At the end of the session on April 12, the price of gold bars at SJC closed at 103-106.5 million VND/tael (buy - sell), an increase of 800,000 VND/tael in the buying direction and an increase of 1.3 million VND/tael in the selling direction compared to the previous session's close.

The price of SJC 1-5 chi gold rings is listed at 101.4-104.9 million VND/tael (buy - sell), an increase of 300,000 VND/tael for buying and 500,000 VND/tael more expensive for selling compared to the previous day's closing price.

Meanwhile, the price of 9999 gold rings at Doji closed the session at 101.2-104.8 million VND/tael, an increase of 500,000 VND/tael in both directions compared to the previous day's closing price.

Meanwhile, compared to the gold price at the end of last week (April 5), in one week, each tael of SJC gold bar increased by 5.4 million VND (selling) and 5.9 million VND (buying); while gold rings of type 1-5 only increased by 4-4.9 million VND (buying - selling).

Gold price today on Kitco floor closed the trading week at 3,236 USD/ounce. Gold futures price for June 2025 delivery on Comex floor New York traded at 3,255 USD/ounce.

World gold ended the trading week above $3,200/ounce, up 6% from last Friday. Gold prices recorded their best weekly increase since March 2020.

Turmoil in global financial markets has pushed gold prices to a new record high. China's Ministry of Finance announced on April 11 that it would retaliate against US President Donald Trump's reciprocal tariffs by increasing tariffs on US imports from 84% to 125% starting April 12. This is the same level as the reciprocal tariffs the US is imposing on Chinese goods entering the country.

Previously, on April 9, President Donald Trump suddenly announced a temporary suspension of high import tariffs on most of America's trading partners for 90 days, but increased the reciprocal tariff on China to 125%.

The Trump administration not only uses tariffs as an economic tool but also as a strategic card to force countries to reorient trade according to Mr. Trump's "America First" wishes.

Gold - Duc Thanh (4).jpg
Gold prices closed the week at a high level. Photo: Duc Hieu

US-China tensions pushed gold prices to a new record of $3,245/ounce in the weekend session.

The US dollar continued to slide against major currencies. The greenback has been hit hard by a global sell-off that has spread to stocks and even US Treasury bonds.

The US Dollar Index (DXY), which measures the greenback's movements against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 99.78 points.

The yield on the benchmark 10-year note is on track for its biggest weekly gain since 2001.

Traders have sharply reduced expectations that the US Federal Reserve will cut interest rates soon. The decision to significantly slow the pace of shrinking its balance sheet last month was widely supported by policymakers, according to minutes of the Fed's latest meeting released on April 9. However, internal opposition to the change was greater than initially expected.

Meanwhile, European Central Bank President Christine Lagarde said the central bank stands ready to take measures to maintain financial stability and deal with turmoil.

Gold price forecast

Gold prices typically consolidate at new highs before new buying interest — as investors take advantage of corrections and overbought conditions — is a common practice, according to David Morrison, senior market analyst at Trade Nation. Investors are turning to gold as a safe haven amid volatile markets and falling Treasury yields.

Gold prices are likely to rise further as the safe-haven asset list has become smaller. Gold continues to attract buyers amid a weaker US dollar.

Independent metals trader Tai Wong said gold prices may see a slight correction in the short term, but the long-term outlook remains positive. Another supportive signal for the gold market is the strong demand from ETFs, which are at multi-year highs.

Alex Kuptsikevich, Chief Market Analyst at FxPro, said that the fact that gold prices closed the week at an all-time high has triggered an extended growth pattern, with the potential to rise above $3,500/ounce.

Gold reaches 'rare in history' milestone, is it risky to buy from the safe? Compared to more than a year ago, the price of gold has increased by more than 50% and experts say this is an extremely rare level in history. When the price of gold continuously reaches new peaks, if not careful, buyers can buy right at the peak at any time.

Source: https://vietnamnet.vn/gia-vang-hom-nay-13-4-2025-tang-phi-ma-vang-mieng-sjc-soan-ngoi-nhan-tron-2390537.html