Gold price today April 13: Breaking all old peaks, no one believes gold will fall again

On Sunday morning, April 13, the price of SJC gold bars was listed by businesses at around 103 million VND/tael for buying and 106.5 million VND/tael for selling, the highest ever and an increase of 6.4 million VND/tael compared to the end of last week. This is a shocking increase in gold prices within 1 week.

Similarly, the price of 99.99 gold rings and jewelry gold of all kinds was listed by businesses at 101.4 million VND/tael for buying and 104.9 million VND/tael for selling - an increase of 4.9 million VND/tael compared to the end of last week.

Domestic gold prices fluctuated strongly last week, with an amplitude of up to millions of dong. Many people continued to take profits when gold prices increased sharply, setting a new record high.

Domestic gold prices jumped following the increase in world prices. In the international market, the gold price closed the trading week at 3,238 USD/ounce, up about 200 USD/ounce (up about 6.3 million VND/tael).

Precious metals in the international market continue to benefit as money flows to them as a safe haven from the constant changes in US tariff policies with other countries.

Giá vàng hôm nay 13-4: Xô đổ mọi đỉnh cũ, không ai tin vàng sẽ giảm trở lại- Ảnh 2. — SJC gold bar price increased shockingly

The falling US dollar also supported gold prices. The US dollar index (DXY) fell below the 100 mark to 99.7 points – its lowest level since September 2023.

Gold prices have had a series of shocking increases in a short period of time, exceeding all forecasts of domestic and international experts. With that development, both analysts and investors continue to be optimistic about the trend of gold prices next week, according to the survey results of Kitco.

Specifically, in a survey on Wall Street, 16 experts participated in the response, of which 94% of opinions said that gold prices will continue to increase, no one said that gold prices will decrease and the remaining 6% said that gold prices will go sideways.

Similarly, in an online survey on Main Street, 275 investors responded, of which 69% expected gold prices to continue to rise, only 18% thought gold prices would cool down and the rest predicted gold prices would remain flat.

Many analysts believe that the instability in the international financial market due to fluctuations in the tariff policies of the US and other countries, especially the tense US-China trade war; the weakening USD... is pushing the price of gold to a record level. The next target could be 3,300 USD and then 3,500 USD/ounce.

On the other hand, some forecasts say that gold prices have overheated, and if the US and China reach a negotiation agreement on tariffs, gold prices could plummet.

Currently, the world gold price converted according to the listed exchange rate is about 101.3 million VND/tael.