What will happen to gold prices next week if US-China tensions ease?

Giá vàng - Ảnh 1. — Gold prices have just had a week of vertical increase, going from one record to another - Photo: PHUONG QUYEN

Will gold prices maintain their current upward momentum next week or will they fall sharply?

Last week, the world gold price continuously broke the record and ended the trading week at 3,238 USD/ounce. Every time the US increased tariffs on Chinese goods and China announced retaliatory measures, the gold price set a new record.

Most recently, China announced additional tariffs on US goods of up to 125% from April 12, causing the world gold price to increase by 60 USD/ounce in the weekend session.

According to expert Tran Duy Phuong, recent developments show that when tariffs are high, gold is high, but when tariffs are low, gold prices will fall.

The market is now watching the moves of US President Donald Trump and China. In a cabinet meeting on April 10, Mr. Trump said he wanted to reach an agreement with China to end the escalating tensions.

Previously, on April 8, Mr. Trump also mentioned the possibility of reaching an agreement with China to ease trade tensions.

America does not have either. a move to respond or criticize China after China imposed additional tariffs on US goods of up to 125% as a retaliatory move.

"Investors believe that these are goodwill gestures from the US. If in the near future the two sides make moves to negotiate or compromise on tariffs, the price of gold will certainly decline sharply. The source of the increase in gold prices will be affected by that source," Mr. Phuong commented.

He also said that gold prices are likely to rise early next week, even approaching the $3,260/ounce mark, before falling again. The price of gold is likely to fall by at least $100/ounce due to the overheating it experienced earlier.

Domestic gold price sets new record: 106.5 million VND/tael

Domestically, although the world gold market was closed for trading over the weekend, the selling price of SJC gold bars this afternoon increased by 400,000 VND/tael and set a new record: 106.5 million VND/tael, the buying price was 103 million VND/tael.

Thus, just today, the price of SJC gold bars increased by 1.5 million VND/tael. The difference between buying and selling gold prices is up to 3.5 million VND/tael.

Meanwhile, the selling price of 9999 gold rings at SJC Company is lower than the price of gold bars, at 104.9 million VND/tael (selling price), the buying price is 101.4 million VND/tael. The difference between buying and selling prices is up to 3.6 million VND/tael.

At PNJ Company, the selling price of SJC gold bars also increased by 1.3 million VND/tael, to 106.5 million VND/tael, the buying price was 103 million VND/tael.

However, the selling price of 9999 gold rings is lower, at 104.9 million VND/tael, buying at 101.2 million VND/tael.

At Bao Tin Minh Chau Company, the selling price of 9999 gold rings is 105.1 million VND/tael, buying price is 101.6 million VND/tael, an increase of 600,000 VND/tael in the selling price.

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Source: https://tuoitre.vn/gia-vang-tuan-toi-se-ra-sao-neu-cang-thang-my-trung-ha-nhiet-20250412220036751.htm