Gold price today, April 4: Shocking drop then very strong increase

Giá vàng hôm nay, 4-4: Giảm sốc rồi tăng rất mạnh- Ảnh 1. — Gold prices fluctuate strongly today

Last night, the world gold price reached 3,150 USD/ounce. However, immediately after that, many people quickly sold to take profit. The gold price dropped sharply to 3,060 USD/ounce.

At this price, those who needed shelter rushed to buy in. The price of gold today increased by tens of USD/ounce and by 6am on April 4, it reached 3,130 USD/ounce.

Gold prices fluctuated sharply today due to concerns about slowing economic growth amid the announcement of new US tariffs. This information could increase the risk of a global trade war, causing the economy to fall into recession.

As a result, financial investors lost their composure and started to sell off stocks. As a result, on Wall Street, stocks fell sharply to their lowest level since June 2020. The Dow Jones indexes lost 1,600 points, the Nasdaq dropped sharply by 1,050 points, and the S&P 500 fell by 274 points.

So, at times when gold prices plunged, many stock investors moved into precious metals. Today's gold price has increased again.

Another development is that the Japanese Yen and Swiss Franc are being bought as safe havens, causing the USD to depreciate sharply. Gold prices today have more momentum to go up.

Analysts say financial markets have reacted violently to the US imposing comprehensive tariffs on each other. The announcement of tariffs has sent shockwaves around the world. Confusion and uncertainty are now dominating investor sentiment as fears of a full-blown trade war become a reality. Retaliatory measures from major economies could add fuel to the fire.

Previously, in Vietnam, due to the sharp decrease in world gold prices on April 3, the price of SJC gold dropped from 102.8 million VND/tael to 102.2 million VND/tael, while the selling price of gold rings also dropped to 102 million VND/tael.