Gold price today April 5: People who 'hit the peak' after 2 days lost 5.4 million VND/tael

On the morning of April 5, the world gold price closed the trading session (US time) at 3,036.8 USD/ounce, down more than 70 USD after one day. Converted according to Vietcombank exchange rate, the world gold price is equivalent to 95 million VND/tael (excluding taxes and fees).

Domestically, the price of gold bars at Saigon Jewelry Company - SJC was bought at 97.1 million VND, sold at 101.1 million VND, down 1.1 million VND in buying price but only down 200,000 VND in selling price compared to yesterday morning. This pushed the difference between buying and selling price to 3 million VND instead of only 2.5 million VND. Those who bought gold 2 days ago have now lost 5.4 million VND/tael.

Gold price plummeted on the morning of April 5, causing heavy losses for buyers

PHOTO: NGOC THANG

Similarly, SJC's 4-number 9 gold rings, type 0.5 - 2, only traded in the same scenario as gold bars, with the buying price down to 97.1 million VND, selling price 101.13 million VND; Phu Nhuan Jewelry Company (PNJ) bought for 98.7 million VND, selling price 101.3 million VND...

World gold prices continue to fall as the US reciprocal tax policy applied to many countries is at a level higher than economists ' forecasts. CNBC quoted US Federal Reserve Chairman Jerome Powell as saying that President Donald Trump's new tariffs are "larger than expected". The Fed Chairman said that President Donald Trump's tariffs will push up inflation and push down economic growth. At the same time, he implied that the Fed will not change interest rates until the picture of the impact of tariffs becomes clearer. The economic impact of reciprocal taxes may also be larger than expected. The scale and duration of these impacts remain unpredictable...

US stocks sold off for a second straight day after China retaliated with reciprocal tariffs, raising concerns that President Donald Trump has ignited a global trade war. At the close of the April 4 session (early morning of April 5 Vietnam time), the Dow Jones index fell 2,231 points, equivalent to 5.5% to 38,315 points - the biggest drop since June 2020. This is also the first time the Dow Jones has dropped more than 1,500 points in two consecutive trading sessions. Similarly, the S&P 500 plunged 5.97% to 5,074 points - the deepest drop since March 2020 and the Nasdaq Composite dropped 5.8%, to 15,588 points.../.

According to Thanh Nien

Source: https://thanhnien.vn/gia-vang-hom-nay-542025-nguoi-du-dinh-sau-2-ngay-lo-54-trieu-dong-luong-185250405080927304.htm

Source: https://baolongan.vn/gia-vang-hom-nay-05-4-nguoi-du-dinh-sau-2-ngay-lo-5-4-trieu-dong-luong-a192961.html