Gold price on April 10: World and domestic prices increased sharply

Photo: THANH DAT

Gold price at SJC is 103.4 million VND/tael for gold bars and 103 million VND/tael for gold rings. DOJI gold rings are anchored at 103.4 million VND/tael.

Opening today's trading session, domestic and world gold prices recorded a spectacular increase right after US President Donald Trump announced the postponement of reciprocal tariffs.

Specifically, at 9:30 a.m. on April 10, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at VND100.9-103.9 million/tael, an increase of VND1.2 million per tael for buying and VND2 million per tael for selling compared to the previous session. The difference between buying and selling was VND3 million.

The price of SJC 9999 gold ring is 100 million VND/tael for buying and 103 million VND/tael for selling, an increase of 500 thousand VND/tael for buying and 1.2 million VND/tael for selling compared to the previous session.

Meanwhile, DOJI gold bar price in Hanoi and Ho Chi Minh City was bought at 100.9 million VND/tael and sold at 103.9 million VND/tael, an increase of 1.2 million VND per tael for buying and 2 million VND per tael for selling compared to the previous session.

This brand listed the price of Doji Hung Thinh Vuong 9999 gold ring, up 700 thousand VND per tael for buying and 1.5 million VND per tael for selling compared to yesterday's closing price, buying and selling transactions were 100.4-103.4 million VND/tael, respectively.

PNJ Gold listed buying price at 99.8 million VND/tael and selling price at 101.9 million VND/tael, an increase of 300 thousand VND per tael for buying price and unchanged for selling price compared to the previous session.

As of 9:30 a.m. on April 10 (Vietnam time), the world gold price increased by 131 USD compared to the previous session to 3,113.7 USD/ounce.

After US President Donald Trump announced a 90-day delay in imposing reciprocal tariffs on many countries but imposing a 125% tariff on Chinese goods, many investors, fearing that high tariffs would push up commodity prices and slow economic growth, dumped stocks and industrial goods to switch to gold, pushing up the price of this precious metal.

World gold prices have increased by more than 3% as the market reacted positively to President Donald Trump's unexpected policy change and recorded the strongest increase in the past 18 months.

Investors are now waiting for the minutes of the Federal Reserve's policy meeting later in the day along with US consumer price index (CPI) data for more clarity on the interest rate cut roadmap and the next direction of gold prices.

Traders are pricing in a 55% chance of a rate cut by the Fed in May, according to the CME Fedwatch Tool. Non-yielding bullion tends to thrive in low-interest-rate environments.

World gold prices are forecast by many experts to continue to fluctuate strongly and tend to increase in the context of escalating geopolitical instability and a weakening USD.

This morning, the USD-Index fell slightly to 102.64 points; the yield on 10-year US Treasury bonds fell to 4.277%; US stocks soared after news of tax postponement; world oil prices traded at 64.77 USD/barrel for Brent oil and 61.76 USD/barrel for WTI oil.

Source: https://baotuyenquang.com.vn/gia-vang-ngay-10-4-the-gioi-trong-nuoc-dong-loat-tang-du-doi-209834.html