Gold price today April 14: SJC gold bars increase to new peak of 107 million VND/tael

Saigon Jewelry Company - SJC sharply increased the buying price of SJC gold bars by 1.5 million VND per tael, up to 104.5 million VND, while the selling price increased by 500,000 VND, up to 107 million VND. This is the highest price of SJC gold bars ever.

Gold ring price is 101.4 million VND for buying and 105 million VND for selling. Domestic gold price is 4 - 5 million VND/tael higher than world price .

The difference between the buying and selling price of gold is high at 3.5 million VND/tael, meaning this is the loss that gold buyers at this time have to bear.

Domestic gold price is 4.4 - 5.9 million VND/tael more expensive than world price

The domestic gold market reacted rather slowly compared to the world's precious metal. After falling sharply by nearly 20 USD/ounce at the beginning of the day, the world gold price skyrocketed to 3,238 USD/ounce. Gold maintained trading above 3,200 USD/ounce as the global financial market was affected by US President Donald Trump's tax policy, leading to a safe haven flow of money into gold.

Analysts note that the market will continue to pay close attention to any announcements from the White House and any potential headlines about global trade wars and tariffs, while economic data is expected to play a secondary role in gold price movements in the market.

Amid the turmoil as bond yields rise, analysts are looking ahead to a speech by Federal Reserve Chairman Jerome Powell on his economic outlook at the Economic Club of Chicago on Wednesday. Meanwhile, markets will be keen to hear from the Bank of Canada this week when it announces its monetary policy decision. Analysts expect the central bank to keep interest rates on hold as it tries to navigate the global trade war.

The European Central Bank will also hold a monetary policy meeting, expected to continue cutting interest rates to support the region's economy.../.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1442025-vang-mieng-sjc-tang-len-dinh-moi-107-trieu-dong-luong-185250414084220654.htm

Source: https://baolongan.vn/gia-vang-hom-nay-14-4-vang-mieng-sjc-tang-len-dinh-moi-107-trieu-dong-luong-a193450.html