Gold price today April 12: Rising to new peak

World gold price today increased dramatically

Last night, the world gold price increased sharply, setting a new record at 3,246 USD/ounce. By early April 12, the gold price fluctuated slightly, down to 2,238 USD/ounce.

According to analysts, gold prices today increased sharply and reached a new peak in the context of increasingly heated US-China tariff tensions, causing the global stock market to fluctuate. Since then, many people have increased their demand for holding gold to preserve capital.

Meanwhile, the US bond market is likely to become unstable as bond interest rates rise, meaning the value of bonds goes down. This is prompting financial institutions to sell bonds and transfer capital to gold. The shocking increase in gold prices today is understandable.

In another development, the USD continued to fall sharply, making gold prices more attractive to those holding other currencies.

The Wall Street Journal commented that the stock market crash coupled with the escalating trade war in recent weeks has been destabilizing. The fall in the value of the USD and the rise in US bond yields are really worrying for the currency and stock markets...

In the Vietnamese market, at the end of April 11, the price of SJC gold was sold at 105.2 million VND/tael. The price of gold rings was sold at 104.4 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-12-4-tang-len-dinh-cao-moi-196250412060316317.htm