Gold price today April 16: Soared to nearly 110 million VND/tael

Saigon Jewelry Company - SJC increased the price of SJC gold bars by 1.8 million VND/tael, buying at 106.8 million VND, selling at 109.8 million VND. The price of SJC gold bars has increased by 10.2 million VND per tael in the past 7 days, equivalent to an increase of 10.2%. Phu Quy Company increased the price of buying gold bars by 1.4 million VND, up to 106.2 million VND, and selling at 1.8 million VND, up to 109.8 million VND. The price of gold rings remained unchanged, SJC Company bought at 103 million VND, selling at 106 million VND; Phu Quy Company bought at 103.4 million VND, selling at 106.7 million VND.

SJC gold bar price increased by nearly 110 million VND/tael

World gold prices soared to a record high of $3,274 per ounce on the morning of April 16, up $42 per ounce, or 1.3%. Global trade tensions remain a catalyst for gold to rise to a record high in recent days. The US stock market fell slightly after two consecutive sessions of gains. At the end of the trading session on April 15, the Dow Jones index lost 155.83 points (or 0.38%) to 40,368.96 points; the S&P 500 index fell 0.17% to 5,396.63 points; and the Nasdaq Composite index fell 0.05% to 16,823.17 points.

In global financial markets, money continues to flow into gold as a safe haven rather than US Treasuries. A violent sell-off last week as hedge funds unwind large leveraged bets pushed the benchmark 10-year Treasury yield up more than 70 basis points to a nearly two-month high of 4.59%. While President Donald Trump’s surprise 90-day rollback of reciprocal tariffs excluding China has calmed markets, investor sentiment has soured significantly. Some have even speculated that a large-scale global exodus from US assets may already be underway.

More than 50 bond strategists polled by Reuters from April 10 to 15 predicted the 10-year yield, currently around 4.38%, would fall to an average of 4.21% by the end of June before falling to 4.14% in a year. U.S. Treasury yields will fall, according to bond strategists polled by Reuters. The economic slowdown after U.S. President Donald Trump imposed erratic and sweeping tariffs on trading partners will eventually force the U.S. Federal Reserve to cut interest rates./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1642025-tang-vot-len-gan-110-trieu-dong-luong-185250416083935712.htm

Source: https://baolongan.vn/gia-vang-hom-nay-16-4-tang-vot-len-gan-110-trieu-dong-luong-a193574.html