump's tax policy caused the financial market to slide as investors worried that it would cause the US economy in particular and the global economy in general to decline. JPMorgan economists said that a recession is now likely if these new tariffs are maintained and not negotiated to be reduced.

Peter Grant, vice president and senior metals strategist at Zaner Metals, told CNBC that the decline in gold was also due to some profit-taking and margin calls in other assets that may have caused investors to sell some of their gold holdings to cover losses. He said that in the long run, investors will continue to look for safe haven assets, and gold is certainly that asset./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-442025-boc-hoi-hon-nua-trieu-dong-rot-xuong-duoi-102-trieu-185250404074657424.htm

Source: https://baolongan.vn/gia-vang-hom-nay-04-4-boc-hoi-hon-nua-trieu-dong-rot-xuong-duoi-102-trieu-a192907.html