On the morning of April 10, the world gold price reached a record of 3,086 USD/ounce, 30 USD higher than yesterday. Converted equivalently according to Vietcombank exchange rate, world gold is about 96.7 million VND/tael (excluding taxes and fees).
Domestically, Saigon Jewelry Company - SJC listed the buying price of gold bars at 100.4 million VND/tael, selling price at 103.4 million VND, an increase of 1.5 million VND compared to the end of yesterday. Similarly, SJC increased the price of 4-number 9 gold rings by 1.5 million VND, bringing the buying price to 100.4 million VND, selling price at 103.43 million VND. This is also a record high for gold prices in the Vietnamese market.
Gold price on the morning of April 10 skyrocketed to a new record
World gold prices rose after President Donald Trump announced a 90-day suspension of reciprocal tariffs on many countries. However, he still increased tariffs on imports from China, raising the tax rate on the world's second largest economy to 125% and taking effect immediately.
Many analysts say investors are still concerned about escalating trade tensions, so they are looking for a safe haven in gold. Bart Melek, head of commodity strategy at TD Securities, told CNBC that gold is still seen as a hedge against uncertainty. We are facing a situation where tariffs are becoming a big issue, inflation is expected to be higher, and that is reflected in rising yields.
Along with the gold price, new information from President Donald Trump also helped US stocks increase strongly again. According to CNBC, in the trading session on April 9, the S&P 500 index jumped 9.52% to 5,457 points - the largest one-day increase since 2008. In addition, this was also the third highest increase since World War II. The Dow Jones index increased by 2,963 points, equivalent to 7.87%, and closed at 40,608 points - the highest since March 2020. Similarly, only the Nasdaq Composite increased by 2.16% to 17,125 points - recording the best result since January 2001 and the second most positive trading day ever. The US stock market had about 30 billion shares changed hands on April 9 and this was the trading session with the highest volume in history./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-vang-hom-nay-1042025-tang-vun-vut-len-ky-luc-moi-185250410083439671.htm
Source: https://baolongan.vn/gia-vang-hom-nay-10-4-tang-vun-vut-len-ky-luc-moi-a193233.html
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