Gold price today April 18: Unexpectedly reached a historical peak of 120 million VND

On the morning of April 18, the world gold price dropped sharply to 3,327 USD/ounce, 13 USD/ounce lower than yesterday. The precious metal fell below 3,300 USD/ounce when investors aggressively took profits. However, the price of gold bars at Saigon Jewelry Company - SJC continued to increase to an unprecedented historical peak when selling at 120 million VND/tael and buying at 117 million VND, an increase of 1.5 million VND in buying and 2 million VND in selling after one night.

Notably, each tael of SJC gold bar is 15.5 million VND more expensive than the world price - this is a large difference as at the end of 2023, before the State Bank intervened to sell gold bars.

As for the 4-number-9 gold ring, SJC kept the buying price at 114 million VND and the selling price at 117 million VND; Doji Group increased the buying price by 500,000 VND to 114.5 million VND and the selling price at 117.5 million VND...

Gold price on the morning of April 18 increased to a historical peak of 120 million VND/tael

Profit-taking in gold increased as the precious metal hit a new high as many markets were closed today and will continue to be closed for Easter on April 21. At the same time, some information showed that the US had made new progress in tariff negotiations with Japan on April 16. In addition, according to Bloomberg, US President Donald Trump said he did not want to continue raising tariffs on China, citing the reason that this could stall trade activities between the two powers. At the same time, he affirmed that China had contacted the US many times... The USD has risen again from its low. That information eased concerns about the global economy since President Donald Trump announced a series of tariffs - the main reason for gold prices to break all records.

However, many analysts remain bullish on gold. Citi Research yesterday raised its three-month gold price target to $3,500 an ounce from $3,200 an ounce, citing strong demand from Chinese insurance companies and safe-haven flows amid tariff risks and market weakness as still supporting the precious metal’s rise.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1842025-bat-ngo-len-dinh-lich-su-120-trieu-dong-185250418082225361.htm

Source: https://baolongan.vn/gia-vang-hom-nay-18-4-bat-ngo-len-dinh-lich-su-120-trieu-dong-a193713.html