Gold price today 2-4: Reversal and deep decrease

Gold price today dropped very sharply

Last night, the world gold price set a new record at 3,145 USD/ounce, but then suddenly dropped sharply. By 6am on April 2, the gold price today was down to 3,113 USD/ounce.

Gold prices have been rising sharply in recent days due to concerns about tariffs on all countries that have trade relations with the US, expected to take effect immediately after President Donald Trump announced it today (April 2).

However, after the gold price hit an all-time high of $3,145/ounce, many investors rushed to sell to take profits, forcing the gold price to reverse and drop sharply today.

• SJC gold bar and gold ring prices had unexpected developments at the end of the day on April 1 READ NOW

Analysts say gold is currently considered a safe haven asset due to concerns about global economic instability. However, with potential risks from US interest rate policy, investors need to choose the right trading time to realize profits in the context of constantly fluctuating markets.

In Vietnam, at the end of April 1, the selling price of SJC gold decreased to 102.1 million VND/tael, while the price of gold rings reached 101.5 million VND/tael.

Source: https://nld.com.vn/gia-vang-hom-nay-2-4-dao-chieu-giam-sau-1962504020635529.htm