Gold price today April 3: Skyrocketing, heading towards 103 million VND

On the morning of April 3, the price of gold continued to rise to a new record. Gold bars at Saigon Jewelry Company - SJC were bought for 99.8 million VND, sold for 102.5 million VND, an increase of 400,000 VND compared to yesterday. Similarly, 4-number 9 gold rings at SJC, type 0.5 - 2, were bought for only 99.8 million VND, sold for 102.53 million VND.

Gold rings at Phu Nhuan Jewelry Company (PNJ) were also bought at 99.8 million VND, sold at 102.5 million VND; Doji Group bought at 99.7 million VND, sold at 102.4, an increase of 300,000 VND...

Gold price on the morning of April 3rd is heading towards 103 million VND/tael

World gold prices jumped to $3,158.5/ounce, $35 higher than yesterday. Gold prices increased after US President Donald Trump officially announced reciprocal tariff policies with many countries, including Vietnam.

The reciprocal tariffs were much stronger than expected, leading to a sell-off in asset markets and a weaker dollar, independent metals trader Tai Wong told CNBC. The outlook for gold is excellent, with a new short-term target of $3,200 an ounce.

According to Mr. Ryan McIntyre, senior portfolio manager at Sprott Asset Management, gold prices tend to increase, partly due to increased holdings of gold-backed ETFs and strong buying from central banks.

According to many analysts, President Donald Trump's tariff policy will cause US inflation to increase and the country's economy may even fall into recession. That makes investors worried and seek safe assets such as gold. Investment bank Goldman Sachs has raised the probability of a US recession to 35% from 20%, and forecasts more interest rate cuts from the US Federal Reserve.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-342025-tang-vun-vut-huong-den-103-trieu-dong-185250403084637747.htm

Source: https://baolongan.vn/gia-vang-hom-nay-03-4-tang-vun-vut-huong-den-103-trieu-dong-a192831.html