Updated SJC gold price
As of 9:35 a.m., the price of SJC gold bars was listed by Saigon Jewelry Company Limited - SJC at 100.1-102.8 million VND/tael (buy in - sell out), an increase of 700,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 2.7 million VND/tael.
At the same time, the price of SJC gold bars was listed by DOJI Group at 100.1-102.8 million VND/tael (buy - sell), an increase of 700,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 2.7 million VND/tael.
Meanwhile, Bao Tin Minh Chau listed the price of SJC gold bars at 100.1-102.8 million VND/tael (buy - sell), an increase of 700,000 VND/tael for both buying and selling. The difference between buying and selling prices is at 2.7 million VND/tael.
9999 round gold ring price
As of 9:35 a.m. today, the price of Hung Thinh Vuong 9999 round gold rings at DOJI was listed at 99.9-102.8 million VND/tael (buy - sell), an increase of 700,000 VND/tael for both buying and selling. The difference between buying and selling is listed at 2.9 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 100-102.9 million VND/tael (buy - sell), an increase of 600,000 VND/tael for buying and an increase of 700,000 VND/tael for selling. The difference between buying and selling is 2.9 million VND/tael.
World gold price
At 9:35 a.m. on April 3, the world gold price was listed on Kitco around 3,144.6 USD/ounce.
Gold price forecast
World gold prices increased in the context of the USD decreasing. Recorded at 9:50 a.m. on April 3, the US Dollar Index measuring the fluctuations of the greenback against 6 major currencies was at 102.752 points (down 0.71%).
According to Reuters, in the early morning of January 3 (Vietnam time), President Donald Trump signed a decree imposing a 10% import tax on all goods entering the US, and raising the tax rate for more than 60 countries, including major trading partners such as China, the European Union (EU), Japan and India.
On Kitco, Chris Zaccarelli - Investment Director of Northlight Asset Management - said that the US President's announcement had extinguished the market's initial optimism about the level and scale of import taxes.
The market is like a super-fast bullet train. Initially, there were leaks that the tax was only at a basic 10%, but when the details were announced, it was much worse than expected, from 24-49% for goods outside the EU and the UK. The market will continue to struggle because tax information is changing so quickly, and no one knows exactly what the outcome will be, he told Kitco News.
Hopefully for investors, this could be just the starting point for negotiations with other countries, and eventually import tariffs will decrease across the board. However, investors are taking urgent action and have not yet fully assessed the situation, Zaccarelli added.
Mr. Tai Wong - an independent metals trader - shared on CNBC that the recently responding tariffs were much stronger than expected, leading to a wave of sell-offs in the asset market and weakening the USD. According to him, the outlook for gold is currently very positive, with the new short-term target raised to 3,200 USD/ounce.
Mr. Ryan McIntyre - Senior Portfolio Director at Sprott Asset Management - also commented that gold prices are in an uptrend, partly due to the increase in ETFs holding physical gold, along with strong buying power from central banks.
Many analysts believe that tariff policies under President Donald Trump could push US inflation up, even leading to the risk of economic recession. In that context, investors are increasingly looking to safe-haven assets such as gold. Goldman Sachs has recently raised the probability of a recession in the US from 20% to 35%, and forecast the US Federal Reserve (FED) to continue cutting interest rates in the coming time.
See more news related to gold prices HERE...
